Corporate bond raises ?15 million

RNS Number : 7478T

Good Energy Group PLC

22 November 2013

 



Good Energy Group plc

Good Energy Group's corporate bond raises £15 million

Good Energy Group plc ("Good Energy"), the AIM quoted renewable electricity supplier, is pleased to confirm that further to the closure of the offer on 24 October 2013, the corporate bonds have now been allotted.

Good Energy Bonds raised £15 million and closed three weeks ahead of schedule having been oversubscribed at the maximum.

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

"The success of the Good Energy Bonds is a vote of confidence and has diversified our sources of funding. Over 80% of applicants for the bonds are customers of Good Energy, demonstrating the strength of the company and the high level of customer engagement, supporting our goal of contributing to the UK's green energy future."

Enquiries:

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

Victoria Geoghegan / Duncan Mayall / Elizabeth Snow [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 founding member of the Social Stock Exchange.

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

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

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

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

 

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