Good Energy Group set to move to AIM

Thursday, 12th July 2012

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The Chippenham-based business has now submitted its pre-admission announcement to the London Stock Exchange, after announcing it plans to move to AIM following its AGM.

The business said: “The group has been traded on Plus since 2004 and trading in the group’s shares and interest from institutional shareholders has been low.

“The directors now believe it is an appropriate time for the group to seek admission to AIM, with its concurrent withdrawal from Plus Markets, as part of the continued development of the group and the board’s belief of the increasing need to seek access to institutional investors to help continue the growth of the group as the UK’s only 100 per cent renewable electricity supplier.

“The directors also believe that admission to AIM will improve liquidity in the group’s ordinary shares and enhance the status of the company’s brand and market recognition.”

Good Energy Group was founded in 2000 and has about 30,000 electricity customers and 6,700 gas customers. It also owns a wind farm in Delabole.

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