20 Jul 2015 07:00
Aggregated Micro Power Holdings plc
("AMPH" or the "Group")
FUNDING FOR BIOMASS BOILER PORTFOLIO
Aggregated Micro Power Holdings plc, (AIM: AMPH), the renewable energy developer focused on biomass energy generation, announces that it has secured funding for the financing of its biomass boiler portfolio through Aggregated Micro Power Infrastructure Limited ("AMPIL").
AMPIL has completed a successful capital raise of £ 4.8 million from established institutions taking total loan notes issued to £6.7 million. AMPH will be able to use this facility to finance its small scale biomass boiler portfolio which will allow AMPH to generate development fees from its boiler pipeline.
Richard Burrell, CEO of AMPH, said: "This is a landmark transaction. Our small scale biomass boiler business is doing well. Our target at IPO in July 2014 was to develop £5 million of boilers per annum and this latest fundraise by AMPIL enables us to achieve this target. Our pipeline is very strong and we expect further tap issues to be undertaken by AMPIL as more boiler installations complete."
Note to Editors:
AMPIL is a special purpose vehicle which is wholly owned by The Law Debenture Intermediary Corporation p.l.c. as trustee for general charitable purposes. AMPIL issues listed loan notes on a regular basis to fund a portfolio of renewable energy projects for AMPH or other developers.
Aggregated Micro Power Holdings plc Tel: 020 7382 7800
Richard Burrell, CEO
Mark Tarry, CFO
www.ampplc.co.uk
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/Brian Norris