25 Nov 2015 07:00
Aggregated Micro Power Holdings plc
("AMPH")
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 a second round of funding for the financing of its biomass boiler portfolio through Aggregated Micro Power Infrastructure Limited ("AMPIL").
In July 2015 AMPIL completed a successful capital raise of £4.8 million bringing the total to £6.7 million from established institutions. AMPIL has just raised a further £5.7 million, taking the total loan notes issued to £12.4 million. AMPH will be able to use this facility to finance its small scale biomass boiler portfolio over the coming months allowing AMPH to generate development fees from its boiler pipeline.
Richard Burrell, CEO of AMPH, said: "Our small scale biomass boiler business is doing well and we have a strong pipeline of installations generating development fees for AMPH. This latest tap issue by AMPIL demonstrates strong institutional demand for these assets and we expect AMPIL to make further tap issues next year."
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