Statement re Press Comment

RNS Number : 1882I

Active Energy Group PLC

22 November 2018

 

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

22 November 2018

Active Energy Group Plc ('Active Energy', the 'Company' or the 'Group')

Update re Press Speculation in Newfoundland

The directors of Active Energy, the London quoted international biomass based renewable energy and forestry management business, note speculation in the Northern Pen publication in Newfoundland relating to the grant of Commercial Timber Permits ('CTPs') by the Ministry of Fisheries and Land Resources of the Crown Province of Newfoundland and Labrador (the 'Province'). 

The Company believes this press speculation is without foundation as it has received all relevant documentation from the Ministry and is looking forward to developing the relationship further.   

Members of the Active Energy management are currently in Newfoundland meeting the relevant officials and further announcements regarding the status of the CTPs will be made as appropriate.

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

**ENDS**

For further information visit www.aegplc.com or follow on Twitter: @aegplc

Enquiries
Active Energy Group Plc	Michael Rowan Chief Executive Officer	[e-mail]
Northland Capital Partners Limited Nominated Adviser	David Hignell / Gerry Beaney / Domile Andruskeviciute	[phone]
Optiva Securities Ltd Broker	Jeremy King / Ed McDermott	[phone]
St Brides Partners Financial PR Adviser	Susie Geliher / Gaby Jenner	[e-mail] [phone]

About Active Energy Group:

Active Energy Group Plc (AIM: AEG) 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.

 

END

 

 

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