Active Energy Group PLC Issue of Equity (6687L)
20 April 2018 - 11:51PM
UK Regulatory
TIDMAEG
RNS Number : 6687L
Active Energy Group PLC
20 April 2018
Active Energy Group Plc / EPIC: AEG / Sector: Alternative
Energy
20 April 2018
Active Energy Group Plc ('Active Energy', the 'Company' or the
'Group')
Conversion of Loan Notes
Active Energy, the London quoted international biomass based
renewable energy and forestry management business, announces that a
holder of convertible loan notes issued by the Company on 14 March
2017 (the "Notes") has elected to convert a total of 160,000 Notes
into new ordinary shares of GBP0.01 each in the capital of the
Company ("Ordinary Shares") pursuant to the terms of the Notes.
Accordingly, 4,855,105 new Ordinary Shares (the "Conversion
Shares") have been issued to the Note holder in accordance with the
terms of the Notes.
Total Voting Rights
Application has been made for the Conversion Shares, which will
rank pari passu with the existing Ordinary Shares, to be admitted
to trading on AIM ("Admission"). It is expected that Admission will
become effective and dealings will commence at 8:00am on or around
26 April 2018.
Following Admission, the Company's enlarged issued share capital
will comprise 1,001,718,546 Ordinary Shares with voting rights. The
Company currently holds 33,212,841 Ordinary Shares in Treasury and
the figure of 968,505,705 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 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.linkedin.com/company/activeenergy
www.aeg-plc.com
---------------------- --------------------------------------
Enquiries
----------------------------------------------------------------------------
Active Energy Michael Rowan michael.rowan@aegplc.com
Group Plc Executive Chairman
------------------- ------------------------- ----------------------------
Richard Spinks richard.spinks@aegplc.com
Chief Executive Officer
------------------- ------------------------- ----------------------------
Northland Capital David Hignell / Gerry Office: +44 (0)20
Partners Limited Beaney 3861 6625
Nominated Adviser
------------------- ------------------------- ----------------------------
Optiva Securities Graeme Dickson / Ed Office: +44 (0)20
Ltd Broker McDermott 3137 1902
------------------- ------------------------- ----------------------------
St Brides Partners Susie Geliher / Isabel info@stbridespartners.co.uk
Financial PR de Salis Office: +44 (0)
Adviser 20 7236 1177
------------------- ------------------------- ----------------------------
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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