13 Mar 2015 07:00
Aggregated Micro Power Holdings plc
("AMPH" or the "Group")
Feed stock commissioning and operating costs
Aggregated Micro Power Holdings plc, (AIM: AMPH), the renewable energy developer focused on biomass energy generation, announces that it has identified a theft in relation to its wood feed stock supply. The issue was identified internally by the Group's finance staff. A single member of staff has been dismissed and the relevant authorities have been made aware. The member of staff has undertaken to repay the monies in full and the Group has been provided with a legal charge over sufficient assets to ensure full repayment. This matter is isolated to a single employee and does not affect any customers or suppliers.
The Board believes, based on current information and the actions which have been taken, that there will be a cash repayment made to the Group during 2015 and there will be a small positive re-statement of prior year audited accounts tracing back to 2012. Further details will be provided to shareholders when the Company announces its forthcoming full year results for 2014.
Aggregated Micro Power Holdings plc www.ampplc.co.uk
Richard Burrell, CEO Tel: 020 7382 7800
Neil Eckert, Executive Chairman
finnCap Ltd (NOMAD & Broker) Tel: 020 7220 0500
Ed Frisby/Simon Hicks (corporate finance)
Stephen Norcross (corporate broking)
Haggie Partners (Financial PR) Tel: 020 7562 4444
Peter Rigby/James Fearnley