Exercise of Warrants

RNS Number : 4488J

Active Energy Group PLC

28 June 2017

 

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

28 June 2017

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

Exercise of Warrants

Active Energy, the London quoted international renewable energy, forestry management and timber processing business, announces that pursuant to the receipt of exercise notices from holders of 17,623,110 warrants, it has today issued 17,623,110 ordinary shares of 1p each ("Ordinary Shares") at the exercise price of 1.25p per share (the "New Ordinary Shares").

Application has been made for the New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM and it is expected that this will take place on or around 4 July 2017 ("Admission").

Following admission of the New Ordinary Shares, the Company's enlarged issued share capital will comprise 858,004,610 Ordinary Shares with voting rights.  The Company currently holds 33,212,841 Ordinary Shares in Treasury and the figure of 824,791,769 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.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

**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 (AIM: AEG.L) is a London Stock Exchange-listed international renewable energy business based upon forestry assets.  Its model is focussed on capturing the entire forestry value chain through sourcing, utilising and commercialising assets, and setting a new standard in the sustainable management and optimisation of timber resources.  The Company is led by a highly technical and commercial team with the experience to execute its defined growth strategy and build its visibility, primarily as a London-listed timber opportunity with a revolutionary biomass fuel technology.  It has two affiliate companies formed being:

·     Advanced Biomass Solutions Plc, which is commercialising a revolutionary biomass coal replacement fuel, CoalSwitch and;

·    Timberland International Plc, a sustainable international forestry management business.

 

END

 

 

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