REG - Active Energy Group - Directorate Change <Origin Href="QuoteRef">AEGR.L</Origin>

Active EnergyAnnouncement

16/07/2015 11:55

RNS Number : 7801Q
Active Energy Group PLC
22 June 2015
22 June 2015
Active Energy Group Plc
("Active Energy Group" or the "Group" or the "Company" or "AEG")
Directorate Change
Active Energy Group Plc (AIM: AEG.L), the London Stock Exchange AIM-quoted international supplier of industrial wood chip for MDF manufacturing and Biomass for Energy (BFE) power generation, global forestry and natural resources development services, and Biomass for Energy (BFE) fuel solutions and systems, announces that Giuseppe (Joseph) Valoroso has resigned as a Non-Executive Director of the Board with effect from 22 June 2015. 
The process of recruiting a new Non-Executive Director has already begun, and a further announcement will be made in due course.
Richard Spinks, CEO of Active Energy Group Plc, said "On behalf of my co-Directors, I thank Joseph for his support and advice over a period of substantial change for AEG, and they join me in wishing him well for the future."
"The Board is working to recruit a new Non-Executive Director to further strengthen its skills and experience, and we anticipate making an announcement in the near future."
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NOTES TO EDITORS & CONTACT INFORMATION
ABOUT ACTIVE ENERGY GROUP PLC:
Active Energy Group Plc is a London Stock Exchange AIM-quoted company (AIM: AEG.L). Headquartered in the UK, it is a fast-expanding international business, which has experienced exceptionally strong growth and diversification into complementary industry sectors since the current management team assumed responsibility in mid-2012.
The Group has considerable expertise across the entire timber industry supply chain - from forest to finished product. 
Its four specialist business divisions, which reflect its knowledge and experience and which work together to maximise commercial opportunities, focus on providing products and services to specific global market sectors:
 Forestry & Natural Resources Development and Management
 Wood Chip for Medium-Density Fibreboard (MDF) Manufacturing
 Wood Chip for Biomass for Energy (BFE) Power Generation
 Second Generation Biomass for Energy (BFE) Fuel Solutions and Systems
Active Energy Group Plc operates from four international locations:
 Ukraine, where it is the largest producer and exporter of wood chip for MDF manufacturing.
 Canada, where it has entered into a landmark joint venture - KAQUO Forestry & Natural Resources Development Corporation - with several indigenous Mtis Settlements to commercialise in excess of 250,000 hectares of their lands, containing valuable forests and natural resources, including oil and gas reserves.
 Spain, from where it sources finished wood chip for export to international customers.
 United Kingdom, where it operates a research & development facility for new BFE fuel technologies.
Ukraine and Canada, with their large forestry reserves and comprehensive road, rail and sea transport links, are ideal locations from which to source raw timber and manufacture wood chip and fuel pellets for supply to MDF producers and Biomass power plants.
In addition to its existing activities, the Group is actively developing innovative Biomass fuel solutions, converting waste wood and industrial/agricultural by-products into feedstock for clean energy power generation as a direct replacement for coal.
Active Energy Group Plc is led by a highly experienced and dedicated management team with a proven track record in the industries and regions in which it operates and from which its revenues are generated. 
The Company has grown significantly in recent years, and has established a firm foundation, excellent reputation and international customer base upon which to build for the future.
COMPANY WEBSITE:
www.active-energy.com
ENQUIRIES:
Active Energy Group Plc
Richard Spinks, Chief Executive Officer richard.spinks@active-energy.com Intl.: +39 344 111 6071
 Ukraine: +380 503 942 702
Mark Broomer, Corporate Communications mark.broomer@active-energy.com Intl.: +972 (0)54 575 3091
 UK: +44 (0)7703 18 88 18
6 Hillgrove Public Relations
Richard Hillgrove richard.hillgrove@6hillgrove.com Office: +44 (0)203 603 0366
 Mobile: +44 (0)7773 777 790
John Price john.price@6hillgrove.com Office: +44 (0)203 603 0366
  Mobile: +44 (0)796 847 6241
WH Ireland Ltd. (Nominated Adviser and Broker)
Chris Fielding/Mark Leonard Office: +44 (0)20 7220 1666

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