Change of Adviser

RNS Number : 4643S

eEnergy Group PLC

09 July 2020

 

9 July 2020

eEnergy Group plc

("eEnergy" or "the Group")

Change of Adviser

eEnergy Group plc (AIM: EAAS), a leading "Energy Efficiency-as-a-Service" (EEaaS) business in the UK and Ireland, is pleased to announce that it has appointed N+1 Singer as Nominated Adviser and Joint Broker to the Group with immediate effect.

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Contacts:

eEnergy Group plc	Tel: [phone]
Harvey Sinclair, Chief Executive Officer	[e-mail]; www.eenergyplc.com
N+1 Singer (Nominated Adviser and Joint Broker)	Tel: [phone]
Peter Steel / Justin McKeegan / Carlo Spingardi (Corporate Finance) Tom Salvesen (Corporate Broking)
Turner Pope Investments (Joint Broker)	Tel: [phone]
Andy Thacker / Zoe Alexander	[e-mail]
Newgate Communications	Tel: [phone]
Giles Croot / Robin Tozer	[e-mail]

About eEnergy Group plc

eEnergy is an established "Energy Efficiency-as-a-Service" (EEaaS) business currently focused on providing "Light-as-a-Service" to customers through eLight. eLight helps businesses and schools switch to LED lighting for a fixed monthly service fee, avoiding any upfront payments. For customers, the energy savings are greater than the monthly service fee, allowing them to unlock free cashflow from day one as well as to improve the quality of their lighting and reduce carbon emissions.  eLight procures, funds, installs and maintains the LED lighting, meaning the customer has no risk.

eEnergy was admitted to AIM in January 2020. The Board's strategy is to develop eEnergy as a broader energy services company and acquire other businesses in the energy management sector. The market in the EU for energy efficiency services was approximately €25 billion in 2017 and is expected to double by 2025. 

eEnergy has been awarded The Green Economy Mark by the London Stock Exchange, which recognises a company's work on sustainability. 

https://eenergyplc.com/  

AIM Rules for Companies disclosure

The following information is being disclosed pursuant to Rule 17 and Schedule Two Paragraph (g) of the AIM Rules for Companies: Harvey Sinclair, eEnergy's CEO, was a director of Koodos Limited at time that the company entered into creditor voluntary liquidation in November 2010. The company was dissolved in October 2012. Mr. Sinclair was also a director of Island Leisure (Bars) Limited, which entered into a company voluntary arrangement in May 2011. The company was dissolved in January 2014.

 

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