Director/PDMR Shareholding

RNS Number : 3158S

Active Energy Group PLC

13 July 2022

 

Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy

13 July 2022

Active Energy Group Plc

("Active Energy" or the "Company")

Director / PDMR Shareholding

Active Energy, the London quoted international biomass based renewable energy business, announces the following director dealing in the Company's ordinary shares of 0.35p each ("Ordinary Shares").

On 12 July 2022, Michael Rowan, the Company's Chief Executive Officer, purchased 1,000,000 Ordinary Shares at an average price of 4.105p per share. Following the transaction, Michael Rowan is beneficially interested in 1,785,321 Ordinary Shares, representing 1.10% of the Company's total issued share capital.

The FCA notification in respect of the above, made in accordance with the requirements of the UK Market Abuse Regulation, is appended below.

Enquiries
Active Energy Group Plc	Michael Rowan  (Chief Executive Officer) Andrew Diamond ( Chief Financial Officer)	[e-mail]
Allenby Capital Limited Nominated Adviser and Broker	Nick Naylor / James Reeve / Freddie Wooding  (Corporate Finance) Amrit Nahal  (Sales/Corporate Broking)	Office: [phone]
Camarco Financial PR Adviser	Georgia Edmonds / Tom Huddart / Emily Hall	[e-mail] Office: [phone]

About Active Energy Group:

Active Energy Group plc is a London listed (AIM: AEG) renewable energy company that has developed a proprietary technology which transforms low-cost biomass material into high-value green fuels. Its patented product CoalSwitch® is the world's only drop-in biomass fuel that can be mixed at any ratio with coal or completely replace coal in existing coal-fired power stations without requiring significant plant modification. Active Energy Group's immediate strategic focus is the production and commercialisation of CoalSwitch®.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Rowan
2	Reason for the notification	Purchase of shares
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Active Energy Group Plc
b)	LEI	213800P9PW3HJ5YJRK43
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of £0.0035 each  ISIN: GB00BPG7NS80
b)	Nature of the transaction	Acquisition of shares
c)	Price(s) and volume(s)	Price (p) No. of shares 4.00 100,000 4.20 150,000 4.10 750,000
d)	Aggregated information - Aggregated volume - Price	1,000,000  41,050
e)	Date of the transaction	12 July 2022
f)	Place of the transaction	XLON, London Stock Exchange

 

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