REG - eEnergy Group PLC - Contract with Utility Data Intelligence Limited

EenergyAnnouncement

08/12/2023 07:00

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RNS Number : 1150W  eEnergy Group PLC  08 December 2023

8 December 2023

 

eEnergy Group plc

("eEnergy" or "the Group")

 

Contract with Utility Data Intelligence Limited

Related Party Transaction

 

 

eEnergy (AIM: EAAS), the net zero energy services provider, announces that it
has entered into a new contract with Utility Data Intelligence Limited ("UDI")
for the provision of Bureau Services (the "Contract"). UDI has been a supplier
to Beond Group Limited ("Beond") (acquired by eEnergy in December 2020), since
2014 providing such services.

 

The new Contract will expand the relationship between UDI and eEnergy and has
an estimated annual value of £240,000. Under the terms of this new Contract,
UDI will provide the following services to eEnergy:

 

 -          Utility bill cost & consumption auditing;
 -          Utility cost simulation & budget management; and
 -          Utility bill issue resolution.

 

Related Party Transaction

 

Gary Worby, Non-Executive Director of eEnergy, is Executive Chairman of and a
23.5% shareholder in UDI. Entering into the Contract is deemed to constitute a
related party transaction under Rule 13 of the AIM Rules for
Companies. Accordingly, all Directors, with the exception of Gary Worby, are
considered to be independent of the Contract and consider, having consulted
with the Company's Nominated Adviser, Strand Hanson Limited, that the terms of
Contract are fair and reasonable insofar as the shareholders of eEnergy are
concerned.

 

 

 

Contacts:

 

 eEnergy Group plc                             Tel: +44 20 7078 9564
 Harvey Sinclair, Chief Executive Officer      info@eenergyplc.com (mailto:info@eenergyplc.com) ;    www.eenergyplc.com

                                             (http://www.eenergyplc.com/)
 Crispin Goldsmith, Chief Financial Officer

 Strand Hanson Limited  (Nominated Adviser)    Tel: +44 20 7409 3494
 Richard Johnson, James Harris

 Canaccord Genuity Limited  (Joint Broker)     Tel: +44 20 7523 8000
 Max Hartley, Tom Diehl (Corporate Broking)

 Turner Pope Investments (Joint Broker)        Tel: +44 20 3657 0050
 Andy Thacker, James Pope                      info@turnerpope.com (mailto:info@turnerpope.com)

 Tavistock                                     Tel: +44 207 920 3150
 Jos Simson, Simon Hudson, Katie Hopkins       eEnergy@tavistock.co.uk (mailto:eEnergy@tavistock.co.uk)

 

About eEnergy Group plc

 

eEnergy (AIM: EAAS) is a net zero energy services provider, empowering
organisations to achieve net zero by tackling energy waste and transitioning
to clean energy, without the need for upfront investment. It is making net
zero possible and profitable for all organisations in four ways:

·    Transition to the lowest cost clean energy through the Group's
digital procurement platform and energy management services. 

·    Tackle energy waste with granular data and insight on energy use and
dynamic energy management. 

·    Reduce energy use with the right energy efficiency solutions without
upfront cost. 

·    Reach net zero with onsite renewable generation and electric vehicle
(EV) charging. 

 

eEnergy is a Top 5 B2B energy company and has been awarded The Green Economy
Mark by London Stock Exchange. 

 

 

 

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