Active Energy Group PLC Appointment of Finance Director (0897G)
November 23 2020 - 1:00AM
UK Regulatory
TIDMAEG
RNS Number : 0897G
Active Energy Group PLC
23 November 2020
Active Energy Group Plc / EPIC: AEG / Sector: Alternative
Energy
23 November 2020
Active Energy Group Plc
('Active Energy', 'AEG', or the 'Company')
Appointment of Finance Director
Active Energy, the London quoted international biomass based
renewable energy and forestry management business, is pleased to
announce the appointment of Mr Andrew Diamond as Finance Director
with effect from 1(st) January 2021.
Andrew has over 20 years of relevant experience, particularly
working for London listed companies, as demonstrated by his
previous role as Finance Director at Victoria Oil & Gas Plc, an
AIM listed gas production and utility business. Throughout the four
years Andrew held this role, he was involved in two substantial
equity raises, a successful M&A transaction and multiple
capital and debt restructuring exercises.
Prior to this, Andrew worked for a number of companies in the
resources sector, performing financial and reporting based roles.
Andrew also has relevant experience working in the US, which will
benefit AEG's operations at Lumberton.
Andrew has been appointed as a Board Director of AEG with effect
from 1(st) January 2021.
Michael Rowan, CEO of Active Energy Group, comments:
"I am delighted to welcome Andrew to Active Energy. The Board
believes he will be an important member of the team as we progress
with the expansion of the existing operations and the construction
of the first CoalSwitch(TM) plant at Lumberton. Andrew has relevant
experience and importantly his background as a Plc director will
significantly strengthen our Board. His expertise will be
invaluable as we build AEG into a financially robust business with
a significant growth trajectory."
Andrew Diamond, said:
"I am greatly looking forward to the opportunity at AEG. The
Company is at an inflection point and is mapping a path towards
commercial success. A renewed focus on environmental matters in the
US sees the Lumberton operations well placed for expansion and I
look forward to bringing my Plc experience to AEG."
Full Name: Andrew Lee Diamond
Age: 45
Current directorships / partnerships Directorships / partnerships
within the last five years
Victoria Oil & Gas plc
Victoria Petroleum Ltd
Victoria Oil & Gas Central
Asia Ltd
Victoria Energy Central Asia
UK Ltd
Victoria Energy Central Asia
Ltd
Bramlin Ltd
Gaz du Cameroun Investments
Ltd
Gaz du Cameroun S.A.
Victoria Oil & Gas International
Ltd
Gaz du Cameroun Matanda S.A.
ZAO SeverGas-Invest
A&D Diamond Limited
Andrew Diamond does not hold any shares or options in the
Company.
There is no further information to be disclosed in relation to
Andrew Diamond's appointment pursuant to AIM Rule 17, paragraph (g)
of Schedule Two of the AIM Rules for Companies.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
ENDS
Website LinkedIn
www.aegplc.com www.linkedin.com/company/activeenergy
--------------------------------------
Enquiries
Active Energy Michael Rowan
Group Plc Chief Executive Officer
Antonio Esposito
Chief Operations Officer
--------------------------- ----------------------------
SP Angel Corporate David Hignell / Caroline Office: +44 (0)20 3470 0470
Finance LLP Rowe
Nominated
Adviser and
Broker
--------------------------- ----------------------------
Allenby Capital Amrit Nahal / Nick Naylor Office: +44 (0)20 3328 5656
Limited
Joint Broker
--------------------------- ----------------------------
Camarco Gordon Poole / Tom Huddart aeg@camarco.co.uk
Financial / Emily Hall Office: +44 (0) 20 3757
PR Adviser 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(TM) 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 plant modification. Active Energy Group's immediate
strategic focus is the production and commercialisation of
CoalSwitch(TM) and a low emission CoalSwitch(TM) blend that
utilises other waste materials.
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END
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