RCS - AMTE Power PLC - Green Economy Mark

Amte PowerAnnouncement

17/03/2021 07:05

RNS Number : 4569S
  
AMTE Power PLC
  
17 March 2021
  
 

17 March 2021
AMTE Power plc
 
AMTE POWER PLC RECIEVES THE LONDON STOCK EXCHANGE GREEN ECONOMY MARK
 
AMTE Power plc ("AMTE Power", the "Company" and together with its subsidiary undertakings, the "Group"), a developer and manufacturer of lithium-ion battery cells for specialist markets, is pleased to announce that the Group has received the London Stock Exchange's Green Economy Mark.
This classification was created to recognise companies and investment funds listed on all segments of London Stock Exchange's Main Market and AIM that are driving the global green economy.  To qualify for the Green Economy Mark, companies and funds must derive 50% or more of their total annual revenues from products and services that contribute to the global green economy.
The underlying methodology incorporates the Green Revenues data model developed by FTSE Russell. It provides a detailed taxonomy of environmental goods, products and services, and is designed to recognise both 'pure-play' green technology companies, as well as those across all industries that make significant contributions to the transition to a sustainable, low carbon economy.
Kevin Brundish, CEO of AMTE Power said:
"We're delighted to have qualified for the Green Economy Mark from the London Stock Exchange. As a developer and manufacturer of battery cells the Green agenda is central to our business and so it's especially valuable to us that we have received this independent recognition.  We believe we are a Company capable of playing a key role in the UK's green industrial revolution as our business is focussed on decarbonising our target market sectors such as the automotive industry."
Denzil Jenkins, Interim CEO, London Stock Exchange plc said:
"Congratulations to AMTE Power plc on receiving the Green Economy Mark. There is growing investor demand for actionable climate and environment-related financial information, with global asset allocations to green and sustainable finance increasing each year. The Green Economy Mark underlines London Stock Exchange's commitment supporting issuers and investors in the transition to a greener economy."
For further information contact:



AMTE Power plc
Kevin Brundish (Chief Executive Officer)
Adam Westcott (Chief Financial Officer)
 


Tel: +44 (0)1847 867 200




WH Ireland Limited (NOMAD and Joint Broker)
Chris Fielding / Matt Chan
 


Tel: +44 (0)207 220 1666




SI Capital Limited (Joint Broker)
Nick Emerson / Nick Briers
 


Tel: +44 (0) 1483 413 500
 




Novella Communications
Tim Robertson / Fergus Young


Tel: +44 (0)203 151 7008



 

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