REG - Active Energy Group - Holding(s) in Company

Active EnergyAnnouncement

06/01/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220106:nRSF6236Xa&default-theme=true

RNS Number : 6236X  Active Energy Group PLC  06 January 2022

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

 

6 January 2022

 

Active Energy Group Plc

("Active Energy" or the "Company")

 

Holding(s) in Company

 

Active Energy, the London AIM-quoted renewable energy business focused on the
production of next generation energy pellets, announces it was notified on 30
December 2021 that following the completion of the Fundraising announced on 9
December 2021, Tyler Player's shareholding in the Company is 375,940,001
ordinary shares. This holding represents approximately 6.64% of the total
voting rights in the Company.

 

Tyler Player is the principal of Player Design Inc., the Company's EPC
contractor for the Ashland facility.

 

Michael Rowan, CEO of Active Energy, commented: "Tyler Player's investment in
the Company is a strong show of confidence in the CoalSwitch(TM) technology.
This alignment of interests is positive as the Company progresses towards
commercialisation of CoalSwitch™."

 

 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 (Corporate Finance)                            Office: +44 (0)20 3328 5656

 NOMAD and Joint Broker      Amrit Nahal (Sales and Corporate Broking)
 Panmure Gordon & Co         John Prior/James Sinclair-Ford/Harriette Johnson (Corporate Finance)   Office: +44 (0)20 7886 2500

 Joint Broker                Hugh Rich (Corporate Broking)
 Camarco                     Gordon Poole/Tom Huddart/Emily Hall                                    aeg@camarco.co.uk

 Financial PR Adviser                                                                               Office: +44 (0)20 3757 4980

 

About Active Energy

 

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™.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  HOLUNONRUNUARRR