Good Energy Group PLC, the PLUS quoted carbon solutions specialist, confirms that as a result of
the Share Offer announced on 9 November 2007 and which closed on 10 December 2007,
GBP1,066,600 has been subscribed for 1,066,00 new 5p Ordinary Shares taking the Group’s
authorised and issued share capital to the following position:
| | Prior to | Result of | After |
| | Offer | Offer | Offer |
| | | | |
| Authorised :No | 20,000,000 | | 20,000,000 |
| | | | |
| Issued :No | 6,750,767 | 1,066,000 | 7,816,767 |
The intention of the Offer was to fund projects under development and to provide working
capital for further growth. This was the 3rd Share Offer since 2002, and was intended
to give customers and shareholders a further opportunity to invest in the Group.
The vast majority of subscribers to this Issue were Good Energy customers.
Good Energy customers now own more than 50% of Good Energy Group PLC, with other
significant shareholdings as follows:
| Shareholder | Shareholding | % of issued share capital |
| John Sellers | 781,297 | 10.00% |
| Martin Edwards | 669,827 | 8.57% |
| Juliet Davenport | 279,702 | 3.58% |
| Peter Edwards | 451,098 | 5.77% |
| Philippa Edwards | 274,079 | 3.51% |
| Monkton Trustees | 913,500 | 11.69% |
The Directors’ interests are 1,732,826 ordinary shares in aggregate representing 22.17%
of the issued share capital. The shares will be allotted on Friday 21 December 2007.
Commenting on today’s news, CEO Juliet Davenport, said:
“At Good Energy, we have always liked the idea of our customers being part owners of
the Company. We are delighted to have had such strong interest from our existing
customers and shareholders, many of whom participated in our previous share offers.
This demonstrates the confidence that our stakeholders have in the Group and their
support for our objectives. The Board looks forward, with these new funds in place,
to implementing our plans for further growth.”
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Enquiries:
Good Energy Group PLC +44 124 976 6090
Jon Fairchild
www.good-energy.co.uk
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 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 23,500 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.
