APC Technology Regulatory News (APC)

30 July 2015

APC Technology Group PLC

("APC" or the "Group")

Acquisition and Trading Update

Acquisition of EEVS Insight Limited

APC Technology Group PLC (AIM: APC), the provider of technologies and services intended to help improve organisational sustainability and specialist distributor of electronic components, is pleased to report that it has completed the acquisition ("Acquisition") of Energy Efficiency Verification Specialists, EEVS Insight Ltd ("EEVS"). EEVS is the UK's leading provider of performance analysis and verification services for any sustainability project, product, service or investment in the Energy efficiency space.

The Acquisition is in line with APC's stated strategy of investing in technologies, products, services, and the teams required deliver them.

EEVS is one of the UK's foremost independent providers of performance information for the UK energy efficiency industry. The EEVS team is composed of expert energy analysts and industry specialists with a thorough understanding of how energy and resource efficiency projects affect a building's performance and behaviour. It employs a number of certified measurement and verification professionals and qualified practitioners in International Performance Measurement and Verification Protocol, the leading standard for evaluating energy and resource efficiency project performance.

APC will maintain the EEVS brand which has gained a strong reputation in the UK through offering independent energy efficiency evaluation services to the public sector, SMEs and corporates. The services provided by EEVS enable procurement decisions to be based on hard evidence gathered and presented using internationally recognised processes and the Group believes that it will benefit from the increased confidence it can give organisations who are interested in investing in low energy lighting and other energy efficiency related projects, services and products. The Group also believes it will benefit from the on-going research partnership which has been developed between EEVS, Bloomberg New Energy Finance and the UK Green Investment Bank. This partnership delivers "Energy Efficiency Trends" which has fast become the sector's leading source of market intelligence in the UK.

For the 12-month period ended 31 March 2015, EEVS recorded revenues of £546,774, a loss before taxation of £59,109 and had net assets of £111,783.

The consideration payable in respect of the EEVS Acquisition ("Consideration") will be £164,461 to be satisfied by the issue of 986,273 new ordinary shares of 2 pence each in APC ("Consideration Shares"), based on the average of the middle market quotations for an ordinary share of the Buyer as shown by the daily Official List on AIM for each of the five Business Days immediately preceding the completion date of 16.675 pence. Completion of the Acquisition is conditional on Admission taking place. The Consideration Shares are expected to be admitted to trading on the AIM market of the London Stock Exchange at 8.00 am on 31 July 2015 ("Admission"). The Consideration Shares will rank pari passu with the existing ordinary shares of 2 pence each ("Ordinary Shares") in issue.

Total Voting Rights

Following Admission, the Company's total issued share capital will comprise 91,573,948 Ordinary Shares. This number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

General Trading Update

Recent trading has been in line with market expectations. A more detailed update will be provided following the end of the current financial year which closes on 31 August 2015.

Mark Robinson, CEO of APC Technology Group, commented:

"The acquisition of EEVS Insight Limited brings significant new expertise into the Group. EEVS has good brand recognition across the UK's energy efficiency sector and we have no doubt that the services it provides will benefit Minimise's growing customer base, especially those customers looking to achieve improved energy efficiency through the implementation of third party-financed energy efficiency projects."

Enquiries:

Notes to Editors:

Since 2009 APC has been in a process of diversification. The distribution of specialist electronic components, which has represented the majority of revenues since incorporation in 1982, remains a key part of the business but the rapid growth of Minimise Energy, coupled with the creation of Minimise Finance and Minimise Solutions, the recent acquisition of Green Compliance plc and the even more recent incorporation of Minimise Generation has created a sustainability focussed business that is set to grow rapidly in the UK, North and Latin America with the potential to generate significant, profitable growth for the foreseeable future.

APC's sustainability related activities are designed to offer its clients a simple, 'one stop shop' approach to meeting their sustainability obligations. With sustainability related consulting, energy management, water management and project financing under one roof the relationships required to overcome the obstacles which have historically held up sustainability enhancing projects are being created.

APC's electronic component distribution business, trading as Advanced Power Components, sells specialist components into defence, aerospace, space, transportation medical and industrial sectors. The Group's value-add business model, centred upon the technical experience and capabilities of the Group's sales engineers, are of value to both clients and suppliers, for whom APC typically acts on an exclusive basis.