Aggregated Micro Power Holdings plc (AIM:AMPH) agreed to acquire Billington Bioenergy Ltd. from Drax Group plc (LSE:DRX) for £2 million on October 25, 2017. According to the terms of the transaction, consideration of £2 million comprising of £1.6 million through the issuance of new ordinary shares and £0.4 million in cash. In the year ended December 31, 2016, Billingtons had unaudited revenues of £6.8 million. Completion of the acquisition conditional upon admission of 1.62 million ordinary shares of AMP to be issued to Drax in connection with the acquisition being admitted to trading on AIM ("Admission"). AMP will apply to the London Stock Exchange for the admission of such ordinary shares. it is expected that admission will become effective and trading will commence in the new ordinary shares on October 31, 2017.

Ed Frisby and Simon Hicks from corporate finance, while Stephen Norcross and Sultan Awan from corporate broking of FinnCap Ltd. acted as financial advisors of Aggregated Micro. Peter Rigby and Brian Norris of Haggie Partners acted as PR advisors of Aggregated Micro.