Result of AGM

Active Energy Group PLC

11 July 2023

 

11 July 2023

Active Energy Group Plc

("Active Energy" or the "Company")

Result of AGM

Active Energy (AIM:AEG, OTCQB:ATGVF), the international biomass based renewable energy business, announces that at the Company's annual general meeting (the "AGM"), held earlier today, all the resolutions proposed at the AGM were duly passed. The proxy votes received from shareholders on each resolution are set out below.

A copy of a Company presentation will be available shortly at: https://www.aegplc.com/. In addition an interview with Michael Rowan, the Company's CEO, and the Company's Executive Management Team will be available shortly at https://www.proactiveinvestors.co.uk/LON:AEG/Active-Energy-Group-PLC.

Resolutions 1 to 6 inclusive were proposed as ordinary resolutions and Resolutions 7 to 10 were proposed as special resolutions of the Company.

Full details of the resolutions are set out in the Notice of AGM, published on the Company's website at:

https://www.aegplc.com/

Resolution	Votes for		% of votes cast	Votes against	% of votes cast	Votes total*	% of share capital	Votes withheld**
1		69,587,642	99.96%	29,546	0.04%	69,617,188	43.01%	35,184
2		69,514,184	99.85%	103,064	0.15%	69,617,248	43.01%	35,154
3		58,773,042	99.82%	103,064	0.18%	58,876,106	36.37%	10,776,296
4		69,453,167	99.85%	104,051	0.15%	69,557,218	42.97%	95,184
5		51,396,077	73.89%	18,159,894	26.11%	69,555,971	42.97%	96,431
6	69,379,621		99.66%	237,594	0.34%	69,617,215	43.01%	35,187
7	48,895,270		99.52%	237,879	0.48%	49,133,149	30.35%	35,188
8	48,905,841		99.54%	227,306	0.46%	49,133,147	30.35%	35,188
9	49,035,021		99.80%	98,129	0.20%	49,133,150	30.35%	35,187
10	49,098,143		99.93%	35,039	0.07%	49,133,182	30.35%	35,154

*	Total votes cast do not include withheld votes
**	A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes 'For' or 'Against' any of the resolutions

Although resolution 5 was passed, the Board notes that this resolution received more than 20% of independent votes against the Board's recommendation.  The Board acknowledges this and remains committed to continuing an open dialogue with the Company's shareholders on this matter.

Enquiries: 

Active Energy Group Plc	Michael Rowan (Chief Executive Officer) Michelle Fagan (Chief Financial Officer)	[e-mail]
Allenby Capital Limited Nominated Adviser and Broker	Nick Naylor/James Reeve/Daniel Dearden-Williams (Corporate Finance) Amrit Nahal (Sales/Corporate Broking)	Office: [phone]
Camarco Financial PR Adviser	Tom Huddart / Emily Hall / Lily Pettifar	[e-mail] Office: [phone]
Scoville PR US PR Adviser	John Williams	[e-mail]

Website	LinkedIn	Twitter
www.aegplc.com	www.linkedin.com/company/activeenergy	https://twitter.com/aegplc @aegplc

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®.

 

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