Good Energy

Canaccord Genuity acts as Sole Rule 3 Adviser & Financial Adviser, to Good Energy Group plc on its recommended all-cash acquisition by Esyasoft Investment Holding RSC Limited

Canaccord Genuity is pleased to announce it is acting as Sole Rule 3 Adviser & Financial Adviser, Nominated Adviser & Broker to Good Energy Group plc (“Good Energy” or the “Company”) on its £99.4 million recommended acquisition by Esyasoft Investment Holding RSC Limited.

The Cash Consideration represents a premium of approximately 66% to the closing price of 295p per Good Energy share on 25 October 2024 (being the last trading day before the commencement of the offer period); 81% to the one-month VWAP and 87% to the six-month VWAP.

Good Energy is a supplier of 100% renewable power and an innovator in energy services. It has long term power purchase agreements with a community of more than 2,500 independent UK generators. Since it was founded 25 years ago, the Company has been at the forefront of the charge towards a cleaner, distributed energy system. Its mission is to power a cleaner, greener world and make it simple to generate, share, store, use and travel by clean power. Its ambition is to support one million homes and businesses to cut carbon from their energy and transport use by 2025.

Canaccord Genuity was appointed as Joint Broker to Good Energy in November 2020, and subsequently appointed as Nominated Adviser in September 2024.

The transaction is subject to a number of conditions precedent, including approval by the shareholders of Good Energy at the Court and General meetings.