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19 May 2009
RESULT OF ANNUAL GENERAL MEETING
Juliet Davenport, CEO of Good Energy Group PLC started the meeting with an overview of the performance of Good Energy Group in 2008, and the prospects for 2009. "2008 was a demanding year. We had to deal with some big external issues including the volatile energy markets and the economic downturn. At the same time we were bringing our new concepts for products to market in the shape of Good Energy Gas and Good Energy Shop. We are now looking forward to this work bearing fruit in 2009 with the re-powering of the Delabole Wind Farm; the continued growth of Good Energy's 100% electricity supply business; growing the Good Energy Gas customer base and by increasing traffic to Good Energy Shop. With our new augmented team we're up for the challenge." The business of the meeting then was lead by John Sellers, Chairman of Good Energy Group PLC. The key resolution of the day was the Director's power to allot securities and disapplication of pre-emption rights, which allows Good Energy to allot equity securities up to an aggregate nominal value of £250,000. John Sellers the Chairman of Good Energy Group PLC said "This year shareholders will know that we are working on delivering the re-power of Delabole, and that we will need to raise some additional equity to be able to complete this. Therefore we are likely to exercise these pre-emption rights as part of the process." All the resolutions were duly passed. About Good Energy: - Good Energy is unique in the supplier industry by buying and selling only 100% renewable electricity - a major point of differentiation versus other players in the market. To compare the fuel mix of other suppliers please visit: www.electricityinfo.org/suppliers.php
- More than 25,000 homes and businesses across the UK have switched to Good Energy. Good Energy buys electricity from more than 500 independent renewable generators that use wind, small scale hydro, solar power and sustainable biomass to generate electricity.
- 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, quoted on PLUS which specialises in investing in renewable energy. Good Energy Group has around 1700 shareholders, of which more than 90% are customers of Good Energy.
- Good Energy campaigns for more renewable generation in the UK, and is one of the original signatories to new Ofgem guidelines which aim to clear up confusion over 'green' energy tariffs.
- In 2008 alone Good Energy was named Best Buy for green electricity by Ethical Consumer magazine. It also won a series of awards including: the Micropower Award for Innovation; the Wiltshire Wildlife Trust Award for Outstanding Contribution to the Environment; the British Renewable Energy Company Award and Juliet Davenport won PLUS markets CEO of the Year.
- The Good Energy Shop helps customers reduce their energy use and costs as well as providing the means for individuals, businesses and communities to generate their own green energy. www.goodenergyshop.co.uk
- Join Good Energy today and start getting 100% renewable electricity. Call 0845 456 1640 or sign up online at: www.goodenergy.co.uk
Media Enquiries David Hopkins Carbon International david.hopkins@carboninternational.com +44 (0)20 7483 3343 Samantha Hill Carbon International mailto:david.hopkins@carboninternational.com +44 (0)20 7483 7205 Shareholder Enquiries Jon Fairchild Good Energy Group PLC mailto:david.hopkins@carboninternational.com +44 (0)1249 766 094
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