Good Energy Group PLC Update on redemption of first Good Energy Bond. (7656G)
March 06 2018 - 1:01AM
UK Regulatory
TIDMGOOD
RNS Number : 7656G
Good Energy Group PLC
06 March 2018
Good Energy Group PLC
("Good Energy" or the "Company")
Update on redemption of first Good Energy Bond.
Further to the announcement on 13 February 2018 that Good Energy
, the AIM-listed renewable energy supply and generation company,
will redeem its first bond ("Good Energy Bonds I") on 29 March
2018, the Company is pleased to announce that it has received valid
continuation forms representing GBP3.6m, or 45% of the total
outstanding value of Good Energy Bonds I. This result reflects the
large number of bondholders who continue to support Good Energy's
work to develop renewable electricity generation projects
throughout the UK.
Good Energy will repay the remaining GBP4.3m of Good Energy
Bonds I on 29 March 2018.
The continuing GBP3.6m of Good Energy Bonds I will pay an
interest rate of 4.25% per annum (4.50% effective for Good Energy
customers) and provide support for Good Energy's next phase of
growth and ability to continue innovating for a cleaner, greener
and more prosperous world for future generations. Bondholders
continuing to hold Good Energy Bonds I will be entitled to request
repayment of their holding on 22 November 2019 or annually
thereafter. All other terms and conditions related to Good Energy
Bonds I remain the same.
Juliet Davenport, OBE, Founder and CEO of Good Energy
commented:
"Good Energy has a long history of customer and investor support
and we are delighted at the number of our bondholders who have
chosen to continue supporting Good Energy.
Our strategy is clear - deliver sustainable, profitable growth
by understanding and meeting our customers' needs. This aligns the
interests of our investors and customers and ultimately our purpose
of supplying 100% renewable and carbon neutral solutions to UK
customers.
We will continue our good work, as we develop renewable energy
projects and other corporate initiatives, to support the future
growth of the Company."
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
Brett Jacobs
Notes to editors:
Good Energy is a fast-growing green energy company, generating
and selling 100% renewable electricity and supplying carbon-neutral
green gas to households and businesses across the UK.
An AIM-listed PLC, and founding member of the Social Stock
Exchange, Good Energy was established in 1999 to empower households
and business to address climate changes through their choice of
energy supplier.
The Company has been awarded 4 out of 5 stars by Which? for
customer service in 2016 and 2017, and has been awarded a "Best
Buy" by Ethical Consumer.
As at 30 June 2017, Good Energy reported 71,150 renewable
electricity customers and 42,750 carbon neutral gas customers. It
also provides Feed-in Tariff administration services to 137,900
sites, bringing the total number of customers to 251,800.
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. Following the sale of Newton Downs Farm and
Brynwhilach Farm, the Group will own and operate six 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
MSCLFFIFVFIEIIT
(END) Dow Jones Newswires
March 06, 2018 02:01 ET (07:01 GMT)
Good Energy (LSE:GOOD)
Historical Stock Chart
From Apr 2024 to May 2024
Good Energy (LSE:GOOD)
Historical Stock Chart
From May 2023 to May 2024