Exercise of Warrants and Options

RNS Number : 8333T

Active Energy Group PLC

23 July 2015

 

23 July 2015

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

Exercise of Warrants and Options
 

Active Energy Group Plc (AIM: AEG.L), the London Stock Exchange AIM-quoted international supplier of industrial wood chip for MDF manufacturing and Biomass for Energy (BFE) power generation, global forestry and natural resources development services, and Biomass for Energy (BFE) fuel solutions and systems announces that it has received notice of the exercise of warrants and options to subscribe for a total of 595,333 new ordinary shares in the Company (the "New Ordinary Shares").

Application has been made for these New Ordinary Shares to be admitted to trading on AIM and it is anticipated that trading in such shares will commence on or around 28 July 2015.

Following admission of the New Ordinary Shares, the Company's enlarged issued share capital will comprise 642,158,903 Ordinary Shares with voting rights.  The Company holds 62,500,000 Ordinary Shares in Treasury and the figure of 579,658,903 Ordinary Shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

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

·   Forestry & Natural Resources Development and Management

·   Wood Chip for Medium-Density Fibreboard (MDF) Manufacturing

·   Wood Chip for Biomass for Energy (BFE) Power Generation

·   Second Generation Biomass for Energy (BFE) Fuel Solutions and Systems

Active Energy Group Plc operates from four international locations:

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

·   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, containing valuable forests and natural resources, including oil and gas reserves.

·   Spain, from where it sources finished wood chip for export to international customers.

·   United Kingdom, where it operates a research & development facility for new BFE fuel technologies.

Ukraine and Canada, with their large forestry reserves and comprehensive road, rail and sea transport links, are ideal locations from which to source raw timber and manufacture wood chip and fuel pellets for supply to MDF producers and Biomass power plants.

In addition to its existing activities, the Group is actively developing innovative Biomass fuel solutions, converting waste wood and industrial/agricultural by-products into feedstock for clean energy power generation as a direct replacement for coal.

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]

 

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