Issue of Shares

RNS Number : 2483L

Good Energy Group PLC

24 April 2015

 

24 April 2015

Good Energy Group PLC

("Good Energy" or "the Company")

Issue of Shares

Good Energy announces that it has issued 291,137 new ordinary shares of 5p each in the Company ("Ordinary Shares") to its Good Energy Group Employee Benefit Trust (the "EBT") for a consideration of 239.5p per share (being the mid-market closing price on Thursday 23^rd April 2015). The new Ordinary Shares have been issued to enable the EBT to satisfy share option obligations with regard to vesting schedules under the Company's share option scheme.

Application has been made for the 291,137 Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and trading in the Ordinary Shares will commence at 8:00 a.m. on 29 April 2015.

The Ordinary Shares will rank pari passu in all respects with the other ordinary shares currently in issue.

Following Admission, the number of Ordinary Shares, with one voting right each in the Company, will be 14,959,033. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, their shareholding in the Company.

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For further information, please contact:

Good Energy Group PLC	01249 766795
Juliet Davenport, Chief Executive
Denise Cockrem, Chief Financial Officer
Arden Partners plc (Nomad & Broker)	012 1423 8900
Steve Douglas
Michael McNeilly
Camarco (Financial PR Adviser)	020 3757 4980
Geoffrey Pelham-Lane, Billy Clegg, Georgia Mann
Good Energy Press Office	01249 765540
Gill Dickinson

Notes to editors

Notes to editors

- Good Energy is a fast-growing 100% renewable electricity supply company, offering value for money and award-winning customer service.

- An AIM-listed PLC, and founder member of the Social Stock Exchange, its mission is to support change in the energy market, address climate change and boost energy security.

- Good Energy matches over the course of a year all the electricity its customers use with power from renewable sources.

- The company has consistently performed well in the annual Which? energy company customer satisfaction survey, winning first or second place in each of the last four years. Good Energy's dual fuel tariff is cheaper on average than the standard tariffs sold by the 'Big 6' before discounts.

- It now has more than 51,500 renewable electricity customers and 25,000 gas customers. It works with a community of 76,000 small and medium scale renewable electricity generators (All figures as at 31 Dec 2014).

- Good Energy is the owner of Delabole Wind Farm, the UK's first commercial wind farm, and also owns and operates Hampole Wind Farm, near Doncaster. The company also owns and operates four solar farms.

 

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