REG - Active Energy Group - Cash Received from Player Design Inc.

Active EnergyAnnouncement

06/03/2024 07:00

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RNS Number : 7166F  Active Energy Group PLC  06 March 2024

6 March 2024

Active Energy Group Plc

("Active Energy" or the "Company")

Cash Received from Player Design Inc.

Active Energy (AIM: AEG, OTCQB: ATGVF), the international biomass based
renewable energy business, announces that the Company has received the cash
payment of $1,650,000 from the PDI Parties pursuant to the Settlement
Agreement, details of which were announced on 5 March 2024.

The Board continues to examine the most expedient ways to commence
CoalSwitch® fuel production, using its proprietary technologies, and will
provide an update to shareholders at the earliest opportunity.

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

 Financial PR Adviser                                                                                 Office: +44 (0)20 3757 4980
 Scoville PR                    John Williams                                                         jwilliams@scovillepr.com

 US PR Adviser

 

 Website         LinkedIn                                         Twitter
 www.aegplc.com  www.linkedin.com/in/active-energy-group-plc/     https://twitter.com/aegplc (https://twitter.com/aegplc)

                                                                 @aegplc

 

About Active Energy Group

Headquartered in London with operations in the United States, Active Energy
Group plc (AIM: AEG, OTCQB:ATGVF) is a biomass-based renewable energy company
focused on the production and development of next generation biomass products
that have the potential to transform coal fired power and heavy industries and
the existing renewable biomass industry.

Active Energy has developed a proprietary technology which transforms waste
biomass material into high-value renewable fuels. Its patented product
CoalSwitch® is a leading drop-in biomass renewable fuel that can be blended
and co-fired with coal at any ratio without requiring significant plant
modification or wholly replacing existing biomass fuels.

 

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