Active Energy Group PLC Holding(s) in Company (3494E)
July 06 2021 - 9:00AM
UK Regulatory
TIDMAEG
RNS Number : 3494E
Active Energy Group PLC
06 July 2021
Active Energy Group Plc / EPIC: AEG / Sector: Alternative
Energy
6 July 2021
Active Energy Group Plc
("Active Energy", "AEG", or the "Company")
Holding(s) in Company
Active Energy, the London quoted renewable energy company
focused on the production and development of next generation
biomass products, was notified on 5 July 2021 that Gravendonck
Private Foundation ("Gravendonck") has disposed of a total of
121,625,000 ordinary shares of 0.01p each in the Company ("Ordinary
Shares").
The disposals took place over various dates as summarised in the
table below (the "Disposals"):
Date of Disposal Number of Ordinary Price of Disposal
Shares (p)
4 March 2021 4,000,000 1.15
------------------- ------------------
7 April 2021 5,000,000 1.0
------------------- ------------------
12 April 2021 8,500,000 0.938
------------------- ------------------
30 April 2021 8,500,000 0.84
------------------- ------------------
7 June 2021 46,500,000 0.7
------------------- ------------------
2 July 2021 49,125,000 0.6
------------------- ------------------
Following the Disposals, Gravendonck is beneficially interested
in 832,362,189 Ordinary Shares, representing 21.3% of the Company's
total issued share capital with voting rights.
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)
------------------------------ -------------------
SP Angel Corporate David Hignell / Caroline Office: +44 (0)20
Finance LLP Rowe 3470 0470
Nominated Adviser and (Corporate Finance)
Joint Broker Rob Rees (Sales)
------------------------------ -------------------
Allenby Capital Limited Nick Naylor/James Reeve Office: +44 (0)20
Joint Broker (Corporate Finance) 3328 5656
Amrit Nahal (Sales/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 Group:
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 Group'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.
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END
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