Good Energy Group PLC Closing of second corporate bond (4309I)
June 19 2017 - 2:00AM
UK Regulatory
TIDMGOOD
RNS Number : 4309I
Good Energy Group PLC
19 June 2017
19 June 2017
Good Energy Group PLC
("Good Energy" or the "Company")
Closing of second corporate bond
Good Energy, the AIM-listed renewable energy supply and
generation company, is pleased to announce that its second
corporate bond ("Good Energy Bonds II") is closed with the Company
receiving valid applications for GBP16.7 million.
Juliet Davenport, OBE, Founder and CEO of Good Energy
commented:
"I am thrilled and humbled by the huge vote of confidence in our
business and purpose by customers and investors alike and it is
testimony to the value of putting customers and stakeholders at the
heart of our funding strategy.
These funds will help support and enhance the delivery of our
new strategy as we explore opportunities in exciting new business
areas including green business consultancy and solutions to promote
the wider use of electric vehicles and energy storage.
Those committed to a cleaner, greener, fairer future are coming
together in a global movement that has never been more powerful
than it is today and I'm thrilled that the Good Energy family - our
customers, our investors, our shareholders, our staff, our
generators and our partners are at the heart of it."
In addition to the valid applications set out above, the Company
has a small number of additional applications for Good Energy Bonds
II that are still in the process of being cleared. These additional
applications will not materially change the results of Good Energy
Bonds II and no further applications are being accepted.
The Company expects to allot Good Energy Bonds II on 30 June
2017.
Capitalised terms have the same meaning as in the Invitation
Document unless the context requires otherwise.
This announcement contains information which, prior to its
disclosure, was inside information for the purpose of the Market
Abuse Regulation.
[ends]
Enquiries:
Good Energy Group PLC +44 (0) 1249 766 795
Juliet Davenport, Chief Executive Officer
Denise Cockrem, Chief Financial Officer
Smithfield Consultants +44 (0) 20 3047 2476
Alex Simmons
Brett Jacobs
Arden Partners plc +44 (0) 121 423 8900
Steve Douglas
Patrick Caulfield
Investec Bank plc +44 (0) 207 597 4000
Jeremy Ellis
Sara Hale
Notes to editors:
-- Good Energy is a fast growing green energy company,
generating and selling 100% renewable electricity and green gas to
households and businesses across the UK.
-- An AIM-listed PLC, and founder member of the Social Stock
Exchange, its purpose is to support change in the energy market,
address climate change and boost energy security.
-- The Company has been awarded 4 out of 5 stars by Which? for
customer service in 2016 and 2017, and has been voted the best
energy company for customer service by users of
MoneySavingExpert.com for three consecutive polls.
-- As at 31 December 2016, Good Energy had over 71,400 renewable
electricity customers and 44,100 carbon neutral gas customers. It
also provides Feed-in Tariff administration services to over
133,000 sites, totalling over 248,500.
-- Good Energy is the owner of Delabole Wind Farm, the UK's
first commercial onshore wind farm and owns and operates Hampole
Wind Farm, near Doncaster. The Company also owns and operates seven
solar farms.
-- Good Energy received an average customer advocacy of 45. A
net promoter score is an index ranging from -100 to 100 that
measures the willingness of customers to recommend a company's
products or services to others. It is used as a proxy for gauging
the customer's overall satisfaction with a company's product or
service and the customer's loyalty to the brand.
-- Good Energy has won a number of awards, including Renewable
Energy Association Company of the Year Award 2016, Business Green
Company of the Year 2015, and was named Social Impact Company of
the Year at the 2014 and 2015 Small Cap awards.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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June 19, 2017 02:00 ET (06:00 GMT)
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