REG - Active Energy Group - Issue of Equity

Active EnergyAnnouncement

30/05/2018 07:05

RNS Number : 5945P
Active Energy Group PLC
30 May 2018
 


Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy
30 May 2018
Active Energy Group Plc ('Active Energy', the 'Company' or the 'Group')
Conversion of Loan Notes
 
Active Energy, the London quoted international biomass based renewable energy and forestry management business, announces that certain holders of convertible loan notes issued by the Company on 14 March 2018  (the "Notes") has elected to convert a total of 400,000 Notes into new ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares") pursuant tothe terms of the Notes.
 
Accordingly, 12,137,763 new Ordinary Shares (the "Conversion Shares") have been issued to the Noteholders at a price of 3.2955p each, in accordance with the terms of the Notes.
 
Total Voting Rights
Application has been made for the Conversion Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will commence at 8:00am on or around 4 June 2018.
 
Following Admission, the Company's enlarged issued share capital will comprise 1,032,704,504 Ordinary Shares with voting rights. The Company currently holds 33,212,841 Ordinary Shares in Treasury and the figure of 999,491,663 Ordinary Shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
 
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
**ENDS**
 
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
Executive Chairman


michael.rowan@aegplc.com
 




 


Richard Spinks
Chief Executive Officer


richard.spinks@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 / Isabel de Salis


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




 
About Active Energy Group:
Active Energy Group Plc (AIM: AEG.L) 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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