REG - Active Energy Group - Appointment of Finance Director

Active EnergyAnnouncement

23/11/2020 07:06

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 1st 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 1st 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™ 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 Group Plc


Michael Rowan
Chief Executive Officer
Antonio Esposito
Chief Operations Officer
 


 




SP Angel Corporate Finance LLP
Nominated Adviser and Broker
 


David Hignell / Caroline Rowe


Office: +44 (0)20 3470 0470




Allenby Capital Limited
Joint Broker


Amrit Nahal / Nick Naylor


Office: +44 (0)20 3328 5656




Camarco
Financial PR Adviser


Gordon Poole / Tom Huddart / Emily Hall


aeg@camarco.co.uk
Office: +44 (0) 20 3757 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™ 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™ and a low emission CoalSwitch™ blend that utilises other waste materials.

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