Keep an eye out for this floating next month I believe. It could be another corker like WNG Worthington Nicholls. Sure to go off strong and its floating on the main market. Gordon Brown virtually handed it a golden handshake yesterday with his budget speech. Grants to be extended to more pensioners and others and grant limit raised. Dont miss it.

WEB SITE

http://www.eaga.com/index.htm

http://www.zeneagasolar.co.uk/default.aspx

Heres the first details..

EAGA PLC
08 February 2007




8th February, 2007



eaga plc

INTENTION TO SEEK ADMISSION TO TRADING ON

THE OFFICIAL LIST OF THE LONDON STOCK EXCHANGE



eaga (the Company), the UK market leader in the delivery of residential energy
efficiency solutions, today announces its intention to seek admission to trading
on the main market of the London Stock Exchange in 2007.

eaga has a proven track record in delivering outsourced programmes aimed at
eradicating fuel poverty in vulnerable households. In recent years eaga has
diversified its offering to become a significant provider of household energy
efficiency measures under the Energy Efficiency Commitment (EEC), and is a
significant player in the local authority and social housing sector. eaga has
developed a scalable infrastructure upon which it intends to capitalise on the
substantial opportunities that management expects to exist in government and
outsourcing, domestic energy efficiency, and social housing markets going
forward.

Brewin Dolphin Securities has been appointed as Sponsor and Broker to the
Company. The flotation is intended to be achieved by means of placing of shares
to institutional investors.

eaga has delivered energy efficiency measures to over 5 million UK homes, lifted
several million vulnerable people out of fuel poverty. Every day eaga improves
insulation in over 500 homes. The company also fits or repairs a central heating
system every minute of every working day.

Management, led by Chief Executive John Clough, has an excellent track record
which has seen revenues increase from inception in 1990 to a current year
forecast of 500m. Excellent profit growth and cash generation has enabled eaga
to achieve impressive organic growth. In recent years this has been supplemented
by key acquisitions that have increased eaga's delivery capability, broadened
its market exposure, and further enhanced eaga's profitability.

Commenting on the announcement, John Clough, Chief Executive, said:

'We are pleased to announce the intended flotation of eaga. Over the last
sixteen years we have built a very successful business and are now the UK's
largest provider of residential energy efficiency solutions. We have been
providing end-to-end solutions to serious environmental and social issues such
as the elimination of fuel poverty for many years. We are now an emerging force
in providing solutions to climate change challenges. The proposed flotation will
provide the company with the financial flexibility required to fund the next
phase of growth. It will also enable some of the existing shareholders
(principally the Employee Benefit Trust) to realise a proportion of their
respective investments.'

eaga's future revenue prospects are strongly supported by the Government's
environmental, energy and social policy commitments. eaga plans to extend its
services to become a leading residential infrastructure service provider by
broadening its local authority and social housing offering, extending its
aftercare services and able to pay central heating offering and capturing
further government and outsourcing delivery opportunities.

Enquiries:
eaga
John Clough, eaga Chief Executive 0191 350 6531

James Grugeon, eaga Communications Director


Brewin Dolphin Securities

Graeme Summers 0191 279 7531

Andrew Kitchingman 0113 241 0187




Tulchan Communications 020 7353 4200

Dominic Fry






Notes to editors:

1. Introduction

eaga is a UK market leader in the delivery of residential improvements in the
environmental, energy efficiency and social justice arenas. eaga's core focus
is working with government, local authorities and utility companies to lower
carbon emissions, combat fuel poverty and reduce energy consumption. The work
undertaken is principally focussed on the housing and social needs of low income
and vulnerable households.

eaga is based on a partnership structure and is 100% employee owned by two
employee trusts (eaga has two Employee Benefits Trusts (EBT) which sit at the
head of the employee owned partnership, holding shares in trust for the benefit
of all partners). The company has grown rapidly in recent years, building strong
relationships with its customers by:

developing a leading position as a significant deliverer of UK
governments' fuel poverty programmes, underpinned by over 15 years'
experience of dealing with the most vulnerable groups in society;

working closely with utility companies to support delivery of their
Energy Efficiency Commitment (under the Energy Efficiency Commitment
electricity and gas suppliers are required to achieve targets for the
promotion of improvements in domestic energy efficiency);and

undertaking key strategic actions to broaden activities throughout the
energy efficiency and home services supply chain, further embedding eaga
as an integrated supplier in its chosen markets, in particular the
social housing sector.

eaga's portfolio of products and services covers the provision of energy surveys
and advice, allocation and administration of energy efficiency funding,
installation of central heating systems, cavity wall and loft insulation,
renewable energy and a number of other ancillary products and services,
including insurance-backed aftercare provision.









2. Key Strengths

The Directors believe that eaga is in an excellent position to pursue the
significant opportunities developing in the environmental, energy efficiency and
social justice arenas, principally due to the following:

eaga has a strong and trusted reputation in both the public and
private sectors as an established and successful operator;

eaga is led by a highly experienced management team;

eaga has a strong visibility of earnings, with an order book currently
standing at 1.5 billion, arising from a number of significant
contracts in both the fuel poverty and social housing sectors;

eaga's leading position in a largely fragmented installation
marketplace makes the Company well-positioned to take advantage of
attractive consolidation opportunities;

eaga's national delivery infrastructure is well established and
provides a barrier to potential new market entrants;

over 7.2 million has been invested in developing eaga's industry
leading IT systems and infrastructure over the last 2 years. This IT
platform has not only provided the business with scalability it has
also been recognised by the National Audit Office as an example of best
practice and would therefore allow scope for diversification into
new business areas; and

eaga has a strong financial track record of growth with excellent
profits and significant cash generation.

3. Proposed Placing

The proposed placing will raise proceeds on behalf of existing shareholders,
principally the Employee Benefit Trusts.

4. History

eaga was established in 1990 as a privately-owned company, the Energy Action
Grants Agency Limited, to lead Government funded efforts to improve the living
conditions of vulnerable people living in cold, damp and energy inefficient
homes. John Clough has been Chief Executive of eaga since 1990.

Until 2004, the business developed largely organically through focus on market
penetration and diversification as new market opportunities were identified.
Late 2004 and early 2005 saw a change in the development of eaga, marked in
particular by the successful re-tender for Warm Front. This was followed by the
acquisition in April 2005 of Mico Group, a leading insulation services provider,
which complemented eaga's existing business, enabling it to become integrated
into the supply chain and gain a foothold in the EEC market as a leading UK
installer of residential insulation products.

The business continued to expand and in May 2006 acquired Everwarm Group,
Scotland's largest installer of domestic insulation and an installer of central
heating systems.

eaga started a pilot scheme in 2003 to develop an in-house central heating
installation business, which was further developed to deliver heating systems
under the most recent Warm Front contract from early 2005. Since the beginning
of 2005, eaga has developed its central heating installation capacity
organically from a zero base to around 300 installation engineers generating
turnover of approximately 36 million.

In December 2006, eaga sought to build on its internal skills base and build its
position as a major player in the social housing heating sector through the
acquisitions of; White Horse Group, whose major trading arm is HEAT, and of JD
Heating. HEAT specialises in the design, installation and maintenance of
domestic central heating in the social housing market sector within Great
Britain, Northern Ireland and the Republic of Ireland. JD Heating specialises
in servicing and installing domestic central heating systems in the West
Midlands. These two acquisitions together have doubled the size of eaga's
heating operation.

In addition to these key strategic acquisitions, eaga has also completed a
number of smaller complementary acquisitions and strategic alliances with the
aim of driving profitability and further strengthening market position. This has
included the acquisition in November 2005 of an insurance intermediary business
authorised by the Financial Services Authority.

It is intended in due course that the Company will review its brand strategy
across the UK with a view to streamlining the range of identities under which it
currently trades.

eaga is now structured into three core sectors, Government Contracts,
Installation Services and Specialist Support Services, comprising six divisions:
Government Contracts, Heating, Home Services, Specialist Business Services,
Shared Services and Insurance.

5. Board of Directors

Executive Directors

John Clough MBE, Chief Executive (aged 47)

John has been Chief Executive of eaga since the business was established in 1990
having previously worked in strategic management positions with British Coal.
Under his direction, the Company has grown to become a leader in providing
services to environmental, energy efficiency and social justice challenges.
eaga has become a trusted supply partner to local and national governments and
energy utilities throughout the UK.

John has led the strategic development of eaga, broadening its core service and
installation offerings, transforming its financial performance and provoking
significant sustainable growth in both the public and private sectors. John's
vision has led to a culture which engages with its employees and drives
performance and service commitment. He is a member of the government's 'Fuel
Poverty Advisory Group', the CBI's national 'Public Service Strategy Board', the
Government's panel on 'Transformational Government for Older People' and a
founder trustee of the independent eaga Charitable Trust.

Ian McLeod, Finance Director (aged 38)

Ian joined eaga in 2004, joining the Board in early 2005. He is responsible for
all aspects of financial management and reporting across eaga and works closely
with Drew Johnson in delivering eaga's inorganic growth strategy.

Ian spent 14 years with PricewaterhouseCoopers prior to joining eaga, during
which time he gained extensive experience in advising many different companies
across a broad range of market sectors. Latterly during his career with
PricewaterhouseCoopers, Ian supported blue chip organisations in undertaking
complex M&A transactions, working closely with a major plc in effecting
inorganic restructuring of its retail arm from 2002 onwards.

Drew Johnson, Commercial Director (aged 47)

Drew joined eaga in 1991, having previously been with British Coal in supply
chain management and logistics. He was appointed to eaga's Board in 1999 and
has subsequently held a number of executive positions in operations and in
business and commercial development.

Drew has responsibility for eaga's commercial strategy, focussing on the
identification, development and delivery of opportunities for both organic and
inorganic growth. He has been instrumental in diversifying eaga's operations
and transforming profitability.



Dave Routledge, Organisational Development Director (aged 47)

Dave joined eaga in 2002 and was appointed to the Board in 2004. He is
responsible for strategic organisational development, HR, IT, service
excellence, corporate and government affairs.

Prior to joining eaga, Dave acquired his own strategic consultancy business
working with blue chip clients. In that capacity, Dave worked as advisor to the
eaga Board and developed the strategy for corporate restructure.

Dave previously held main Board level responsibilities for human resources and
operations within the pharmaceutical sector. He has experience of company
restructuring in the UK, USA and Europe and was part of a management buy-out
team backed by HSBC (Montague Private Equity). He then worked with Credit
Suisse First Boston to deliver the successful IPO of the business on NASDAQ .

Non Executive Directors

Charles Berry, Non Executive Chairman (aged 54)

Charles joined eaga's Board in 2005 as a Non Executive Director and was
appointed Chairman in June 2006. He is also Chairman of the Nomination
Committee.

He has extensive experience within the UK power sector; he was appointed to the
Board of Scottish Power in 1999 and was Chief Executive of the company's UK
operations with responsibility for power generation as well as trading business,
energy retailing and strategic transactions such as renewables and development.
Charles is currently a Non Executive Director of Securities Trust of Scotland
plc and Drax Group plc.

Prior to joining Scottish Power, he was Group Development Director of Norwest
Holst, a subsidiary of Compagnie Generale des Eaux, and has held executive
management positions with responsibility for technical, business development and
marketing within subsidiaries of Pilkington plc.

Michael Roberts OBE, Non Executive Director and Deputy Chairman (aged 69)

Michael joined eaga's Board in 1999 as a Non Executive Director, and served as
Chairman until 2006 becoming Deputy Chairman in June 2006.

Michael is a past president of the Institute of Energy and is both well known
and respected in the energy efficiency world. Michael has broad ranging senior
executive experience, having served in PA Consulting and Shell.

Michael runs his own energy management consultancy business and has particular
experience in setting up energy management services for the government estate,
local authorities, public service bodies and private sector companies.

During the period of Michael's chairmanship, he has overseen the transition of
eaga in terms of growth of revenue, people and profits. Michael chairs the
Remuneration Committee and also sits on the Audit Committee.

Richard Burns, Senior Independent Non Executive Director (aged 48)

Richard is senior partner in the corporate practice of international law firm,
Hammonds. During his 25 years with the firm, he has developed particular
expertise advising on national and international mergers and acquisitions,
flotations and the raising of equity finance. Within Hammonds, Richard has
responsibility for the firm's corporate governance practice globally and has
advised companies and addressed conferences on the various codes of governance
which apply in the UK, Europe and in the US.

Richard is Senior Independent Non Executive Director and sits on the Audit
Committee, the Remuneration Committee and the Nomination Committee.



Quintin Oliver, Non Executive Director (aged 50)

Quintin lives and works in Belfast, Northern Ireland. He leads Stratagem, the
first dedicated lobbying and public affairs company to emerge after the peace
process development around Good Friday 1998; he ran the successful cross-party '
YES' Campaign for the subsequent referendum.

Quintin has worked in the public sector (as Welfare Rights Adviser to
Strathclyde Regional Council, 1977-1984), in the voluntary sector (as CEO of the
N. Ireland Council for Voluntary Action, 1985-1998) and now in the private
sector leading Strategem. He has wide European experience (founder of the
European, Youth Forum, 1976 and first President of the European Anti-Poverty
Network, 1991-1995). He is also experienced in the development of social
inclusion policies, and works extensively on the Middle East peace process.

Quintin is a member of the Remuneration and Nomination Committees.

Malcolm Simpson, Non Executive Director (aged 65)

Malcolm joined Greggs plc in 1973, becoming Finance Director in 1975. In this
capacity, Malcolm oversaw a period of strong growth as the company expanded both
organically and by acquisition and achieved flotation on the London Stock
Exchange. Malcolm was also responsible for the company's compliance with
corporate governance regulations and risk management. Prior to joining Greggs,
Malcolm trained as a chartered accountant with Peat Marwick Mitchell and spent
time at Procter and Gamble. Malcolm handed over the finance role in 2006 and is
currently Executive Director with responsibility for IT.

Malcolm is Chairman of the Audit Committee.

Float of the year - huh! - this was obviously overpriced at floatation ( about the start of 2007 ), ansd just where is this company adding value?
Of course it isn't - it shifts grant from Government to low-income pensioners - note that's NOT low-income families....the way I read it.

The clue was in the Prospectus, that the employees' investment scheme wanted out! Normally they would be investing at floatation time, having maybe a small discount, then a lock-in clause and with the business doing well would reward them and Retail Investors ( ie Us!).

I don't believe this business adds any value - it is a scheme to launder Public Money - OK that may be a bit strong, but they won't install insulation or central heating for free - they will want a profit and the risk is that they will employ the cheapest contractor, who in turn owes no contractural duty to the pensioner - so all manner of "short-cuts" can be perpetuated, also with the knowlesdge they may not live until the G'tee runs out ( or is that "luck"?). It would be far better for Government to offer a direct contract, avoiding this "middleman" business.

Furthermore I'm not sure that "central heating" is really the way we should be going - since heat-loss ( and therefore carbon), is a function of surface area and temperature difference. The more room you heat, the greater the heat-loss and of course the higher the temperature-setting...! Therfroe we should be cutting down on central heating - by heating "sitting rooms" and using heated blankets in our bedrooms we could hugely reduce our energy consumption (and Cost). I';m not sure that low-income homes (or pensioners) should be increasing their spending by installing central heating.

By heating washing water "as required" there is a huge saving in consumption since the alternative is to have a hot-tank constantly full ( and losing heat 24/7 ) - this represents a huge cost over a year ( although obviously more in the winter). . . . . yet there are relativly few cheap water heaters, that look hardly better than something designed in the 1920's.

What do others think?

The sheme is a vote winner!

More Director buying shows continued confidence:

Eaga said nonexecutive director Malcolm Simpson bought 25,000 shares in the company at an average price of 149.94 pence per share on Jan 29. Following the deal, Simpson is interested in 58,149 shares representing 0.23 pct stake in the company.

New buy rating by Panmure

Eaga wins BBC Digital switchover contract. That should see further gains now.

A constant flow of good news at the moment is certainly encouraging. No surprises that Directors are snapping up stock.

I bought a few this afternoon.

Welcome to the environmental services party mitzy! Good to see you're already in the blue with this morning's small sp rise :-)

About ime i had a winner Q.

I know, I've been feeling a little like that lately although I'm currently in Portland Gas (PTG) which is on a storming run at the moment! Otherwise there's been a lot of red on my screens.

Tell me about it I've held MMG for 7 years and down 50% in one day...

Nightmare! Sometimes it makes you want to give it all up and plough your money into growing cucumbers.....

Good to see EAGA responding positively today after what I can only assume was a bout of profit taking yesterday.

A good day maybe 200p this week.

Yes it would be nice for those who bought shares when EAGA was floated to be able to get their money back.What is the future for this type of goverment subsidised company if the Conservatives ever get back into power?

I still think the demand is there halifax and it wouldn't be the first thing on their agenda to change. I also think that one of the large energy firms may snap up EAGA well before that.

Well I can see we continue to rise here whilst I've been sunning myself for a couple of weeks.

Halifax, I tend to agree with Queen's comments. Also think we'll continue to see bolt on acquisitions here and increasing contracts making earnings more visbile.

I was just thinking ahead to the possibility of a change of emphasis in goverment spending which will have to be reined in with a slow down in the economy and how this would impact io companies largely dependant on goverment subsidised activities.

What the hell is in here that merits a 24% drop this morning????

Eaga said its third-quarter profitability was in line with its expectations as revenues increased significantly compared to last year. The residential energy efficiency provider said some challenges continue to impact its fourth quarter, but the overall business is broadly on track to achieve its current-year expectations.

With record volumes of work coming throughout the business and a balance sheet that offers scope for further expansion, its prospects remain strong, it added. The company said despite challenges its social housing business will improve over the coming months with long-term outlook remaining positive.

While increase in operating cost due to pressure on commodity pricing, particularly vehicle fuel and copper, would be addressed through commercial discussions, though there is a time lag in the process, Eaga said.

queen the final para is a disguised profit warning.

Not based on the rest of the statement it isn't halifax.