Aggregated Micro Power Holdings PLC Proposed Capital Reduction and Result of EGM (6000K)
11 April 2018 - 9:45PM
UK Regulatory
TIDMAMPH
RNS Number : 6000K
Aggregated Micro Power Holdings PLC
11 April 2018
Aggregated Micro Power Holdings plc
("AMP", the "Company" or the "Group")
Proposed Capital Reduction
Result of General Meeting
Aggregated Micro Power Holdings plc (AIM: AMPH), the specialist
aggregator of distributed heat and power and renewable fuels,
announces that the Resolution seeking Shareholder approval of the
proposed reduction in the capital of the Company (the "Capital
Reduction") was passed at the General Meeting held earlier
today.
The Capital Reduction, as described in the Circular that was
sent to shareholders on 16 March 2018 and which is available at the
Company's website (www.ampplc.co.uk), remains subject to the
Court's approval and an application will now be made to the Court
in this regard.
A further announcement will be issued in due course.
The purpose of the Capital Reduction is to create distributable
reserves, which will allow the Company to make dividend payments at
an appropriate time in the future.
Capitalised terms used herein but not defined have the same
meanings as set out in the Circular.
Enquiries:
Aggregated Micro Power Holdings plc Tel: 020 7382 7800
Neil Eckert, Executive Chairman
Richard Burrell, CEO
Helene Crook, Investor Relations
finnCap Ltd (NOMAD & Broker) Tel: 020 7220 0500
Ed Frisby/Simon Hicks (corporate finance)
Stephen Norcross/Sultan Awan (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
which aim to balance the transmission grid at times of peak
demand.
www.ampplc.co.uk
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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