Active Energy Group PLC Commencement of trading on OTCQB Market in US (0138V)
05 August 2022 - 4:00PM
UK Regulatory
TIDMAEG
RNS Number : 0138V
Active Energy Group PLC
05 August 2022
Active Energy Group Plc / EPIC: AEG / Sector: Alternative
Energy
05 August 2022
Active Energy Group Plc
("Active Energy" or the "Company")
Active Energy commences trading on the OTCQB Market in United
States
Active Energy, the London quoted international biomass based
renewable energy business, is pleased to announce that trading in
the Company's ordinary shares ("Ordinary Shares") will begin today
on the OTCQB Venture Market ("OTCQB"), in the United States, under
the ticker symbol "ATGVF".
Trading on the OTCQB will have no direct impact on the trading
of Active Energy's existing Ordinary Shares on AIM and no new
Ordinary Shares will be issued as part of the cross-trade. The
Company will continue to rely on the announcements and disclosures
it makes to the London Stock Exchange and will have no
Sarbanes-Oxley or SEC reporting requirements.
The Company believes that having its Ordinary Shares traded on
the OTCQB will provide enhanced investor benefits, including easier
trading access for investors located in the US, and greater
liquidity due to a broader geographic pool of potential
investors.
Michael Rowan, Chief Executive of Active Energy , said: "Joining
OTCQB is strategically important for AEG. We are a business with
solely US operations, an increasing profile amongst US customers
and an ambition to commence production, alongside joint venture
partners, on the East and West coast. We are therefore pleased to
be able to offer prospective US shareholders the opportunity to
invest in AEG's exciting growth trajectory alongside our current UK
investors."
Jonathan Dickson, Vice President of Corporate affairs, OTC said:
" We are delighted to welcome Active Energy Group PLC to the OTCQB
Venture Market in the United States. With AEG's primary listing
remaining on London's AIM the OTCQB Market's cross trading facility
will allow Active Energy Group to broaden its horizons and provide
investors in the United States with the ability to access the
Company's Ordinary Shares in U.S. dollars and during U.S. market
hours."
Enquiries
Active Energy Group Michael Rowan (Chief info@aegplc.com
Plc Executive Officer)
Andrew Diamond ( Chief
Financial Officer)
Allenby Capital Nick Naylor / James Office: +44 (0)20
Limited Reeve / Freddie Wooding 3328 5656
Nominated Adviser (Corporate Finance)
and Broker Amrit Nahal (Sales/Corporate
Broking)
Camarco Georgia Edmonds / Tom aeg@camarco.co.uk
Financial PR Adviser Huddart / Emily Hall Office: +44 (0)20
3757 4980
About Active Energy Group:
Active Energy Group plc is a London listed (AIM: AEG) renewable
energy company that has developed a proprietary technology which
transforms low-cost biomass material into high-value green fuels.
Its patented product CoalSwitch(R) is the world's only drop-in
biomass fuel that can be mixed at any ratio with coal or completely
replace coal in existing coal-fired power stations without
requiring significant plant modification. Active Energy Group's
immediate strategic focus is the production and commercialisation
of CoalSwitch(R).
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END
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