Good Energy Group PLC Business of General Meeting Cancelled (9247O)
August 24 2017 - 8:30AM
UK Regulatory
TIDMGOOD
RNS Number : 9247O
Good Energy Group PLC
24 August 2017
Good Energy Group PLC
("Good Energy" or the "Company")
Business of General Meeting Cancelled
The Board of Good Energy announces that following notification
from Ecotricity Group Limited ("Ecotricity"), Good Energy and
Ecotricity have agreed not to proceed with the requisitioned
general meeting of the Company's shareholders ("General Meeting")
regarding the proposed appointment of Dale Vince and Simon Crowfoot
as non-executive directors of Good Energy. Ecotricity has therefore
withdrawn its notice under section 303 of the Companies Act 2006
requisitioning the General Meeting.
The Board therefore recommends the indefinite adjournment of the
General Meeting scheduled for 3pm on Wednesday 6 September 2017.
Ecotricity has confirmed its support for that recommendation.
Accordingly, the General Meeting will not proceed to any of the
formal business set out in the Notice of Meeting and will be
indefinitely adjourned.
Shareholders are advised that there is no requirement to attend
the meeting to approve the indefinite adjournment. Shareholders who
have already submitted a proxy vote need take no further action.
Shareholders who have not yet submitted a proxy vote no longer need
to do so.
Chairman of Good Energy, John Maltby said:
"We seek a constructive dialogue with Ecotricity, as we do with
all of our shareholders, and see this as a positive step. We hope
very much that we can put this matter behind us and would like to
thank our customers, shareholders, and other stakeholders for their
support."
Enquiries:
Good Energy Group
PLC +44 (0) 1249 766 795
Juliet Davenport,
Chief Executive Officer
Denise Cockrem, Chief
Financial Officer
Stephen Rosser, Company
Secretary
Investec Bank plc +44 (0) 207 597 4000
Jeremy Ellis
Sara Hale
Smithfield Consultants +44 (0) 20 3047 2476
Alex Simmons
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 founding member of the Social Stock
Exchange, Good Energy's 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 (no energy supplier was awarded 5
stars), and has been awarded a Best Buy by Ethical Consumer
magazine.
-- 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, bringing the total number of customers to
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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