REG - Active Energy Group - Director Share Purchases <Origin Href="QuoteRef">AEGR.L</Origin>

Active EnergyAnnouncement

02/11/2016 12:05

RNS Number : 1464O
Active Energy Group PLC
02 November 2016
2 November 2016
Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy
Active Energy Group plc ("Active Energy", "AEG" or the "Company")
Director Share Purchases
Active Energy, the London quoted renewable energy, forestry management and timber processing business, has been advised that the following directors purchased ordinary shares of 1p in the Company ("Ordinary Shares") on 1 November 2016.
Name
Price ()
Number of Ordinary Shares Purchased
Beneficial interest in Ordinary Shares following purchase
% of Total Voting Rights in the Company following purchase
Richard G Spinks (CEO)
0.03
63,000
10,225,000
1.55
Brian Evans-Jones (CFO)
0.0286
150,000
1,650,000
0.25
Michael Rowan 
(Non-Exec Chairman)
0.029
160,000
3,011,250
0.46
Richard Spinks, Chief Executive Officer of Active Energy said: "This purchase of Ordinary Shares in the open market from three directors, which swiftly follows the decision of our major investor and CoalSwitch partners to align themselves with Active Energy shareholders by converting their interests to AEG equity, highlights the confidence that we, as a group, have in the Company's future. Our pelleted CoalSwitch product, which is now being commercialised following successful trials with the University of Utah, has the potential to revolutionise the power generation industry; an opportunity we the Board of Active Energy are focussed on capitalising on in the near term. The commercialisation of CoalSwitch will complement our additional interests, which are focussed on the sourcing, management and sustainable utilisation of forests; AEG TimberLands and our profitable AEG WoodFibre business." 
__________________________________________________________________________________________________________________
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. 
Details of the person discharging managerial responsibilities / person closely associated
a)
Name 
Richard G Spinks
2. 
Reason for the Notification
a)
Position/status
CEO
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
Pending
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
Ordinary Shares of 1p each
Identification code
b)
Nature of the transaction
Purchase of shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
3p
63,000
d)
Aggregated information:
 Aggregated volume
 Price
e)
Date of the transaction
1 November 2016
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
5. 
Details of the person discharging managerial responsibilities / person closely associated
a)
Name 
Brian Evans-Jones
6. 
Reason for the Notification
a)
Position/status
CFO
b)
Initial notification/Amendment
Initial Notification
7. 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Active Energy Group plc
b)
LEI
Pending
8. 
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
Ordinary Shares of 1p each
Identification code
b)
Nature of the transaction
Purchase of shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
0.0286p
150,000
d)
Aggregated information:
 Aggregated volume
 Price
e)
Date of the transaction
1 November 2016
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
9. 
Details of the person discharging managerial responsibilities / person closely associated
a)
Name 
Michael Rowan
10. 
Reason for the Notification
a)
Position/status
Non Exec Chairman
b)
Initial notification/Amendment
Initial Notification
11. 
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Active Energy Group plc
b)
LEI
Pending
12. 
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
Ordinary Shares of 1p each
Identification code
b)
Nature of the transaction
Purchase of shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
2.9p
160,000
d)
Aggregated information:
 Aggregated volume
 Price
e)
Date of the transaction
1 November 2016
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)
**ENDS**
Enquiries & Further Information
Website
LinkedIn
Twitter
www.active-energy.com 
www.linkedin.com/company/activeenergy 
www.twitter.com/aegplc (@aegplc)
Enquiries
Active Energy Group Plc
Richard Spinks
Chief Executive Officer
richard.spinks@active-energy.com
Int: +380 503 942 702
Brian Evans-Jones
Chief Financial Officer
brian.evans-jones@active-energy.com
UK: +44 (0)7500 861 696
Ukraine: +380 955 227 745
Northland Capital Partners Limited
Nominated Adviser & Broker
Patrick Claridge/David Hignell/Gerry Beaney (Corporate Finance)
John Howes/Rob Rees 
(Sales and Broking)
Office: +44 (0)20 3861 6625
St Brides Partners
Financial PR Adviser
Susie Geliher/Megan Dennison 
info@stbridespartners.co.uk
Office: +44 (0) 20 7236 1177
About Active Energy Group 
Active Energy Group Plc ("Active Energy" or "AEG") is an AIM quoted company operating internationally across the entire timber supply chain - from forest to factory and fuel. 
Active Energy's vertically-integrated business units provide timberland development services for forestry owners, industrial wood fibre for MDF manufacturers, and second-generation biomass coal replacement fuels for industrial power generators.
Active Energy has three divisions:
 AEG TimberLands: Forestry Asset Management and Development
 AEG WoodFibre: Industrial Wood Fibre for Medium-Density Fibreboard (MDF) Manufacturing
 AEG CoalSwitch: Advanced Biomass Coal Replacement Fuels and Fuel Processing Systems
Active Energy's relationships with forestry owners through its AEG TimberLands operation allows the Company to maximise the value of its standing timber assets, converting low-grade material - primarily non-saw logs/technical lumber and forestry thinnings - into industrial wood fibre for MDF manufacturing via Active Energy's AEG WoodFibre division. This vertically integrated model also provides feedstock for the Company's AEG CoalSwitch joint venture, which generates green energy power generation from biomass. 

This information is provided by RNS
The company news service from the London Stock Exchange
  END
DSHFSMFFEFMSEDF