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19 September 2008
APPOINTMENT OF NEW TRUSTEE AND NOTIFIABLE INTEREST IN SHARES
Good Energy Group PLC ("the Company") announces that it has today appointed Clarke Willmott Trust Corporation Limited ("CWTC") as the new Trustee of the Good Energy Group Employee Benefit Trust (the "Trust") in place of the outgoing Trustee, Monkton Trustees Limited. As part of this transaction, Monkton Trustees Limited has transferred to CWTC its entire holding of 915,500 ordinary shares in the Company so that CWTC now has a legal interest in 11.71% of the issued share capital. All these shares will continue to be held on behalf of the Trust whose beneficiaries are the employees of Good Energy Group PLC. In commenting on this transaction, the Chairman of the Company, John Sellers, said " This transaction represents a further improvement in our Corporate Governance. The out-going Trustee was a subsidiary of the Company and notwithstanding that its affairs were regulated by a Trust Deed, it has been judged better to appoint a fully independent Trustee. Moreover, the Board has been advised that under the previous arrangement this shareholding would be aggregated with the individual shareholdings of the Company's directors for the purposes of the Takeover Code, thereby restricting the entitlement of the Directors or the Trust to deal in Company shares since the combined holding represented in excess of 30% of the issued share capital. The new arrangement reduces the relevant aggregate to 22.4%." Steven Howells of CWTC said "We are delighted that we have been able to help Good Energy by taking take on this role. CWTC exists to provide an independent and professional trusteeship service for both corporate and private clients and we look forward to working with the Company and the beneficiaries of the Trust." The Directors take responsibility for this announcement For further information on this transaction: Jon Fairchild, Group Finance Director Tel: 01249 766094 jon.fairchild@good-energy.co.uk For General Enquiries: Laura Quinn, Good Energy Press and PR Officer on: Tel: 01249 766794 laura.quinn@good-energy.co.uk For Financial PR: Carbon International +44 20 7483 3343 David Hopkins Director PR Samantha Hill Senior PR Manager http://www.carboninternational.com/ NOTES TO EDITORS - Over 25,000 homes and businesses across the UK have switched to Good Energy. The electricity supplied by Good Energy comes from over 400 independent renewable generators that use wind, small-scale hydro, solar power and sustainable biomass to generate electricity.
- Good Energy's customers are cutting their personal carbon dioxide (CO2) emissions by an average of two tonnes per household. That's saving the equivalent emissions produced by driving 5,000 miles in a petrol car.
- In an official report entitled "Reality or Rhetoric? Green Tariffs for Domestic Customers" from the National Consumer Council, Good Energy was rated the greenest energy supplier in the UK. The report states: "For those consumers who want a green electricity supply, pure and simple, this is probably the closest they will get to it."
- Good Energy is owned by the Good Energy Group, an independent PLC which specialises in investing in renewable energy. Good Energy Group has in the region of 1700 shareholders, of which over 90% are customers of Good Energy.
- Good Energy is the first electricity company to publish an independent audit of its renewable supply claims.
- Join Good Energy today and reduce your carbon footprint by up to one third. Call 0845 456 1640 or sign up online at http://www.good-energy.co.uk/
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