Director Share Purchase

RNS Number : 2574O

Active Energy Group PLC

03 November 2016

 

3 November 2016

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

Active Energy Group plc ("Active Energy", "AEG" or the "Company")

Director Share Purchase

Active Energy, the London quoted renewable energy, forestry management and timber processing business, has been advised that the following director purchased ordinary shares of 1p in the Company ("Ordinary Shares") on 2 November 2016.

Name	Price (£)	Number of Ordinary Shares Purchased	Beneficial interest in Ordinary Shares following purchase*	% of Total Voting Rights in the Company following purchase
Matteo Girlanda (COO)	0.032	66,000	63,426,000	9.62%

* 63,360,000 shares held through Windstar Investment SA in which Matteo Girlanda has an interest

Richard Spinks, Chief Executive Officer of Active Energy said: "With all four of our directors buying shares in the open market in the past two days, I believe we are sending a clear message to the market of our confidence in our ability to deliver meaningful value to shareholders through the commercialisation of our revolutionary CoalSwitch biomass based drop-in replacement fuel.  I look forward to providing further news regarding the commercialisation of our CoalSwitch product, together with updates from our AEG TimberLands and our AEG WoodFibre divisions in due course."

__________________________________________________________________________________________________________________

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Matteo Girlanda
2.	Reason for the Notification
a)	Position/status	COO
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	Pending
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	Ordinary Shares of 1p each
	Identification code
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 3.2p 66,000
d)	Aggregated information: ·      Aggregated volume ·      Price
e)	Date of the transaction	2 November 2016
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

**ENDS**

Enquiries & Further Information

Website	LinkedIn	Twitter
www.active-energy.com	www.linkedin.com/company/activeenergy	www.twitter.com/aegplc (@aegplc)

Enquiries
Active Energy Group Plc	Richard Spinks Chief Executive Officer	[e-mail] Int: [phone]
	Brian Evans-Jones Chief Financial Officer	[e-mail] UK: [phone] Ukraine: [phone]
Northland Capital Partners Limited Nominated Adviser & Broker	Patrick Claridge/David Hignell/Gerry Beaney (Corporate Finance) John Howes/Rob Rees (Sales and Broking)	Office: [phone]
St Brides Partners Financial PR Adviser	Susie Geliher/Megan Dennison	[e-mail] Office: [phone]

About Active Energy Group

Active Energy Group Plc ("Active Energy" or "AEG") is an AIM quoted company operating internationally across the entire timber supply chain - from forest to factory and fuel.

Active Energy's vertically-integrated business units provide timberland development services for forestry owners, industrial wood fibre for MDF manufacturers, and second-generation biomass coal replacement fuels for industrial power generators.

Active Energy has three divisions:

·     AEG TimberLands: Forestry Asset Management and Development

·     AEG WoodFibre: Industrial Wood Fibre for Medium-Density Fibreboard (MDF) Manufacturing

·     AEG CoalSwitch: Advanced Biomass Coal Replacement Fuels and Fuel Processing Systems

Active Energy's relationships with forestry owners through its AEG TimberLands operation allows the Company to maximise the value of its standing timber assets, converting low-grade material - primarily non-saw logs/technical lumber and forestry thinnings - into industrial wood fibre for MDF manufacturing via Active Energy's AEG WoodFibre division.  This vertically integrated model also provides feedstock for the Company's AEG CoalSwitch joint venture, which generates green energy power generation from biomass. 

 

END

 

 

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