LONDON, October 15, 2018 /PRNewswire/ --
Sunlight Technology PLC, a domestic solar and green energy company is pleased to announce that its shares have been admitted to trading on J P Jenkins. Sunlight has financed the installation of over 2,700 solar installations on houses across the UK and collects the feed-in-tariff (FIT) scheme for these systems giving it a government-backed income stream typically for 20 years from the date of registration with OFGEM. All these households have green energy free at the point of use and investors in Sunlight benefit from RPI-linked returns under the FIT scheme.
The company has paid out dividends to shareholders for the last two years and will pay a final dividend of 4p per share on 17th December 2018 to shareholders on the register of members as at 30th November. This dividend is in addition to an interim dividend of 2p that was paid out in June. The board intends to again target a dividend of 6p per share next year.
Sunlight already has a long term loan from Lombard and is seeking further funding to expand the business into the installation and management of air source heat pumps and battery storage, domestic heating and storage technologies which complement our existing business.
The share price of Sunlight Technology on http://www.jpjenkins.com is £1.39 valuing the company at £8.82m.
The CEO of Sunlight Technology David Gammond said, "Joining J P Jenkins will allow a market for our shares to develop and give the company the opportunity to reach new investors to drive growth and increase profitability."
Sunlight Technology, David Gammond, firstname.lastname@example.org
J P Jenkins, Veronika Oswald, email@example.com
SOURCE J P Jenkins