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RNS Number : 4994A

Active Energy Group PLC

29 December 2017

 

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

29 December 2017

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

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Active Energy, the London quoted international biomass based renewable energy and forestry management business announces that following the Admission of the 41,733,333 New Ordinary Shares to trading on AIM earlier today, the Company's enlarged issued share capital will comprise 983,071,277 Ordinary Shares with voting rights.  The Company currently holds 33,212,841 Ordinary Shares in Treasury and the figure of 949,858,436 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 figure includes the 83,333,334 Ordinary Shares that were issued pursuant to the Company's announcement regarding a £1.75m Fundraising which was announced on 1 November 2017.

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

All defined terms in this announcement shall have the same meaning as described in the Company's announcement of 18 December 2017.

**ENDS**

Enquiries & Further Information:

Website	LinkedIn
www.active-energy.com www.abs-plc.com	www.linkedin.com/company/activeenergy

Enquiries
Active Energy Group Plc	Michael Rowan Non-Executive Chairman	[e-mail]
	Richard Spinks Chief Executive Officer	[e-mail]
Northland Capital Partners Limited Nominated Adviser	David Hignell/Gerry Beaney	Office: [phone]
Optiva Securities Ltd Broker	Graeme Dickson  Ed McDermott	Office: [phone]
St Brides Partners Financial PR Adviser	Isabel de Salis/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 (www.abs-plc.com), which is commercialising a revolutionary biomass coal replacement fuel, CoalSwitch™; and

·     Timberlands International Ltd, a sustainable international forestry management business.

About CoalSwitch™:

CoalSwitch™ is the world's first direct drop-in replacement biomass fuel with the ability to transform the coal energy dynamic. Its unique qualities allow the fuel to be directly mixed in any ratio or completely replace coal in existing unmodified coal-fired power stations, negating the need for expensive retrofitting or avoiding complete plant closure.  Unlike almost all biomass based pellets, it does not have to use high-quality wood but can instead utilise low-cost waste material which translates into significant economic benefits.  CoalSwitch™ has a unique solution to enable coal-fired power plants to continue operating at acceptable environmental standards. To facilitate the expansion, ABS is establishing operations in the Americas, Europe and Asia and has representation in those areas in terms of business development and technical support.

 

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