RCS - Active Energy Group - Non-binding Heads of Terms Signed

Active EnergyAnnouncement

Thu 07:30

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RNS Number : 8899Q  Active Energy Group PLC  29 January 2026

This is a Reach (i.e. non-regulatory) announcement and the information
contained is not considered to be material or to have a significant impact on
management's expectations of the Company's performance

 

29 January 2026

 

Active Energy Group plc

("Active Energy", the "Company" or the "Group")

 

Non-binding Heads of Terms Signed

Further to its announcement on 26 January 2026 regarding the proposed
formation of a joint venture ("JV") in the United Arab Emirates ("UAE"),
Active Energy Group plc (AIM: AEG, OTC: AEUSF), the renewable energy and
digital infrastructure company, confirms that a non-binding Heads of Terms
have now been signed with its UAE partners.

It has been agreed that the JV will operate through a, to be established,
UAE-domiciled special purpose vehicle ("SPV"), Active Mining Group, with the
domain activemining.com.

 

The Heads of Terms have been entered into with Segments Cloud Hash FZ LLC, a
technical and ASIC mining operator with significant operational experience in
the sector, and LC Group FZE, which brings extensive commercial, sales and
marketing expertise together with established international client
relationships (together, the "Partners").

 

Under the proposed structure, the Partners will hold a 20% equity interest
each, with Active Energy retaining a 60% controlling shareholding. Active
Energy will lead strategy and oversight, and the JV is intended to support the
efficient utilisation and phased expansion of the Group's UAE digital
infrastructure capacity.

A further announcement will be made as the arrangements progress.

Paul Elliott, CEO of Active Energy Group plc, commented:

"We see this joint venture as an important foundation in delivering our
proposed 100MW UAE strategic plan. By partnering with best-in-class operators,
we can combine deep technical capability with established international sales
reach, without placing undue demands on internal resources or central capital
expenditure. The partners bring complementary strengths and are well aligned
with Active Energy's strategy, and we believe this structure provides a
scalable and disciplined framework for growth."

Abdul Hakeem, CEO of Segments, commented:

"This is a unique opportunity to partner with Active Energy Group, a UK-quoted
and professionally managed company with a clear strategy, strong governance
and access to capital markets. AEG is a dynamic business with clear momentum
in the digital infrastructure sector and access to ultra-low-cost energy. We
are pleased to contribute our technical expertise and operational capacity to
the partnership and look forward to supporting the scalable build-out of the
platform, including progression toward the Group's longer-term 100MW
objectives."

Enquiries:

 

 Active Energy Group Plc                  Paul Elliott (CEO)                                      info@aegplc.com

                                          Pankaj Rajani (Non-Executive Chairman)

 Website                                  LinkedIn                                                 'X'

 www.aegplc.com (http://www.aegplc.com/)  www.linkedin.com/in/active-energy-group-plc/            (@aegplc) / X (https://x.com/aegplc)
                                          (http://www.linkedin.com/in/active-energy-group-plc/)

 

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