Corporate Bond Issue Update

RNS Number : 3306R

Good Energy Group PLC

24 October 2013

 

24 October 2013

Good Energy Group plc

Good Energy Group's corporate bond closes early

Good Energy Group plc ("Good Energy" or "the Group"), the AIM quoted renewable electricity supplier, is pleased to announce that, following the launch of its corporate bond on 2 October 2013, it has closed the offer early having received applications in excess of the maximum permissible subscription of £15 million for its Good Energy Bonds.

Applications for the bond were due to close on 13th November 2013, however as Good Energy has now received applications in excess of £15 million the Company will not now accept any further applications received.

Some applications received to date may exceed the maximum subscription of £15 million allowed.  The Company will contact unsuccessful applicants shortly to notify them that their applications have not been successful and to return their subscription monies to them.

Bond certificates will be issued to successful applicants in due course.

Juliet Davenport, OBE, Founder and CEO of Good Energy, commented:

"We're delighted with the success of our first corporate bond issue. To have exceeded our target of £5 million and now, three weeks ahead of schedule, to have reached the maximum of £15 million indicates strong investor confidence in Good Energy.  Further, it demonstrates overwhelming support for our goals to develop and build further UK renewable energy projects and to help secure future electricity supply by investing in renewable energy generation today."

Enquiries:

For more information in relation to the Good Energy Bonds please contact:

Victoria Geoghegan / Duncan Mayall / Elizabeth Snow

Tel: [phone]

N+1 Singer (Nominated Adviser and Broker)

Andrew Craig / Ben Wright

Tel: [phone]

Notes to Editors

·      For more information on the Good Energy Bonds, please see goodenergy.co.uk/bond

·      Good Energy Group plc is quoted on the AIM market of the London Stock Exchange. For more information please visit: www.goodenergygroup.co.uk    

·      Good Energy is a licensed electricity supplier. It ensures that all their electricity is 100% matched with electricity sourced from renewable energy, backed by Renewable Energy Guarantee of Origin certificates (REGOs) over the course of 12 months. To compare the fuel mix of other suppliers please visit: www.electricityinfo.org/suppliers.php

·      Good Energy has over 35,000 renewable electricity customers. In 2008, Good Energy added a Gas product to its range. It now has over 12,000 gas customers.

·      Good Energy provides services to a community of over 55,000 small and medium scale renewable electricity generators.

·      Good Energy is the owner of Delabole Wind Farm, the UK's first commercial wind farm. It has targeted the development of 110MW of capacity of new renewable electricity generation assets by 2016.

·      Good Energy is a founder member of the Social Stock Exchange.

·      Good Energy has recently won a number of awards, including:

o  Good Energy has come top in the latest Which? Customer Satisfaction Survey for energy suppliers in 3 of the last 4 years.

o  Good Energy won the Company of the Year Award in the British Renewable Energy Awards 2013

o  In 2013, Good Energy was named best green electricity supplier by the  ethical and environmental magazine, Ethical Consumer.

 

END

 

 

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