REG - Active Energy Group - Nominated Adviser Status

Active EnergyAnnouncement

11/12/2018 07:06

RNS Number : 0305K
Active Energy Group PLC
11 December 2018
 


Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy
 
11 December 2018
Active Energy Group Plc ('Active Energy', 'AEG' or the 'Company')
 
Nominated Adviser Status
 
Active Energy, the London quoted international biomass based renewable energy and forestry management business, announces that the Directors have been advised by its current nominated adviser ("Nomad"), Northland Capital Partners Limited ("Northland") of its proposed merger with SP Angel Corporate Finance LLP ("SP Angel"). Northland has voluntarily agreed to relinquish its Nomad status and will be removed from the register of Nomads with effect from 7am on 1 February 2019.
 
As a result, it is the intention of the Directors to transition the Company's Nomad role from Northland to SP Angel. This process has already started and at present the Company anticipates an orderly transition of the Nomad role.
 
However, AEG recognises that the merger remains subject to regulatory approvals and due diligence. In accordance with AIM Rule 1, if in the unlikely event that the Company fails to appoint a new Nomad by 1 February 2019 the Exchange will suspend trading in the Company's AIM Securities. In the unlikely event that the Company has failed to appoint a replacement Nomad by 4 March 2019 the admission of its AIM Securities will be cancelled. 
 
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
Chief Executive Officer (Active Energy)


michael.rowan@aegplc.com
 




Northland Capital Partners Limited
Nominated Adviser
 


David Hignell / Gerry Beaney / Domile Andruskeviciute


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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