Aggregated Micro Power Holdings PLC Funding - Biomass Boiler & Grid Balancing Projects (9967M)
20 October 2016 - 5:00PM
UK Regulatory
TIDMAMPH
RNS Number : 9967M
Aggregated Micro Power Holdings PLC
20 October 2016
Aggregated Micro Power Holdings plc
("AMPH", the "Company" or the "Group")
Funding for Biomass Boiler Portfolio and Grid Balancing
Projects
Aggregated Micro Power Holdings plc, (AIM: AMPH), which
specialises in the sale of wood fuels and the development of
distributed energy projects, announces that it has secured further
funding for the financing of its biomass boiler portfolio and
future grid balancing projects from Aggregated Micro Power
Infrastructure 2 plc ("AMPIL2"), a newly launched vehicle which has
raised an initial GBP10.17 million in the form of 8% loan notes,
listed on the Cayman Islands Stock Exchange.
Richard Burrell, CEO of AMPH, said:
"We are delighted to have secured further capital to support our
growing pipeline of projects. Together with the capital raised by
the first AMPIL vehicle (GBP12.4 million), AMPH now has a further
GBP10m available to support its growing portfolio of distributed
energy projects."
AMPIL2 is a special purpose vehicle which is wholly owned by Law
Debenture Intermediary Corporation plc as trustee for general
charitable purposes. AMPIL2 can issue listed loan notes on a
regular basis to fund renewable energy projects acquired from AMPH
and/or other developers.
Enquiries:
Aggregated Micro Power Holdings plc www.ampplc.co.uk
Richard Burrell, CEO Tel: 020 7382 7800
Neil Eckert, Executive Chairman
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
Notes to Editors:
About Aggregated Micro Power Holdings plc
The AMP Group was established to develop, own and operate
renewable energy generating facilities. It specialises in the sale
of Wood Fuels and in the installation of distributed energy
projects. AMP's wholly owned subsidiary Forest Fuels sells high
quality wood chip and wood pellet to end customers throughout the
UK, while its projects division installs biomass boiler and biomass
CHP systems for a wide range of applications and customers. AMP is
also active in developing projects for stand-by power generation
facilities which aim to balance the transmission grid at times of
peak demand.
This information is provided by RNS
The company news service from the London Stock Exchange
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