REG - Active Energy Group - Confirmation of Board Changes

Active EnergyAnnouncement

01/11/2018 08:00

RNS Number : 9568F
Active Energy Group PLC
01 November 2018
 


Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy
1 November 2018
Active Energy Group Plc ('Active Energy' or the 'Group')
Confirmation of Board Changes
 
Active Energy, the London quoted international biomass based renewable energy and forestry management business, announces that further to the announcement of 8 October 2018, Richard Spinks has now formally stepped down from his role on the board of Active Energy to focus on his other business interests including the Group's subsidiary business, Timberlands International Ltd ('Timberlands').
 
Active Energy is cognisant that the Group's Board will now temporarily comprise of only two Directors.  As such the Group's management team are currently evaluating potential new directors to strengthen the Board.  Further announcements will be made regarding the Group's board composition in due course.
 
Active Energy Chief Executive Officer, Michael Rowan, said, "I would like to thank Richard for his significant contributions to the team during his tenure as a director of Active Energy and I look forward to continuing to benefit from his expertise in his new focussed position at Timberlands."  
 
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014 ("MAR"). 
 
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Enquiries & Further Information:
 




Website


LinkedIn


 




www.active-energy.com
www.aeg-plc.com


www.linkedin.com/company/activeenergy
 


 




 




Enquiries




Active Energy Group Plc


Michael Rowan
Chief Executive Officer (Active Energy)


info@aegplc.com
 




Northland Capital Partners Limited
Nominated Adviser
 


David Hignell / Gerry Beaney


Office: +44 (0)20 3861 6625




Optiva Securities Ltd Broker


Graeme Dickson / Ed McDermott


Office: +44 (0)20 3137 1902




St Brides Partners
Financial PR Adviser


Susie Geliher / Gaby Jenner


info@stbridespartners.co.uk
Office: +44 (0) 20 7236 1177




 
About Active Energy Group:
Active Energy Group Plc (AIM: AEG) is a London Stock Exchange-listed international renewable energy business based upon forestry assets.  Its model is focussed on capturing the entire forestry value chain through sourcing, utilising and commercialising assets, and setting a new standard in the sustainable management and optimisation of timber resources.
 
The Company is led by a highly technical and commercial team with the experience to execute its defined growth strategy and build its visibility, primarily as a London-listed timber opportunity with a revolutionary biomass fuel technology.
 




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