Result of AGM
30 December 2020
eEnergy Group plc
("eEnergy" or "the Group")
Result of AGM
eEnergy Group plc (AIM: EAAS), a leading "Energy Efficiency-as-a-Service" (EEaaS) business in the UK and Ireland, is pleased to confirm that all resolutions proposed at its Annual General Meeting, held earlier today, were duly passed.
Contacts:
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eEnergy Group plc |
Tel: +44 20 7078 9564 |
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Harvey Sinclair, Chief Executive Officer
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N+1 Singer (Nominated Adviser and Joint Broker) |
Tel: +44 20 7496 3000 |
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Justin McKeegan, Mark Taylor, Carlo Spingardi (Corporate Finance) Tom Salvesen (Corporate Broking)
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Turner Pope Investments (Joint Broker) |
Tel: +44 20 3657 0050 |
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Andy Thacker
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Newgate Communications |
Tel: +44 7540 106 366 |
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Robin Tozer Isabelle Smurfit |
About eEnergy Group plc
eEnergy Group plc is a leading "Energy Efficiency-as-a-Service" (EEaaS) business focused on providing its core "Light-as-a-Service" ("LaaS"), to educational and commercial & industrial customers through its eLight and RSL operations in the UK and Ireland. The Group helps businesses and schools switch to LED lighting, typically for a fixed monthly service fee, avoiding any upfront payments.
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.
In December 2020, eEnergy completed the acquisition of Beond Group Limited. Beond is a UK-based renewable energy consulting and procurement business, whose services aim to reduce costs for clients and tackle climate change. Beond's services include provision of clean energy strategy, smart energy procurement, hedging strategies, bill validation, bureau services and market intelligence. However, its key offering is its proprietary platform used to run reverse energy auctions for clients.
eEnergy has been awarded The Green Economy Mark by the London Stock Exchange, which recognises a company's work on sustainability.
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