Active Energy Group PLC Result of AGM (6882F)
11 July 2023 - 11:07PM
UK Regulatory
TIDMAEG
RNS Number : 6882F
Active Energy Group PLC
11 July 2023
11 July 2023
Active Energy Group Plc
("Active Energy" or the "Company")
Result of AGM
Active Energy (AIM:AEG, OTCQB:ATGVF), the international biomass
based renewable energy business , announces that at the Company's
annual general meeting (the "AGM"), held earlier today, all the
resolutions proposed at the AGM were duly passed. The proxy votes
received from shareholders on each resolution are set out
below.
A copy of a Company presentation will be available shortly at:
https://www.aegplc.com/ . In addition an interview with Michael
Rowan, the Company's CEO, and the Company's Executive Management
Team will be available shortly at
https://www.proactiveinvestors.co.uk/LON:AEG/Active-Energy-Group-PLC
.
Resolutions 1 to 6 inclusive were proposed as ordinary
resolutions and Resolutions 7 to 10 were proposed as special
resolutions of the Company.
Full details of the resolutions are set out in the Notice of
AGM, published on the Company's website at:
https://www.aegplc.com/
Resolution Votes for % of Votes against % of Votes % of Votes
votes votes total* share withheld**
cast cast capital
1 69,587,642 99.96% 29,546 0.04% 69,617,188 43.01% 35,184
2 69,514,184 99.85% 103,064 0.15% 69,617,248 43.01% 35,154
3 58,773,042 99.82% 103,064 0.18% 58,876,106 36.37% 10,776,296
4 69,453,167 99.85% 104,051 0.15% 69,557,218 42.97% 95,184
5 51,396,077 73.89% 18,159,894 26.11% 69,555,971 42.97% 96,431
6 69,379,621 99.66% 237,594 0.34% 69,617,215 43.01% 35,187
7 48,895,270 99.52% 237,879 0.48% 49,133,149 30.35% 35,188
8 48,905,841 99.54% 227,306 0.46% 49,133,147 30.35% 35,188
9 49,035,021 99.80% 98,129 0.20% 49,133,150 30.35% 35,187
10 49,098,143 99.93% 35,039 0.07% 49,133,182 30.35% 35,154
* Total votes cast do not include withheld votes
** A vote withheld is not a vote in law and is not counted
in the calculation of the proportion of votes 'For' or 'Against'
any of the resolutions
Although resolution 5 was passed, the Board notes that this
resolution received more than 20% of independent votes against the
Board's recommendation. The Board acknowledges this and remains
committed to continuing an open dialogue with the Company's
shareholders on this matter.
Enquiries:
Active Energy Michael Rowan (Chief Executive info@aegplc.com
Group Plc Officer)
Michelle Fagan (Chief Financial
Officer)
Allenby Capital Nick Naylor/James Reeve/Daniel Office: +44 (0)20 3328
Limited Dearden-Williams (Corporate 5656
Nominated Adviser Finance)
and Broker Amrit Nahal (Sales/Corporate
Broking)
--------------------------------- ------------------------
Camarco Tom Huddart / Emily Hall aeg@camarco.co.uk
Financial PR Adviser / Lily Pettifar Office: +44 (0)20 3757
4980
--------------------------------- ------------------------
Scoville PR John Williams aeg@camarco.co.uk
US PR Adviser
--------------------------------- ------------------------
Website LinkedIn Twitter
www.aegplc.com www.linkedin.com/company/activeenergy https://twitter.com/aegplc
@aegplc
-------------------------------------- ----------------------------
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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