REG - Active Energy Group - Awards under Long-Term Incentive Plan
19/07/2023 07:00
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RNS Number : 4262G Active Energy Group PLC 19 July 2023
19 July 2023
Active Energy Group Plc
("Active Energy" or the "Company")
Awards under the Company's Long-Term Incentive Plan
Active Energy (AIM: AEG, OTCQB: ATGVF) the international biomass based
renewable energy business, announces awards under the Company's new long-term
incentive plan (the "LTIP"). The LTIP, which was approved by the Company's
shareholders at the annual general meeting held on 11 July 2023, has been
designed to incentivise the Company's Directors and members of the Company's
senior management team (together the "Participants").
The LTIP has been established to promote long-term value creation for Active
Energy's shareholders and to align the interests of the Participants with
shareholders. Awards under the LTIP take the form of premium priced options
over the Company's ordinary shares of 0.35 pence each (the "Ordinary
Shares"). Once exercised, the Participants are required to hold the Ordinary
Shares issued to them for a minimum period of six months. The LTIP allows for
up to 12% of the Company's issued share capital from time to time to be
allocated to Participants.
Initial LTIP awards
The Company has today granted options over 8,283,840 Ordinary Shares to
certain Participants (the "Options") under the LTIP. The Options have been
granted in three tranches, with each tranche having a different vesting period
and exercise price, as follows:
· 3,594,470 Options have an exercise price of 8.3 pence per
Ordinary Share (which represents a circa 35% premium to the closing mid-market
price of an Ordinary Share on 18 July 2023, the date prior to grant) and vest
immediately ("Tranche 1");
· 2,344,685 Options have an exercise price of 10 pence per Ordinary
Share (which represents a circa 20% premium over the Tranche 1 exercise price)
and vest on 18 July 2024 ("Tranche 2"); and
· 2,344,685 Options have an exercise price of 12 pence per Ordinary
share (which represents a circa 20% premium over the Tranche 2 exercise price)
and vest on 18 July 2025 ("Tranche 3").
All of the Options expire ten years from the date of grant and are subject to
additional performance related vesting criteria. In total, the Options
represent 5.12% of the Company's current issued Ordinary Shares and, when
taken with the existing options and warrants over Ordinary Shares, the Company
will have options and warrants outstanding over 8.26% of the Company's issued
share capital.
Director and PDMR grants
A total of 3,354,470 Options have been awarded to Directors of Active Energy
and persons discharging managerial responsibilities (as defined in UK MAR)
("PDMRs"):
Director / PDMR Tranche 1 Options awarded Tranche 2 Options awarded Tranche 3 Options awarded Total Options awarded Total number of Options and warrants held now
James Leahy, Chairman 240,000 80,000 80,000 400,000 400,000
Michael Rowan, CEO 1,294,906 971,178 971,178 3,237,262 5,623,855
Max Aitken, NED 60,000 20,000 20,000 100,000 239,360
Jason Zimmermann, NED 60,000 20,000 20,000 100,000 239,360
Michelle Fagan, CFO 404,658 202,329 202,329 809,316 843,312
Steve Schaar, COO 647,453 485,589 485,589 1,618,631 1,618,631
Barron Hewetson, CTO 647,453 485,589 485,589 1,618,631 1,618,312
ENDS
Enquiries:
Active Energy Group Plc Michael Rowan (Chief Executive Officer) info@aegplc.com
Michelle Fagan (Chief Financial Officer)
Allenby Capital Limited Nick Naylor/James Reeve/Daniel Dearden-Williams (Corporate Finance) Office: +44 (0)20 3328 5656
Nominated Adviser and Broker Amrit Nahal (Sales/Corporate Broking)
Camarco Tom Huddart / Emily Hall / Lily Pettifar aeg@camarco.co.uk (mailto:aeg@camarco.co.uk)
Financial PR Adviser Office: +44 (0)20 3757 4980
Scoville PR John Williams aeg@camarco.co.uk
US PR Adviser
Website LinkedIn Twitter
www.aegplc.com www.linkedin.com/company/activeenergy https://twitter.com/aegplc (https://twitter.com/aegplc)
@aegplc
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 significant plant modification. Active Energy Group's immediate
strategic focus is the production and commercialisation of CoalSwitch®.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name James Leahy Chairman
2 Reason for the notification
a) Position/status See 1a)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Active Energy Group plc
b) LEI 213800P9PW3HJ5YJRK43
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options over ordinary shares of GBP0.0035 each in Active Energy Group plc
Identification code
Identification code (ISIN) for First Property Group plc ordinary
shares: GB00BPG7NS80
b) Nature of the transaction Grant of options over ordinary shares
c) Price(s) and volume(s) Price(s) Volume(s)
240,000 8.3 pence
80,000 10 pence
80,000 12 pence
d) Aggregated information 400,000
- Aggregated volume n/a
- Price
e) Date of the transaction 18 July 2023
f) Place of the transaction Outside a trading venue
2
Reason for the notification
a)
Position/status
See 1a)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
Active Energy Group plc
b)
LEI
213800P9PW3HJ5YJRK43
4
Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Options over ordinary shares of GBP0.0035 each in Active Energy Group plc
Identification code (ISIN) for First Property Group plc ordinary
shares: GB00BPG7NS80
b)
Nature of the transaction
Grant of options over ordinary shares
c)
Price(s) and volume(s)
Price(s) Volume(s)
240,000 8.3 pence
80,000 10 pence
80,000 12 pence
d)
Aggregated information
- Aggregated volume
- Price
400,000
n/a
e)
Date of the transaction
18 July 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Michael Rowan CEO
2 Reason for the notification
a) Position/status See 1a)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Active Energy Group plc
b) LEI 213800P9PW3HJ5YJRK43
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options over ordinary shares of GBP0.0035 each in Active Energy Group plc
Identification code
Identification code (ISIN) for First Property Group plc ordinary
shares: GB00BPG7NS80
b) Nature of the transaction Grant of options over ordinary shares
c) Price(s) and volume(s) Price(s) Volume(s)
1,294,906 8.3 pence
971,178 10 pence
971,178 12 pence
d) Aggregated information 3,237,262
- Aggregated volume n/a
- Price
e) Date of the transaction 18 July 2023
f) Place of the transaction Outside a trading venue
2
Reason for the notification
a)
Position/status
See 1a)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
Active Energy Group plc
b)
LEI
213800P9PW3HJ5YJRK43
4
Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Options over ordinary shares of GBP0.0035 each in Active Energy Group plc
Identification code (ISIN) for First Property Group plc ordinary
shares: GB00BPG7NS80
b)
Nature of the transaction
Grant of options over ordinary shares
c)
Price(s) and volume(s)
Price(s) Volume(s)
1,294,906 8.3 pence
971,178 10 pence
971,178 12 pence
d)
Aggregated information
- Aggregated volume
- Price
3,237,262
n/a
e)
Date of the transaction
18 July 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Max Aitken Non-Executive Director
2 Reason for the notification
a) Position/status See 1a)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Active Energy Group plc
b) LEI 213800P9PW3HJ5YJRK43
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options over ordinary shares of GBP0.0035 each in Active Energy Group plc
Identification code
Identification code (ISIN) for First Property Group plc ordinary
shares: GB00BPG7NS80
b) Nature of the transaction Grant of options over ordinary shares
c) Price(s) and volume(s) Price(s) Volume(s)
60,000 8.3 pence
20,000 10 pence
20,000 12 pence
d) Aggregated information 100,000
- Aggregated volume n/a
- Price
e) Date of the transaction 18 July 2023
f) Place of the transaction Outside a trading venue
2
Reason for the notification
a)
Position/status
See 1a)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
Active Energy Group plc
b)
LEI
213800P9PW3HJ5YJRK43
4
Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Options over ordinary shares of GBP0.0035 each in Active Energy Group plc
Identification code (ISIN) for First Property Group plc ordinary
shares: GB00BPG7NS80
b)
Nature of the transaction
Grant of options over ordinary shares
c)
Price(s) and volume(s)
Price(s) Volume(s)
60,000 8.3 pence
20,000 10 pence
20,000 12 pence
d)
Aggregated information
- Aggregated volume
- Price
100,000
n/a
e)
Date of the transaction
18 July 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Jason Zimmermann Non-Executive Director
2 Reason for the notification
a) Position/status See 1a)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Active Energy Group plc
b) LEI 213800P9PW3HJ5YJRK43
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options over ordinary shares of GBP0.0035 each in Active Energy Group plc
Identification code
Identification code (ISIN) for First Property Group plc ordinary
shares: GB00BPG7NS80
b) Nature of the transaction Grant of options over ordinary shares
c) Price(s) and volume(s) Price(s) Volume(s)
60,000 8.3 pence
20,000 10 pence
20,000 12 pence
d) Aggregated information 100,000
- Aggregated volume n/a
- Price
e) Date of the transaction 18 July 2023
f) Place of the transaction Outside a trading venue
2
Reason for the notification
a)
Position/status
See 1a)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
Active Energy Group plc
b)
LEI
213800P9PW3HJ5YJRK43
4
Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Options over ordinary shares of GBP0.0035 each in Active Energy Group plc
Identification code (ISIN) for First Property Group plc ordinary
shares: GB00BPG7NS80
b)
Nature of the transaction
Grant of options over ordinary shares
c)
Price(s) and volume(s)
Price(s) Volume(s)
60,000 8.3 pence
20,000 10 pence
20,000 12 pence
d)
Aggregated information
- Aggregated volume
- Price
100,000
n/a
e)
Date of the transaction
18 July 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Michelle Fagan Chief Financial Officer
2 Reason for the notification
a) Position/status See 1a)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Active Energy Group plc
b) LEI 213800P9PW3HJ5YJRK43
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options over ordinary shares of GBP0.0035 each in Active Energy Group plc
Identification code
Identification code (ISIN) for First Property Group plc ordinary
shares: GB00BPG7NS80
b) Nature of the transaction Grant of options over ordinary shares
c) Price(s) and volume(s) Price(s) Volume(s)
404,658 8.3 pence
202,329 10 pence
202,329 12 pence
d) Aggregated information 809,316
- Aggregated volume n/a
- Price
e) Date of the transaction 18 July 2023
f) Place of the transaction Outside a trading venue
2
Reason for the notification
a)
Position/status
See 1a)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
Active Energy Group plc
b)
LEI
213800P9PW3HJ5YJRK43
4
Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Options over ordinary shares of GBP0.0035 each in Active Energy Group plc
Identification code (ISIN) for First Property Group plc ordinary
shares: GB00BPG7NS80
b)
Nature of the transaction
Grant of options over ordinary shares
c)
Price(s) and volume(s)
Price(s) Volume(s)
404,658 8.3 pence
202,329 10 pence
202,329 12 pence
d)
Aggregated information
- Aggregated volume
- Price
809,316
n/a
e)
Date of the transaction
18 July 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Steve Schaar Chief Operating Officer
2 Reason for the notification
a) Position/status See 1a)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Active Energy Group plc
b) LEI 213800P9PW3HJ5YJRK43
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options over ordinary shares of GBP0.0035 each in Active Energy Group plc
Identification code
Identification code (ISIN) for First Property Group plc ordinary
shares: GB00BPG7NS80
b) Nature of the transaction Grant of options over ordinary shares
c) Price(s) and volume(s) Price(s) Volume(s)
647,453 8.3 pence
485,589 10 pence
485,589 12 pence
d) Aggregated information 1,618,631
- Aggregated volume n/a
- Price
e) Date of the transaction 18 July 2023
f) Place of the transaction Outside a trading venue
2
Reason for the notification
a)
Position/status
See 1a)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
Active Energy Group plc
b)
LEI
213800P9PW3HJ5YJRK43
4
Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Options over ordinary shares of GBP0.0035 each in Active Energy Group plc
Identification code (ISIN) for First Property Group plc ordinary
shares: GB00BPG7NS80
b)
Nature of the transaction
Grant of options over ordinary shares
c)
Price(s) and volume(s)
Price(s) Volume(s)
647,453 8.3 pence
485,589 10 pence
485,589 12 pence
d)
Aggregated information
- Aggregated volume
- Price
1,618,631
n/a
e)
Date of the transaction
18 July 2023
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Barron Hewetson Chief Technical Officer
2 Reason for the notification
a) Position/status See 1a)
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Active Energy Group plc
b) LEI 213800P9PW3HJ5YJRK43
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options over ordinary shares of GBP0.0035 each in Active Energy Group plc
Identification code
Identification code (ISIN) for First Property Group plc ordinary
shares: GB00BPG7NS80
b) Nature of the transaction Grant of options over ordinary shares
c) Price(s) and volume(s) Price(s) Volume(s)
647,453 8.3 pence
485,589 10 pence
485,589 12 pence
d) Aggregated information 1,618,631
- Aggregated volume n/a
- Price
e) Date of the transaction 18 July 2023
f) Place of the transaction Outside a trading venue
2
Reason for the notification
a)
Position/status
See 1a)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
Active Energy Group plc
b)
LEI
213800P9PW3HJ5YJRK43
4
Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Options over ordinary shares of GBP0.0035 each in Active Energy Group plc
Identification code (ISIN) for First Property Group plc ordinary
shares: GB00BPG7NS80
b)
Nature of the transaction
Grant of options over ordinary shares
c)
Price(s) and volume(s)
Price(s) Volume(s)
647,453 8.3 pence
485,589 10 pence
485,589 12 pence
d)
Aggregated information
- Aggregated volume
- Price
1,618,631
n/a
e)
Date of the transaction
18 July 2023
f)
Place of the transaction
Outside a trading venue
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