Correction: Director's Dealings

RNS Number : 8722A

Active Energy Group PLC

01 October 2015

 

1 October 2015

Active Energy Group Plc
("Active Energy Group" or the "Group" or the "Company" or "AEG")

Correction: Director's Dealings

The Company's RNS released at 07:00am on 1 October 2015 in relation to the director dealing of Richard Spinks incorrectly stated the percentage that Mr Spinks' holdings represent of the Company's issued share capital with voting rights following the transaction. 

Following the purchase, Mr Spinks is beneficially interested in approximately 1.72% of the Company's issued share capital with voting rights.

All other details remain the same and the full corrected announcement is shown below.

Active Energy Group Plc
("Active Energy Group" or the "Group" or the "Company" or "AEG")

Director's Dealings

Active Energy Group Plc (AIM: AEG.L), the London Stock Exchange AIM-quoted international supplier of wood fibre products for MDF manufacturing, global forestry and natural resources development services, and Biomass for Energy (BFE) coal replacement fuel solutions and processing systems, announces that it has today been notified that on 30 September 2015 Mr Richard Spinks, Chief Executive Officer and a Director of the Company, purchased 200,000 Shares in the capital of the Company ("Shares") at a price of 5.7 pence (£0.057) per Share.

Following this purchase, Mr Spinks is beneficially interested in 9,987,000 Shares, representing approximately 1.72% of the Company's issued share capital with voting rights.

- ENDS -

NOTES TO EDITORS & CONTACT INFORMATION

ABOUT ACTIVE ENERGY GROUP PLC:

Active Energy Group Plc is a London Stock Exchange AIM-quoted company (AIM: AEG.L).  Headquartered in the UK, it is a fast-expanding international business that has experienced exceptionally strong growth and diversification into complementary industry sectors since the current management team assumed responsibility in mid-2012.

The Group has considerable expertise across the entire timber industry supply chain - from forest to finished product.

Its three specialist business divisions, which reflect its knowledge and experience and which work together to maximise commercial opportunities, are focussed on providing products and services to specific global market sectors:

·   Forestry & Natural Resources Development and Management

·   Wood Fibre Products for Medium-Density Fibreboard (MDF) Manufacturing

·   Advanced Biomass for Energy (BFE) Fuel Solutions and Processing Systems

Active Energy Group Plc operates from four international locations:

·   Ukraine, where it is the largest producer and exporter of wood fibre for the Turkish MDF manufacturing sector.

·   Canada, where it has entered into a landmark joint venture - KAQUO Forestry & Natural Resources Development Corporation - with several indigenous Métis Settlements to commercialise in excess of 250,000 hectares of their lands, which contain valuable forests and natural resources, including oil and gas reserves.

·   The United Kingdom and United States of America, where it develops advanced Biomass for Energy fuels and fuel processing systems that convert waste wood and industrial/agricultural residues into coal replacement feedstock for clean energy power generation in a joint venture - AEG CoalSwitch Limited - with Biomass Energy Enhancements LLC.

Ukraine and Canada, with their large forestry reserves and comprehensive road, rail and sea transport links, are ideal locations from which to source raw Biomass material for conversion into wood fibre for MDF manufacturing and enhanced sustainable fuels for electricity generating power plants.

A highly experienced and dedicated management team leads Active Energy Group Plc, each of whom possesses a proven track record in the industries and regions in which it operates and from which its revenues are generated. 

The Company has grown significantly in recent years, and has established a firm foundation, excellent reputation and international customer base upon which to build for the future.

WEBSITE:	LINKEDIN:	TWITTER:
www.active-energy.com	www.linkedin.com/company/activeenergy	www.twitter.com/aegplc  (@aegplc)

ENQUIRIES:

Active Energy Group Plc
Richard Spinks	[e-mail]	Intl.:	[phone]
Chief Executive Officer		Ukraine:	[phone]
Brian Evans-Jones	[e-mail]	UK:	[phone]
Chief Financial Officer		Ukraine:	[phone]
Mark Broomer	[e-mail]	Intl.:	[phone]
Corporate Communications		UK:	[phone]
WH Ireland Ltd. (Nominated Adviser and Broker)
Chris Fielding/Mark Leonard		Office:	[phone]

 

END

 

 

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