eEnergy Group (EAAS)

Sector:

Mining

Index:

FTSE AIM All-Share

6.70p
   
  • Change Today:
    -0.100p
  • 52 Week High: 7.90
  • 52 Week Low: 3.33
  • Currency: UK Pounds
  • Shares Issued: 352.15m
  • Volume: 1,956,039
  • Market Cap: £23.59m
  • RiskGrade: 421

eEnergy refinances all its facilities for 'significantly lower' cost

By Josh White

Date: Friday 18 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Energy efficiency and management service provider eEnergy has entered into a new revolving credit facility with Silicon Valley Bank, it announced on Friday, replacing all of its existing borrowing facilities.
The AIM-traded firm said Silicon Valley Bank was providing a facility of £5m over three years, with potential for additional capital facilities as eEnergy delivered on its growth plans.

eEnergy said it refinanced £3.1m of its existing borrowings, and expected to draw down a further £1m to cover part of the deferred consideration payable to the vendors of UtilityTeam.

The board said the new facility would give the company "enhanced liquidity", more flexible financing, and a "strong partner" to support its growth strategy.

While the blended cost of the finance would be "significantly lower" than the refinanced facilities, the board said its earnings expectations remained unchanged for the current financial year.

"This transaction with a top-tier growth investor demonstrates the strength of eEnergy's proposition," said chief executive officer Harvey Sinclair.

"We are delighted to be partnering with Silicon Valley Bank to continue to execute eEnergy's growth vision and strategy."

At 1337 GMT, shares in eEnergy were down 2.98% at 12.1p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

eEnergy Group Market Data

Currency UK Pounds
Share Price 6.70p
Change Today -0.100p
% Change -1.47 %
52 Week High 7.90
52 Week Low 3.33
Volume 1,956,039
Shares Issued 352.15m
Market Cap £23.59m
RiskGrade 421

eEnergy Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
26.06% below the market average26.06% below the market average26.06% below the market average26.06% below the market average26.06% below the market average
32.82% below the sector average32.82% below the sector average32.82% below the sector average32.82% below the sector average32.82% below the sector average
Price Trend
51.66% above the market average51.66% above the market average51.66% above the market average51.66% above the market average51.66% above the market average
72.03% above the sector average72.03% above the sector average72.03% above the sector average72.03% above the sector average72.03% above the sector average
Income Not Available
Growth
49.26% above the market average49.26% above the market average49.26% above the market average49.26% above the market average49.26% above the market average
56.25% above the sector average56.25% above the sector average56.25% above the sector average56.25% above the sector average56.25% above the sector average

eEnergy Group Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 55,000 @ 6.70p
16:35 5,000 @ 6.70p
16:35 1 @ 6.70p
16:35 49,999 @ 6.70p
16:29 2,840 @ 6.73p

eEnergy Group Key Personnel

CEO Harvey I Sinclair
CFO Crispin Goldsmith

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