Holding(s) in Company

RNS Number : 6236X

Active Energy Group PLC

06 January 2022

 

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

6 January 2022

Active Energy Group Plc

("Active Energy" or the "Company")

Holding(s) in Company

Active Energy, the London AIM-quoted renewable energy business focused on the production of next generation energy pellets, announces it was notified on 30 December 2021 that following the completion of the Fundraising announced on 9 December 2021, Tyler Player's shareholding in the Company is 375,940,001 ordinary shares. This holding represents approximately 6.64% of the total voting rights in the Company.

Tyler Player is the principal of Player Design Inc., the Company's EPC contractor for the Ashland facility.

Michael Rowan, CEO of Active Energy, commented: "Tyler Player's investment in the Company is a strong show of confidence in the CoalSwitch^TM technology. This alignment of interests is positive as the Company progresses towards commercialisation of CoalSwitch™."

Enquiries:
Active Energy Group Plc	Michael Rowan (Chief Executive Officer) Andrew Diamond (Chief Financial Officer)	[e-mail]
Allenby Capital Limited NOMAD and Joint Broker	Nick Naylor/James Reeve (Corporate Finance) Amrit Nahal (Sales and Corporate Broking)	Office: [phone]
Panmure Gordon & Co Joint Broker	John Prior/James Sinclair-Ford/Harriette Johnson (Corporate Finance) Hugh Rich (Corporate Broking)	Office: [phone]
Camarco Financial PR Adviser	Gordon Poole/Tom Huddart/Emily Hall	[e-mail] Office: [phone]

About Active Energy

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™.

 

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