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Aggregated Micro Power Holdings due for cash boost after theft discovery

An employee, now dismissed, has been caught stealing from the wood feed stock supply of biomass energy generation firm Aggregated Micro Power Holdings (LON:AMPH).

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An employee, now dismissed, has been caught stealing from the wood feed stock supply of biomass energy generation firm Aggregated Micro Power Holdings (LON:AMPH).

The culprit, whose name has been passed on to the authorities, has agreed to recompense the company and this should result in a cash repayment to the group this year and a small positive re-statement of accounts dating back to 2012.

“This matter is isolated to a single employee and does not affect any customers or suppliers,” the company said.

Shares rose 2.5p to 100p on the news.

Quick facts: Aggregated Micro Power Holdings PLC

Price: 73 GBX

AIM:AMPH
Market: AIM
Market Cap: £46.28 m
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