The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGood Enrg Regulatory News (GOOD)

Share Price Information for Good Enrg (GOOD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 265.00
Bid: 250.00
Ask: 260.00
Change: 11.50 (4.54%)
Spread: 10.00 (4.00%)
Open: 253.50
High: 265.00
Low: 253.00
Prev. Close: 253.50
GOOD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Good Energy launches 7.25% corporate bond

2 Oct 2013 07:00

RNS Number : 4802P
Good Energy Group PLC
02 October 2013
 



 

 

Good Energy launches 7.25% corporate bond

 

Proceeds to help fund expansion in renewable energy generation capacity

 

Good Energy Group plc ("Good Energy" or "the Group"), the AIM quoted renewable electricity supplier, announces the launch of its first corporate bond ("Good Energy Bonds").

 

· The Good Energy Bonds offer investors a coupon of 7.25% per annum, paid half-yearly

· In addition, any Good Energy customer or generator investing in the Good Energy Bonds will be paid at maturity the equivalent to 0.25% for each year of being a customer and a bondholder

· The Good Energy Bonds have an initial term of four years and are being issued by Good Energy Group

· Looking to raise £5 million through the Good Energy Bonds, up to an over-subscription maximum of £15 million

· The Good Energy Bonds also provide investors with a strong social return, as funds raised from the Good Energy Bonds will be invested directly in UK clean energy infrastructure

· Investments can be made in multiplies of £500, with no maximum

· The Good Energy Bonds are an unsecured debt of the Company

 

The launch of the Good Energy Bonds is intended to raise finance for the Group to invest in increasing its own solar and wind generation capacity. The proceeds will contribute to the Group's overall objective of developing 110MW of its own renewable energy generation capacity by 2016; targeting 50% of its customer's future electricity supplies.

 

Good Energy has over 100,000 customers and generators, and has topped the Which? Customer Satisfaction Survey for electricity suppliers for three out of the last four years. It operates a 9.2MW wind farm which provides 16% of its electricity supply, with a further 8.2MW of wind-generated power capacity under construction. The Group is also now has a wind and solar farm development portfolio in excess of 200MW.

 

In 2012 the Company reported annual revenue of £28.2m with profit before tax of £1.4m.

 

The Group is also a founding member of the Social Stock Exchange, an exchange founded for connecting Social Impact Businesses with investors looking to generate social or environmental change as well as financial returns.

 

Juliet Davenport, OBE, Founder and CEO of Good Energy commented:

 

"We are delighted to launch the Good Energy Bonds, the proceeds of which will be used to strengthen our balance sheet and to help us to accelerate the build-out of our pipeline of UK renewable energy projects. This is increasingly important as we look to meet our commitments to our rapidly expanding customer base.

 

"We believe this product provides investors and customers with the opportunity to be a part of the development of the UK's green energy market and Good Energy's expansion in particular, while also providing a yield backed by a Group which has a strong financial track record."

 

Applications for the bond are due to close on 13th November 2013.

 

For more information on the Good Energy Bonds, please see goodenergy.co.uk/bond

 

Enquiries:

For more information in relation to the Good Energy Bonds please contact:

Victoria Geoghegan T +44 20 7861 3925 M +44 7917 551155Duncan Mayall T +44 20 7861 3888 M +44 7840 560 661Elizabeth SnowT +44 20 7861 3821 M +44 7912 540 246

N+1 Singer (Nominated Adviser and Broker)

Andrew Craig / Ben Wright Tel: +44 (0) 20 7496 3000

 

 

Notes to Editors

· Good Energy Group plc is quoted on the AIM market of the London Stock Exchange. For more information please visit: www.goodenergygroup.co.uk

· Good Energy is a licensed electricity supplier. It ensures that all their electricity is 100% matched with electricity sourced from renewable energy, backed by Renewable Energy Guarantee of Origin certificates (REGOs) over the course of 12 months. To compare the fuel mix of other suppliers please visit: www.electricityinfo.org/suppliers.php

· Good Energy has over 35,000 renewable electricity customers. In 2008, Good Energy added a Gas product to its range. It now has over 12,000 gas customers.

· Good Energy provides services to a community of over 55,000 small and medium scale renewable electricity generators.

· Good Energy is the owner of Delabole Wind Farm, the UK's first commercial wind farm. It has targeted the development of 110MW of capacity of new renewable electricity generation assets by 2016.

· Good Energy is a founder member of Ethex and the Social Stock Exchange.

· Good Energy has recently won a number of awards, including:

- Good Energy has come top in the latest Which? Customer Satisfaction Survey for energy suppliers in 3 of the last 4 years.

- Good Energy won the Company of the Year Award in the British Renewable Energy Awards 2013

- In 2013, Good Energy was named best green electricity supplier by the ethical and environmental magazine, Ethical Consumer.

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUGGGWUUPWGMG
Date   Source Headline
4th Aug 20218:19 amGNWForm 8.5 (EPT/RI) - Good Energy Group plc
3rd Aug 20218:03 amRNSForm 8.5 (EPT/RI)
3rd Aug 20217:42 amGNWForm 8.5 (EPT/RI) - Good Energy Group Plc
2nd Aug 20217:53 amGNWForm 8.5 (EPT/RI) - Good Energy Group plc
2nd Aug 20217:24 amRNSForm 8.5 (EPT/RI)
30th Jul 20218:17 amGNWForm 8.5 (EPT/RI) - Good Energy Group plc
30th Jul 20218:17 amGNWForm 8.5 (EPT/RI) - Good Energy Group plc
30th Jul 20217:00 amRNSForm 8.5 (EPT/RI)
29th Jul 20217:44 amGNWForm 8.5 (EPT/RI) - Good Energy plc
29th Jul 20217:38 amRNSForm 8.5 (EPT/RI)
28th Jul 20214:25 pmRNSForm 8.3 - Amended - Good Energy Employees Benefit
28th Jul 202110:10 amRNSReplacement: Zap-Map signs up new Zap-Pay partners
28th Jul 20219:31 amRNSZap-Map signs up new Zap-Pay partners
28th Jul 20218:34 amGNWForm 8.5 (EPT/RI) - Good Energy Group Plc
28th Jul 20218:28 amRNSForm 8.5 (EPT/RI)
27th Jul 20217:50 amGNWForm 8.5 (EPT/RI) - Good Energy Group plc
27th Jul 20217:35 amRNSForm 8.5 (EPT/RI)
26th Jul 20212:15 pmRNSForm 8.3 - Good Energy Group Plc
26th Jul 20217:45 amGNWForm 8.5 (EPT/RI) - Good Energy Group plc
26th Jul 20217:24 amRNSForm 8.5 (EPT/RI)
23rd Jul 20218:49 amRNSForm 8.5 (EPT/RI)
23rd Jul 20217:00 amRNSPublic Opening Position Disclosure
23rd Jul 20216:53 amGNWForm 8.5 (EPT/RI) - Good Energy Group plc
22nd Jul 20213:58 pmRNSForm 8.3 - GOOD ENERGY GROUP PLC
22nd Jul 20212:55 pmRNSResponse to hostile bid by Ecotricity
22nd Jul 20212:34 pmGNWForm 8.3 - Good Energy Group Plc
22nd Jul 20219:25 amGNWForm 8.5 (EPT/RI) - Good Energy Group plc
22nd Jul 20217:00 amRNSCash Offer for Good Energy Group PLC
21st Jul 20217:38 amGNWForm 8.5 (EPT/RI) - Good Energy Group plc
20th Jul 20216:53 amGNWForm 8.5 (EPT/RI) - Good Energy Group plc
19th Jul 20218:57 amGNWForm 8.5 (EPT/RI) - Good Energy Group plc
16th Jul 20217:42 amGNWForm 8.5 (EPT/RI) - Good Energy Group plc
16th Jul 20217:00 amRNSNew electric vehicle time of use tariff launched
15th Jul 202110:57 amPRNForm 8.3 - Good Energy Group plc
15th Jul 20217:13 amGNWForm 8.5 (EPT/RI) - Good Energy Group plc
15th Jul 20217:02 amRNSForm 8.5 (EPT/RI)
14th Jul 202112:35 pmRNSForm 8 (OPD) - Good Energy Group plc
14th Jul 20218:48 amGNWForm 8.5 (EPT/RI) - Good Energy Group plc
14th Jul 20217:18 amRNSForm 8.5 (EPT/RI)
14th Jul 20217:00 amRNSFurther statement re rejection of possible offer
13th Jul 202112:03 pmRNSForm 8.3 - Good Energy Group plc
13th Jul 20217:49 amGNWForm 8.5 (EPT/RI) - Good Energy Group Plc
13th Jul 20217:38 amRNSForm 8.5 (EPT/RI)
12th Jul 202111:00 amRNSStatement re rejection of possible offer
12th Jul 20217:00 amRNSPossible offer for Good Energy Group PLC
30th Jun 20214:22 pmRNSResult of AGM
22nd Jun 20217:00 amRNSTrading update & pre-AGM investor event
11th Jun 20217:00 amRNSZap-Map: Apple CarPlay part of new product launch
4th Jun 20217:00 amRNSNotice of AGM and pre-AGM investor event
25th May 20217:00 amRNSSignificant repayment of second Good Energy Bond

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.