Result of Bonus Issue & Direc

RNS Number : 3483Q

Active Energy Group PLC

02 August 2010

 

2 August 2010

(AIM: AEG)

Active Energy Group plc

("Active Energy" or "the Company")

Result of Bonus Issue & Directors Shareholdings

Further to the announcement made on 30 July 2010, Active Energy is pleased to announce that as a result of the proposed Bonus Issue, which was approved by shareholders at the Annual General Meeting, 5,343,148 ordinary shares have today been admitted to trading on AIM. The Company now has a total of 112,208,971 ordinary shares in issue.

Pursuant to the Bonus Issue, the resultant shareholdings of the directors of the Company are as follows:

	Bonus issue shares	Resultant number of ordinary shares held	Percentage of enlarged issued share capital
Christopher Foster	390,539	8,201,324	7.31
Philip Palmer	187,681	3,941,312	3.51
Kevin Baker	45,300	951,303	0.85

Enquiries:

Active Energy Group Plc
Kevin Baker, Chief Executive Christopher Foster, Executive Director	Tel: [phone] Tel: [phone]
Merchant Securities Limited (Nominated Adviser)
John East/Simon Clements	Tel: [phone]
Jendens Securities Ltd (Joint Broker)
Kim Richardson	Tel: [phone]
Rivington Street Corporate Finance Ltd (Joint Broker)
Peter Greensmith	Tel: [phone]
Biddicks (Financial PR)
Sophie Lane	Tel: [phone]

About Active Energy Group Plc

Active Energy Group Plc (AIM: AEG) is a holding company that owns 72.2 per cent. of Active Energy Limited. Active Energy manufactures and supplies the VoltageMaster, a device that can reduce electricity consumption in commercial buildings by up to 20 per cent.

Other wholly owned subsidiaries in the Group include Derlite Co Limited; based in Thailand, this company is an international manufacturer of electrical and non-electrical components specializing in ignition systems for gas appliances and Gasignition Limited; a trading company supplying electrical components to small and medium-sized European gas appliance manufacturers.

About Active Energy

Active Energy owns the rights, intangible assets and intellectual property of VoltageMaster, a range of voltage optimisation equipment for commercial buildings that reduces voltage, and consequently energy consumed, by up to 20 per cent. The VoltageMaster, a sophisticated, easy to install device that is adaptable to complement existing infrastructures, optimises the voltage used in a building by adjusting the electricity voltage supplied to the whole building. In addition, the reduced energy consumption produced by the VoltageMaster provides reduced carbon emissions.

 

END

 

 

MSCGCGDISUGBGGD