Appointment of Executive Director

RNS Number : 6033K

Active Energy Group PLC

17 December 2018

 

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

17 December 2018

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

Appointment of Executive Director

Active Energy Group plc (AIM: AEG), the London quoted international biomass based renewable energy and forestry management business, is pleased to announce the appointment of Antonio Esposito as Executive Director with immediate effect.   Mr Esposito, who has been employed by the Company as Chief Operating Officer since 2017, has extensive experience in the renewable energy and timber sectors, in both executive and project manager positions.  His appointment as a Director of the Company will provide additional high-level operational expertise to the Board as Active Energy advances the development of its CoalSwitch™, biomass and forestry management operations in North America, particularly in North Carolina.

Mr Esposito is a qualified engineer with over 18 years' experience in logistics, operations, business development and project management globally and has an in-depth understanding of commodities export and global markets with a notable focus on woods and biomass-based fuels.  Mr Esposito has a proven track record as a project manager, having been in charge of both the construction and the launch of a production facility in Eastern Europe, as well as overseeing the construction of biomass fired power plants in various locations worldwide.  More recently, Mr Esposito has managed the export of wood, wood products and other bulk commodities to South East Asia, India and Europe in addition to the procurement of wood supplies in excess of 5 million tonnes per annum.  During his time with Active Energy he has been instrumental in the planning and construction of the Company's inaugural CoalSwitch™ plant in Utah, U.S. and the planned roll out of the Company's associated technologies including PeatSwitch™ in AEG's target markets.

Active Energy Group's CEO, Michael Rowan, said: "We are delighted to welcome Antonio to the Board. I am confident that his breadth of experience across the renewable energy industry will prove invaluable as we look to accelerate the business going forward.  Antonio has been an instrumental figure in the Company's operational development over recent years and his experience in overseeing the development of biomass-based fuels production facilities, and the logistical transport of bulk commodities, will be of great value as we develop our new CoalSwitch™ operations in North America."

The information required by Schedule 2 Paragraph (g) of the AIM Rules for Companies in relation to the appointment of Antonio Esposito (aged 48) is as follows:

Current Directorships:	Previous Directorships:
Lighthouse Commodity Group LLC	Timber Logistics Management LLC
Renewable Logistics Systems LLC	Timberlands International (Newfoundland and Labrador) Inc

Antonio Esposito currently holds 2,000,000 ordinary shares of 1p each in the Company's share capital which represents 0.17% of the Company's total issued share capital with voting rights.

Save as disclosed above, there are no further disclosures required to be made in respect of the appointment of Antonio Esposito under Schedule 2(g) or Rule 17 of the AIM Rules for Companies. 

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

**ENDS**

Enquiries& Further Information:

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

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

 

END

 

 

BOAFKADPFBDDDBD