Last checked at 23 Sep 2021 16:30
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
FOR IMMEDIATE RELEASE
Good Energy Group PLC
("Good Energy" or "the Company")
Publication of Second Response Circular - reject the hostile Revised Offer
The Board of Good Energy (AIM: GOOD), the 100% renewable electricity supplier and innovative energy services provider, announces that it is today publishing a response circular (the "Second Response Circular") in relation to the hostile revised offer of 400 pence per share for the entire issued and to be issued share capital of Good Energy not already owned by Ecotricity which was announced by Ecotricity on 16 September 2021 (the "Revised Offer").
Shareholders should reject the Revised Offer by taking no action.
The Second Response Circular can be found on the Company's website at: https://group.goodenergy.co.uk/investor-centre/Offer-for-Good-Energy/default.aspx.
Enquiries
Good Energy Group PLC Nigel Pocklington, Chief Executive Charlie Parry, Head of Investor Relations & CoSec | Email: press@goodenergy.co.uk
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SEC Newgate UK | Email: GoodEnergy@secnewgate.co.uk |
Elisabeth Cowell | Tel: +44 (0)7900 248213 |
Emma Kane | Tel: +44 (0)7876 338339 |
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Investec Bank plc (Nominated Adviser and Joint Broker) |
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Sara Hale / Jeremy Ellis | Tel: +44 (0) 20 7597 5970 |
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Canaccord Genuity Limited (Joint Broker) Henry Fitzgerald - O'Connor |
Tel: +44 (0) 20 7523 4617 |
Investec Bank plc, which is authorised by the Prudential Regulation Authority and regulated by the FCA and the Prudential Regulation Authority, is acting as financial adviser to Good Energy and for no one else in connection with the Offer or other matters referred to herein and will not be responsible to anyone other than Good Energy for providing the protections afforded to its clients nor for providing advice in relation to the Offer or any other matters set out herein.
Canaccord Genuity Limited, which is authorised and regulated in the United Kingdom by the FCA, is acting exclusively for Good Energy and no one else in connection with the matters set out in this announcement and will not be responsible to anyone other than Good Energy for providing the protections afforded to clients of Canaccord Genuity Limited nor for providing advice in relation to the matters set out in this announcement.
This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to this announcement or otherwise.
The release, distribution or publication of this announcement in jurisdictions other than the United Kingdom and the availability of any offer to shareholders of Good Energy who are not resident in the United Kingdom may be affected by the laws of relevant jurisdictions. Therefore, any persons who are subject to the laws of any jurisdiction other than the United Kingdom or shareholders of Good Energy who are not resident in the United Kingdom will need to inform themselves about, and observe any applicable requirements. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.
Rule 26.1 disclosure
In accordance with Rule 26.1 of the Takeover Code, a copy of this announcement will be available (subject to certain restrictions relating to persons resident in restricted jurisdictions) at https://group.goodenergy.co.uk/investor-centre/Offer-for-Good-Energy/default.aspx by no later than 12 noon (London time) on the business day following the date of this announcement. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.