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11 September 2007
GOOD ENERGY GROUP PLC - PURCHASE OF SHARES
PURCHASE OF SHARES
Good Energy Group PLC, the PLUS quoted carbon solutions specialist, announces that its subsidiary Monkton Trustees Ltd has acquired a further 5,000 ordinary shares in Good Energy Group PLC by way of open market purchases at 75p per share.
This brings the number of shares in Good Energy Group PLC held by Monkton Trustees Ltd to 893,500 representing 13.24% of the issued share capital. Monkton Trustees Ltd is the trustee of the Good Energy Group share option scheme, and as a matter of policy acquires shares to satisfy the future exercise of share options granted to Good Energy executives.
---ENDS--- ENQUIRIES:
GOOD ENERGY GROUP PLC +44 124 976 6090
Juliet Davenport
www.good-energy.co.uk
BISHOPSGATE COMMUNICATIONS LTD. +44 20 7562 3350
Dominic Barretto
Jenni Herbert
goodenergy@bishopsgatecommunications.com
NOTES TO EDITORS
Good Energy Group PLC operates in the Renewable Electricity market. It is the holding company of Good Energy Ltd and of Good Energy Generation Ltd.
Electricity sold to customers by Good Energy is matched 100% (over 12 month periods) by purchases from wholly renewable sources including wind power, sun and naturally falling water. The Company submits itself to an audit verification by a Top 10 firm of Chartered Accountants to give customers the assurance that such is the case.
Good Energy Ltd has over 22,500 customers including business customers, is regulated by OFGEM and has a Supply Licence to operate in England, Wales and Scotland. Good Energy Ltd also operates a home renewable electricity generation scheme where the Company undertakes to buy the output from small- scale renewable generation plants installed on private premises.
Good Energy Generation Ltd is the Group's acquisition vehicle for renewable generation assets. It acquired a 4MW wind farm in 2002 which supplies part of Good Energy's needs. More acquisitions are being sought to support Good Energy's growth.
The Group is based in Chippenham, Wiltshire and commenced operations in 1999. In July 2004, prior to its introduction to PLUS-quoted, Good Energy Group PLC completed its second public offer of shares, which raised GBP 1,028,225 of new funds. It has around 1,180 shareholders, nearly all of whom are Good Energy customers.
The Directors take responsibility for this announcement.
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