Aggregated Micro Power Holdings PLC Result of General Meeting (0773G)

TIDMAMPH

RNS Number : 0773G

Aggregated Micro Power Holdings PLC

01 November 2018

Aggregated Micro Power Holdings plc

("AMP", the "Company" or the "Group")

Result of General Meeting

Aggregated Micro Power Holdings plc, the specialist provider of distributed heat, power and renewable fuels, announced on 15 October 2018 a placing to raise GBP8.5 million (before expenses) through the issue of 8,500,000 new ordinary shares of 0.5 pence each (the "Placing Shares").

The issue of the Placing Shares was conditional, inter alia, on shareholder approval at a General Meeting. The Company is pleased to announce that at the General Meeting of its shareholders held earlier today all resolutions were passed.

Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM and it is expected that Admission will be effective and dealings will commence in respect of the new Ordinary Shares, at 8.00 a.m. on 2 November 2018.

The number of Ordinary Shares in the Company in issue following Admission will be 51,691,143. There are no Ordinary Shares held in treasury. The above figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Proposed Call of Convertible Loan Notes

As detailed in the Circular sent to shareholders on 15 October 2018, upon receipt of the net proceeds of the Placing, the Company will issue the Call to Noteholders to commence the early redemption of the Convertible Loan Notes.

The total number of Convertible Loan Notes currently outstanding is GBP10.01 million. Of these Convertible Loan Notes, the Directors and management of the Company currently hold, in aggregate, GBP2.22 million nominal, which they have committed to convert into new Ordinary Shares. Therefore, the maximum potential cost of redemption of the Convertible Loan Notes at par is GBP7.79 million, plus expected interest due to Convertible Loan Note Holders of approximately GBP0.13 million.

The Company will issue an announcement once the Call has been issued and a further announcement once the number of Conversion Shares has been finalised.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the Circular containing notice of the General Meeting, a copy of which is available on the Company's website www.ampplc.co.uk.

Contacts:

   Aggregated Micro Power Holdings plc                                       020 7382 7800 

Neil Eckert, Executive Chairman

Richard Burrell, CEO

Izzy Deterding, Investor Relations

Haggie Partners LLP 020 7562 4444

Peter Rigby

finnCap Ltd 020 7220 0500

Ed Frisby / Simon Hicks (Corporate Finance)

Andrew Burdis / Richard Chambers (ECM)

Whitman Howard Ltd 020 7659 1234

Hugh Rich

Nick Lovering

About Aggregated Micro Power Holdings plc

The AMP Group was established to develop, own and operate renewable energy generating facilities. It specialises in the sale of wood fuels and in the installation of distributed energy projects. AMP's wholly owned subsidiary Forest Fuels sells high quality wood chip and wood pellet to end customers throughout the UK, while its projects division installs biomass boiler and biomass CHP systems for a wide range of applications and customers. AMP is also active in developing projects for stand-by power generation, which aims to balance the transmission grid at times of peak demand.

www.ampplc.co.uk

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November 01, 2018 10:30 ET (14:30 GMT)