Active Energy Group PLC Changes of Equity (1755D)
October 05 2018 - 10:01AM
UK Regulatory
TIDMAEG
RNS Number : 1755D
Active Energy Group PLC
05 October 2018
Active Energy Group Plc / EPIC: AEG / Sector: Alternative
Energy
5 October 2018
Active Energy Group Plc ('Active Energy' or the 'Company')
Changes in Equity
Active Energy, the London quoted international biomass based
renewable energy and forestry management business, announces that a
holder of convertible loan notes issued by the Company on 14 March
2018 (the "Notes") has elected to convert a total of 150,000 Notes
into new ordinary shares of GBP0.01 each in the capital of the
Company ("Ordinary Shares") pursuant to the terms of the Notes.
Accordingly, 4,081,955new Ordinary Shares (the "Conversion
Shares") have been issued to the noteholder in accordance with the
terms of the Notes.
Additionally, the Company haselected to cancel the 33,212,841
Ordinary Shares of which are held in Treasury (the "Cancellation
Shares"). The Cancellation Shares were part of the62,500,000
Ordinary Shares that the Company transferred to Treasury in 2014
(the "Treasury Shares"), as detailed in the Company'sannouncement
dated 8 May 2014. The balance of 29,287,159Treasury Shares had been
previously allotted to a strategic partner, as detailed in the
Company's announcement dated 24 November 2016.
Total Voting Rights
Application has been made for the Conversion Shares, which will
rank pari passu with the existing Ordinary Shares, to be admitted
to trading on AIM ("Admission"). It is expected that Admission will
become effective and dealings will commence at 8:00am on or around
11 October2018.
Following the above changes, the Company's enlarged issued share
capital will comprise1,036,906,951Ordinary Shares with voting
rights. The Company will no longerhold any Treasury Shares and
therefore the figure of1,036,906,951Ordinary 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
www.active-energy.com www.linkedin.com/company/activeenergy
www.aeg-plc.com
--------------------------------------
Enquiries
Active Energy Group Michael Rowan michael.rowan@aegplc.com
Plc Chief Executive Officer
---------------------------- ----------------------------
Richard Spinks richard.spinks@aegplc.com
Executive Director
---------------------------- ----------------------------
Northland Capital David Hignell/Gerry Beaney Office: +44 (0)20
Partners Limited 3861 6625
Nominated Adviser
---------------------------- ----------------------------
Optiva Securities Graeme Dickson/Ed McDermott Office: +44 (0)20
Ltd Broker 3137 1902
---------------------------- ----------------------------
St Brides Partners Susie Geliher / Gaby Jenner info@stbridespartners.co.uk
Financial PR Adviser Office: +44 (0) 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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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