2 May 2018 07:00
Aggregated Micro Power Holdings plc
("AMP", the "Company" or the "Group")
Confirmation of Capital Reduction
Aggregated Micro Power Holdings plc (AIM: AMPH), the specialist aggregator of distributed heat and power and renewable fuels, announces that further to its regulatory news releases on 16 March 2018 and 11 April 2018, the High Court of Justice in England and Wales has made an order confirming the cancellation of the amount standing to the credit of the Company's share premium account (the "Capital Reduction") under section 648 of the Companies Act 2006.
The Capital Reduction, as described in the Circular that was sent to shareholders on 16 March 2018 and which is available at the Company's website (www.ampplc.co.uk), was approved by shareholders at a General Meeting held on 11 April 2018. The order of the Court has been registered with the Registrar of Companies and, accordingly, the Capital Reduction has now become effective.
The purpose of the Capital Reduction is to create distributable reserves, which will allow the Company to make dividend payments at an appropriate time in the future.
Capitalised terms used herein but not defined have the same meanings as set out in the Circular.
Enquiries:
Aggregated Micro Power Holdings plc Tel: 020 7382 7800
Neil Eckert, Executive Chairman
Richard Burrell, CEO
finnCap Ltd (NOMAD & Broker) Tel: 020 7220 0500
Ed Frisby/Simon Hicks (corporate finance)
Stephen Norcross/Sultan Awan (corporate broking)
Haggie Partners (Financial PR) Tel: 020 7562 4444
Peter Rigby/Brian Norris
Notes to Editors:
About Aggregated Micro Power Holdings plc
The AMP Group was established to develop, own and operate renewable energy generating facilities. It specialises in the sale of wood fuels and in the installation of distributed energy projects. AMP's wholly owned subsidiary Forest Fuels sells high quality wood chip and wood pellet to end customers throughout the UK, while its projects division installs biomass boiler and biomass CHP systems for a wide range of applications and customers. AMP is also active in developing projects for stand-by power generation which aim to balance the transmission grid at times of peak demand.
www.ampplc.co.uk
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.