Active Energy Group PLC Exercise of Warrants (4488J)
June 28 2017 - 7:45AM
UK Regulatory
TIDMAEG
RNS Number : 4488J
Active Energy Group PLC
28 June 2017
Active Energy Group Plc / EPIC: AEG / Sector: Alternative
Energy
28 June 2017
Active Energy Group plc ("Active Energy", "AEG" or the
"Company")
Exercise of Warrants
Active Energy, the London quoted international renewable energy,
forestry management and timber processing business, announces that
pursuant to the receipt of exercise notices from holders of
17,623,110 warrants, it has today issued 17,623,110 ordinary shares
of 1p each ("Ordinary Shares") at the exercise price of 1.25p per
share (the "New Ordinary Shares").
Application has been made for the New Ordinary Shares, which
will rank pari passu with the existing Ordinary Shares, to be
admitted to trading on AIM and it is expected that this will take
place on or around 4 July 2017 ("Admission").
Following admission of the New Ordinary Shares, the Company's
enlarged issued share capital will comprise 858,004,610 Ordinary
Shares with voting rights. The Company currently holds 33,212,841
Ordinary Shares in Treasury and the figure of 824,791,769 Ordinary
Shares may therefore be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
**ENDS**
Enquiries & Further Information
Website LinkedIn Twitter
---------------------- -------------------------------------- -----------------------
www.active-energy.com www.linkedin.com/company/activeenergy www.twitter.com/aegplc
(@aegplc)
---------------------- -------------------------------------- -----------------------
Enquiries
---------------------------------------------------------------------------
Active Energy Richard Spinks richard.spinks@aegplc.com
Group Plc Chief Executive Int: +380 503
Officer 942 702
------------------- ----------------------- -----------------------------
Brian Evans-Jones brian.evans-jones@aegplc.com
Chief Financial UK: +44 (0)7500
Officer 861 696
Ukraine: +380
955 227 745
------------------- ----------------------- -----------------------------
Northland Capital Patrick Claridge/David Office: +44 (0)20
Partners Limited Hignell/Gerry Beaney 3861 6625
Nominated Adviser (Corporate Finance)
& Broker
John Howes/Rob Rees
(Sales and Broking)
------------------- ----------------------- -----------------------------
St Brides Partners Susie Geliher/Megan info@stbridespartners.co.uk
Financial PR Dennison Office: +44 (0)
Adviser 20 7236 1177
------------------- ----------------------- -----------------------------
About Active Energy Group
Active Energy Group Plc (AIM: AEG.L) is a London Stock
Exchange-listed international renewable energy business based upon
forestry assets. Its model is focussed on capturing the entire
forestry value chain through sourcing, utilising and
commercialising assets, and setting a new standard in the
sustainable management and optimisation of timber resources. The
Company is led by a highly technical and commercial team with the
experience to execute its defined growth strategy and build its
visibility, primarily as a London-listed timber opportunity with a
revolutionary biomass fuel technology. It has two affiliate
companies formed being:
-- Advanced Biomass Solutions Plc, which is commercialising a
revolutionary biomass coal replacement fuel, CoalSwitch and;
-- Timberland International Plc, a sustainable international forestry management business.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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