TIDMAEG

RNS Number : 9058K

Active Energy Group PLC

07 September 2021

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

7 September 2021

Active Energy Group Plc

("Active Energy" or the "Company")

AIM Rule 17 Notice

Active Energy announces the following disclosures in accordance with Rule 17 and Schedule 2(g) of the AIM Rules for Companies, identified as part of the due diligence undertaken on the Company by its nominated adviser. Max Aitken was formerly a director of R1007 Limited at the time the company was placed into liquidation in October 2006. This disclosure was omitted from the announcement of Max Aitken's appointment to the Board of Active Energy Group on 20 January 2020. Max was also a director at Cramlington Renewable Energy Developments Hold Co Limited at the time that holding company was placed into administration in October 2020 and Speyside Renewable Energy Partnership Hold Co Limited at the time that holding company was placed into administration in October 2020.

Regulatory information

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

ENDS

 
 Enquiries 
 Active Energy Group       Michael Rowan (Chief               info@aegplc.com 
  Plc                       Executive Officer) 
                            Andrew Diamond ( Chief 
                            Financial Officer) 
                          ------------------------------  ------------------- 
 Allenby Capital Limited   Nick Naylor / James Reeve        Office: +44 (0)20 
  Nominated Adviser         (Corporate Finance)                     3328 5656 
  and Joint Broker          Amrit Nahal (Sales/Corporate 
                            Broking) 
                          ------------------------------  ------------------- 
 Panmure Gordon & Co       John Prior / Harriette           Office: +44 (0)20 
  Joint Broker              Johnson (Corporate Finance)             7886 2500 
 
                            Hugh Rich (Corporate 
                            Broking) 
                          ------------------------------  ------------------- 
 Camarco                   Gordon Poole / Tom Huddart       aeg@camarco.co.uk 
  Financial PR Adviser      / Emily Hall                    Office: +44 (0)20 
                                                                    3757 4980 
                          ------------------------------  -------------------

About Active Energy

Active Energy Group plc is a London listed (AIM: AEG) renewable energy company focused on the production and development of next generation biomass products that have the potential to transform the traditional coal fired-power industry and existing renewable biomass industry.

The Company has developed a proprietary technology which transforms waste biomass material into high-value renewable fuels. Its patented product CoalSwitch(TM) is a leading drop-in renewable fuel that can be co-fired with coal, completely replace coal as an alternative feedstock without requiring significant plant modifications, or replace existing biomass feedstock resources. Active Energy's immediate strategic focus is the production and commercialisation of CoalSwitch(TM) and further CoalSwitch(TM) fuel blends that utilise other waste wood and residual materials.

CoalSwitch(TM) is a registered trademark belonging to Active Energy Group plc.

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END

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(END) Dow Jones Newswires

September 07, 2021 02:01 ET (06:01 GMT)

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