REG - Good Energy Group - Response to lapse of hostile offer

Good EnergyAnnouncement

08/10/2021 17:05

RNS Number : 5623O
  
Good Energy Group PLC
  
08 October 2021
  
 

FOR IMMEDIATE RELEASE
 
Good Energy Group PLC
 
("Good Energy" or "the Company")
 
Response to lapse of hostile offer by Ecotricity Group Limited ("Ecotricity")
 
The Board of Good Energy (AIM: GOOD) acknowledges the lapse of Ecotricity's hostile offer.
 
The Board wishes to thank Good Energy shareholders for their support and looks forward to delivering on the strategy outlined in the offer response.
 
Will Whitehorn, Chair of Good Energy, said:
 
"In the current turbulence of the wider energy market caused largely by fossil fuel prices and scarcity, the Company's strategy for digitised, localised clean energy and electric vehicle services is more relevant and more urgently needed than ever.
 
"We consider the rejection of the hostile offer a resounding endorsement of that from shareholders and are now fully focussed on delivering our vision with their backing."
 
Enquiries
 



Good Energy Group PLC
Nigel Pocklington, Chief Executive
Charlie Parry, Head of Investor Relations & CoSec


Email: press@goodenergy.co.uk
 




 


 




SEC Newgate UK


Email: GoodEnergy@secnewgate.co.uk




Andrew Adie


Tel: +44 (0)7970 256512




Emma Kane


Tel: +44 (0)7876 338339




 


 




Investec Bank plc (Nominated Adviser and Joint Broker)


 




Sara Hale
Jeremy Ellis


Tel: +44 (0) 20 7597 5970




 


 




Canaccord Genuity Limited (Joint Broker)
Henry Fitzgerald - O'Connor


 
Tel: +44 (0) 20 7523 4617



 
 
About Good Energy www.goodenergy.co.uk
 
Good Energy is a generator and supplier of 100% renewable power and an innovator in energy services. It currently owns two wind farms, six solar farms and sources electricity from a community of 1,600 independent UK generators.
 
Since it was founded 20 years ago, the company has been at the forefront of the charge towards a cleaner, distributed energy system. Its mission is to support UK households and businesses generate, store and share clean power.
 
Good Energy is recognised as a leader in this market, through our green kite accreditation with the London Stock Exchange and as the only energy supplier with Gold Standard Uswitch Green Tariff Accreditation for all tariffs.

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