REG - Active Energy Group - Completion of Ghummud Acquisition, Issue of Equity

Active EnergyAnnouncement

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RNS Number : 7172Z  Active Energy Group PLC  09 April 2026

9 April 2026

Active Energy Group plc

 

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

 

Completion of Ghummud Acquisition, Issue of Equity and TVR

 

Active Energy (AIM: AEG | OTC: AEUSF) is pleased to announce the completion of
the acquisition of the Ghummud grid connection asset in Abu Dhabi (the
"Asset"), as previously announced on 10 March 2026.

 

The Asset comprises a 3.5 megavolt-ampere ("MVA") live grid connection, with
an active transformer and associated electrical infrastructure, providing
approximately 2.975 megawatts ("MW") of immediately available capacity.

 

This acquisition represents a key early building block in the Company's
strategy to scale to 100 MVA of energised capacity within the next 18 months,
alongside the previously announced 8 MVA project (on 1 October 2025) and the
Kazna 1.5 MVA site (on 17 March 2026).

 

Investment Case

 

The acquisition provides the Company with immediate access to energised power
capacity with no development lead time. The Asset was acquired at an implied
value of approximately £0.57 million per MW, representing a discount to
prevailing global benchmarks. This compares favourably with estimated UK
replacement costs of between £1.0 million and £1.5 million per MW and also
demonstrates a significant cost advantage relative to comparable digital
infrastructure deployment costs in the United States. The transaction
structure is capital‑efficient, combining a premium equity component
alongside deferred cash consideration, and offers a clear and defined pathway
to near‑term revenue generation and cash flow.

 

The Board believes that the acquisition of Ghummud clearly demonstrates the
Company's ability to source and aggregate scarce, high‑quality
ultra-low-cost power assets at attractive entry valuations, thereby
establishing a strong foundation for the development of a scalable digital
infrastructure platform.

 

Financial Potential

 

Based on internal estimates and current assumptions regarding power pricing,
deployment timelines and customer contracting, the Ghummud site has the
potential, once fully deployed and subject to securing and maintaining
appropriate customer contracts, to generate approximately US$1.8 million in
annual gross revenue.

 

Under these same assumptions, the site is expected to generate between US$0.8
million and US$0.9 million of annual free cash flow at steady state. On this
basis, and subject to the successful execution of the Company's deployment and
commercial strategy, the Board believes that the project could deliver a
relatively short payback period of approximately three years.

 

Consideration

 

The total consideration for the acquisition is £2.0 million. This comprises
£1.0 million to be satisfied through the issue of 909,090,909 new ordinary
shares at a price of 0.11 pence per share, which will be subject to a
12‑month lock‑in arrangement ("Consideration Shares"), together with £1.0
million of deferred cash consideration payable over a 12‑month period.
Initial operating profits from the asset are expected to contribute towards
the final deferred payment. The Board believes that this transaction structure
aligns the interests of all parties, preserves near‑term liquidity and
supports the self‑funded scaling of the Company's digital infrastructure
platform.

 

Next Steps

 

The Company will now proceed with the deployment of modular infrastructure at
the site and progress discussions in respect of off‑take arrangements, with
the objective of bringing the asset into near‑term revenue generation.

 

Admission and Total Voting Rights

 

Application will be made for the Consideration Shares to be admitted to
trading on AIM ("Admission"). Admission is expected to occur, and dealings to
commence, at 08:00 a.m. on 14 April 2026.

 

Following Admission, the Company's issued share capital will comprise
5,225,482,784 Ordinary Shares, each carrying one voting right. The Company
holds no Ordinary Shares in treasury. Therefore, the total number of voting
rights in the Company from Admission will be 5,225,482,784, which may be used
by shareholders as the denominator for calculations under the FCA's Disclosure
Guidance and Transparency Rules.

 

Paul Elliott, CEO of Active Energy, commented:

 

"Completion of Ghummud is an important step in executing our strategy to build
a scaled portfolio of energised infrastructure assets. Alongside our 8 MVA
project and the Kazna site, this marks the beginning of a clear pathway
towards our targeted 100 MVA platform.

 

We are securing live capacity at a substantial discount to replacement cost
and below comparable US deployment metrics, while avoiding the delays and
capital intensity of new-build infrastructure.

 

This combination of capital discipline, speed to deployment and strong
underlying economics is what we believe will drive significant value as we
continue to scale."

 

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

                                          Pankaj Rajani (Non-Executive Chairman)

 Zeus                                     Antonio Bossi / Darshan Patel                           Tel: +44 (0) 203 829 5000

 Nomad and Broker                         (Investment Banking)

                                          Nick Searle                                             Tel: +44 (0) 203 829 5633

                                          (Sales)

 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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