Good Energy Group PLC Closing of second corporate bond (4309I)

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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                       [phone] 
Juliet Davenport, Chief Executive Officer 
Denise Cockrem, Chief Financial Officer 
 
Smithfield Consultants                      [phone] 
Alex Simmons 
Brett Jacobs 
 
Arden Partners plc                          [phone] 
Steve Douglas 
Patrick Caulfield 
 
Investec Bank plc                           [phone] 
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

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June 19, 2017 02:00 ET (06:00 GMT)