9th May 2019 14:17
LONDON (Alliance News) - Aggregated Micro Power Holdings PLC said Thursday it has secured a further GBP15 million in funding for its clean energy projects through the issue of loan notes.
AMP raised GBP15.1 million through its Aggregated Micro Power Infrastructure 2 PLC subsidiary on Wednesday in the form of 8% loan notes, listed on the Cayman Island Stock Exchange. This take total loan notes in issue to GBP67 million.
The additional funds will help the firm "further diversify and grow its clean energy portfolio and AMP will benefit from generating development fees from its projects pipeline", AMP explained in a statement.
AMP Chief Executive Officer Richard Burrell explained this was "another milestone" for the firm.
"The projects division has been performing ahead of expectations and securing further funding for AMP's 2019 development pipeline underpins this progress," Burrell added.
Shares in AMP were untraded on Thursday, last traded at 74.00 pence.
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