TIDMPPG

RNS Number : 6613N

Plutus PowerGen PLC

27 October 2016

Plutus PowerGen Plc / Ticker: PPG / Index: AIM

27 October 2016

Plutus PowerGen plc ('PPG' or 'the Company')

Result of AGM

Plutus PowerGen plc, the AIM listed power company focused on the development, construction and operation of flexible power projects in the UK, held its Annual General Meeting ('AGM') today where all resolutions were duly passed.

**ENDS**

For further information, please visit www.plutuspowergen.com, or contact:

 
 Charles Tatnall   Plutus PowerGen Plc   Tel: +44 (0) 
                                          20 3705 8350 
----------------  --------------------  -------------- 
 Phil Stephens     Plutus PowerGen Plc   Tel: +44 (0) 
                                          20 3705 8352 
----------------  --------------------  -------------- 
 Ewan Leggat       SP Angel Corporate    Tel: +44 (0) 
                    Finance LLP           20 3470 0470 
----------------  --------------------  -------------- 
 Laura Harrison    SP Angel Corporate    Tel: +44 (0) 
                    Finance LLP           20 3470 0470 
----------------  --------------------  -------------- 
 Elisabeth         St Brides Partners    Tel: +44 (0) 
  Cowell            Limited               20 7236 1177 
----------------  --------------------  -------------- 
 Hugo de Salis     St Brides Partners    Tel: +44 (0) 
                    Limited               20 7236 1177 
----------------  --------------------  --------------

Notes to Editors

Plutus PowerGen plc is an AIM listed company focused on the development, construction and operation of flexible stand-by power generation sites in the UK. At present, the market dynamics for flexible power generation are positive as a result of the continued downward pressure on capacity available to National Grid to balance supply and demand, leading to their announcements about possible power shortages over the next few years.

Flexible Power generators such as PPG offer a viable and timely solution to the power capacity shortfall in the UK. To this end, PPG is initially focusing on delivering 200MW of capacity by the end of 2017 and currently has a project pipeline of potential development sites with 700MW of power generation capacity.

PPG has a straightforward multi-revenue stream model with large and stable counter-parties and is using project/EIS funding through SPVs to finance construction of the generation assets. This structure has the benefit of limiting dilution to plc shareholders as the assets are financed and built.

This information is provided by RNS

The company news service from the London Stock Exchange

END

RAGAKODQQBDDOKB

(END) Dow Jones Newswires

October 27, 2016 11:30 ET (15:30 GMT)

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