Good Energy Bonds
Information for Good Energy bond holders.
Good Energy Bond ii
70% of Good Energy Bonds ii was repaid in June 2021.
What your bond has achieved so far:
Good Energy Bonds ii allowed us to invest in our transition to energy services, including:
- Our acquisitions of four solar installation companies and one heat pump company, enabling domestic and commercial installations in the UK” Remove “Mobility-as-a-service– our partnerships and solutions which support the electrification of transport for businesses and consumers
- The implementation and roll-out of our Kraken customer technology platform
- Our smart meter roll-out
- Mobility-as-a-service – our partnerships and solutions which support the electrification of transport for businesses and consumers
- Strategic investment in Zap-Map
- The implementation of our business billing platform Ensek.
Current status
In June 2021 Good Energy repaid 70% of the bond after achieving many of the objectives which the bond was raised to support.
Good Energy Bond ii rolls annually. If you would like to redeem your bond, you must complete the notice of redemption on the back of your bond certificate and send it Good Energy at least six months before 30 June each year i.e before 30 December the previous year.
See below for key terms and visit our FAQs page for more information.
Good Energy Bonds ii Key Terms & Conditions
Interest: 4.75% effective gross interest per annum payable semi-annually.
Customer Bonus Interest: 0.25% per annum for Good Energy customers payable at maturity. This additional annual interest payment is available to any Bondholder who is our customer on 1 January for the relevant year.
Maturity: 4 year term, rolling annually thereafter unless redeemed. Good Energy Bonds II may be redeemed by a bondholder completing and returning the notice of redemption (on the reverse of the bond certificate) six months before the fourth anniversary (or any subsequent anniversary). Good Energy may choose to repay some or all of Good Energy Bonds II at any time.
Transferability: Non-transferable.
Security: Unsecured.
General investor FAQs
Computershare Investor Services plc manages the administration for Good Energy shares and bonds.
We encourage our investors to register for the bank transfer method of payment to help improve efficiency and reduce costs for issuing cheques. You can update your payment method and/or your address:
- Online – through our online service managed by our registrar, Computershare at www.investorcentre.co.uk. If you have not used the investor centre before you will need to register, in order to do this you will need your Holder Reference Number(s), this begins with the letter ‘C’ and is followed by 10 digits. You will also need your postcode.
- Phone – if you would like to speak to Computershare directly you can contact them on 0370 707 1154.
- Post – Computershare Investor Services PLC, The Pavilions, Bridgwater Road, Bristol BS99 6ZZ
- Online – through our online service managed by our registrar, Computershare at www.investorcentre.co.uk. If you have not used the investor centre before you will need to register, in order to do this you will need your Holder Reference Number(s), this begins with the letter ‘C’ and is followed by 10 digits. You will also need your postcode.
- Phone – if you would like to speak to Computershare directly you can contact them on 0370 707 1154.
- Post – Computershare Investor Services PLC, The Pavilions, Bridgwater Road, Bristol BS99 6ZZ
We have a lot of customer investors at Good Energy. You can switch your home to our 100% renewable electricity here.
Good Energy Bonds
Good Energy Bonds II: 4.75% per annum payable in January and July each year.
Customer bonus interest will accrue at 0.25% per annum for each Bond year that you are a customer on 1 January, up to and including the Bond year in which Good Energy Bonds is repaid or redeemed.
Customer bonus is payable when Good Energy Bonds II are repaid or redeemed.
As a Good Energy customer bondholder you are entitled to receive an additional 0.25% per annum interest payment on maturity of the bonds for any year in which you are one of our valued customers on 1st January for the relevant year, whether you buy your energy from us or are a generator supported by us.
The good news is that it doesn’t have to be the bondholder who necessarily pays the bill – we have extended it so that you are entitled to the interest even if someone else in your household is the customer. You can let us know the Good Energy customer account number and name of the account holder by contacting us at bond.support@goodenergy.co.uk.
If you have lost your bond certificate, a replacement can be obtained through the completion and return of an Indemnity for the lost certificate. In most instances it is usual for an administration fee to be charged for the production of an Indemnity. Original certificates are cancelled when an Indemnity is raised to cover the risks associated with their loss so please ensure that you are certain that the certificate has been lost.
Please contact us at bond.support@goodenergy.co.uk if you would like us to request our Registrar, Computershare, send you a Letter of Indemnity. In order to issue a new certificate you will need to complete, sign and send this back to Computershare.
Alternatively they can be contacted on 0370 707 1154.
Good Energy makes interest payments on bonds net of a withholding tax at the basic rate of income tax, currently 20%. This is outlined in the terms and conditions of the Good Energy Bonds Invitation documents. Good Energy is required to make payments to every individual bondholder consistently in accordance with the terms and conditions. We regret that Good Energy cannot vary this on an individual basis.
Good Energy pays interest net of this withholding tax to Good Energy Bonds bondholders six monthly (within 15 business days of the interest payment date). The withheld tax on bond interest payments are paid to HMRC after each quarter end. HMRC should be able to answer any further questions you have relating to your personal tax reclaim and we encourage you speak with them to discuss your individual situation.
You can redeem your Bonds on the Repayment Date by providing at least six months’ notice before the Repayment Date.
Please return your completed notice of redemption, which can be located on the reverse of your bond certificate to:
Good Energy Group plc
FAO the Company Secretary
Monkton Park Offices
Monkton Hill
Chippenham
SN15 1GH
You can download the tax vouchers online at www.investorcentre.co.uk this will avoid incurring a charge.
If you have not used the investor centre before you will need to register, in order to do this you will need your Holder Reference Number, this begins with the letter ‘C’ and is followed by 10 digits. You will also need your postcode.
Or alternatively, if you would like to speak to Computershare directly you can contact them on 0370 707 1154.
For all other queries, please contact bond.support@goodenergy.co.uk
If you would like to request redemption of your bond, please send in your notice of redemption as described above under ‘How do I redeem my bonds’.