REG - Active Energy Group - Commencement of trading on OTCQB Market in US

Active EnergyAnnouncement

05/08/2022 07:00

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RNS Number : 0138V  Active Energy Group PLC  05 August 2022

Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy

 

05 August 2022

Active Energy Group Plc

("Active Energy" or the "Company")

 

Active Energy commences trading on the OTCQB Market in United States

 

Active Energy, the London quoted international biomass based renewable energy
business, is pleased to announce that trading in the Company's ordinary
shares ("Ordinary Shares") will begin today on the OTCQB Venture Market
("OTCQB"), in the United States, under the ticker symbol "ATGVF".

 

Trading on the OTCQB will have no direct impact on the trading of Active
Energy's existing Ordinary Shares on AIM and no new Ordinary Shares will be
issued as part of the cross-trade. The Company will continue to rely on the
announcements and disclosures it makes to the London Stock Exchange and will
have no Sarbanes-Oxley or SEC reporting requirements.

 

The Company believes that having its Ordinary Shares traded on the OTCQB will
provide enhanced investor benefits, including easier trading access for
investors located in the US, and greater liquidity due to
a broader geographic pool of potential investors.

 

Michael Rowan, Chief Executive of Active Energy, said: "Joining OTCQB is
strategically important for AEG. We are a business with solely US operations,
an increasing profile amongst US customers and an ambition to commence
production, alongside joint venture partners, on the East and West coast. We
are therefore pleased to be able to offer prospective US shareholders the
opportunity to invest in AEG's exciting growth trajectory alongside our
current UK investors."

 

Jonathan Dickson, Vice President of Corporate affairs, OTC said: " We are
delighted to welcome Active Energy Group PLC to the OTCQB Venture Market in
the United States. With AEG's primary listing remaining on London's AIM the
OTCQB Market's cross trading facility will allow Active Energy Group to
broaden its horizons and provide investors in the United States with the
ability to access the Company's Ordinary Shares in U.S. dollars and during
U.S. market hours."

 

 

 

 Enquiries
 Active Energy Group Plc        Michael Rowan (Chief Executive Officer)                             info@aegplc.com

                                Andrew Diamond (Chief Financial Officer)

 Allenby Capital Limited        Nick Naylor / James Reeve / Freddie Wooding (Corporate Finance)   Office: +44 (0)20 3328 5656

 Nominated Adviser and Broker   Amrit Nahal (Sales/Corporate Broking)

 Camarco                        Georgia Edmonds / Tom Huddart / Emily Hall                        aeg@camarco.co.uk (mailto:aeg@camarco.co.uk)

 Financial PR Adviser                                                                             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 significant plant modification. Active Energy Group's immediate
strategic focus is the production and commercialisation of CoalSwitch®.

 

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