TIDMPPG

RNS Number : 5688L

Plutus PowerGen PLC

04 October 2016

Plutus PowerGen plc / Ticker: PPG / Index: AIM

4 October 2016

Plutus PowerGen plc ('PPG' or 'the Company')

Annual Financial Report & Notice of AGM

Plutus PowerGen announces that its Annual Financial Report for the year ended 3O April 2016 and Notice of Annual General Meeting have been posted to shareholders and both documents are available for download from the Company's website.

The Company's Annual General Meeting will be held at the offices of DMH Stallard LLP, 6 New Street Square, New Fetter Lane, London EC4A 3BF on 27 October 2016 at 11.30 am.

For further information, please visit www.plutuspowergen.com, or contact:

 
 Charles Tatnall   Plutus PowerGen Plc   Tel: +44 (0) 
                                          20 3705 8350 
----------------  --------------------  -------------- 
 Phil Stephens     Plutus PowerGen Plc   Tel: +44 (0) 
                                          20 3705 8352 
----------------  --------------------  -------------- 
 Ewan Leggat       SP Angel Corporate    Tel: +44 (0) 
                    Finance LLP           20 3470 0470 
----------------  --------------------  -------------- 
 Laura Harrison    SP Angel Corporate    Tel: +44 (0) 
                    Finance LLP           20 3470 0470 
----------------  --------------------  -------------- 
 Elisabeth         St Brides Partners    Tel: +44 (0) 
  Cowell            Ltd                   20 7236 1177 
----------------  --------------------  -------------- 
 Hugo de Salis     St Brides Partners    Tel: +44 (0) 
                    Ltd                   20 7236 1177 
----------------  --------------------  --------------

Notes to Editors

Plutus PowerGen plc is an AIM listed company focused on the development, construction and operation of flexible stand-by power generation sites in the UK. At present, the market dynamics for flexible power generation are positive as a result of the continued downward pressure on capacity available to National Grid to balance supply and demand, leading to their announcements about possible power shortages over the next few years.

Flexible Power generators such as PPG offer a viable and timely solution to the power capacity shortfall in the UK. To this end, PPG is initially focusing on delivering 200MW of capacity by the end of 2017 and currently has a project pipeline of potential development sites with 700MW of power generation capacity.

PPG has a straightforward multi-revenue stream model with large and stable counter-parties and is using project/EIS funding through SPVs to finance construction of the generation assets. This structure has the benefit of limiting dilution to plc shareholders as the assets are financed and built.

This information is provided by RNS

The company news service from the London Stock Exchange

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