REG - Active Energy Group - Result of AGM and Share Sub-division

Active EnergyAnnouncement

27/02/2025 15:45

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RNS Number : 7672Y  Active Energy Group PLC  27 February 2025

Active Energy Group Plc

 

("Active Energy" or the "Company")

 

Result of AGM and Share Sub-division

 

Active Energy (AIM:AEG, OTCQB:ATGVF), the international biomass based
renewable energy business, announces that at the Company's annual general
meeting (the "AGM"), held earlier today, all the resolutions proposed at the
AGM were duly passed. The proxy votes received from shareholders on each
resolution are set out below.

 

Resolutions 1 to 8 inclusive were proposed as ordinary resolutions and
Resolutions 9 and 10 were proposed as special resolutions of the Company.

 

Full details of the resolutions are set out in the Notice of AGM, published on
the Company's website at:

https://www.aegplc.com/ (https://www.aegplc.com/)

 

 Resolution  Votes for             % of votes cast  Votes against  % of votes cast  Votes total*  % of share capital  Votes withheld**
 1           23,689,290      97.9                   497,547        2.1              24,186,837    14.9                220,597
 2           22,973,699      95.0                   1,213,135      5.0              24,186,834    14.9                220,567
 3           23,666,876      97.9                   519,928        2.1              24,186,804    14.9                220,597
 4           22,465,198      92.9                   1,721,636      7.1              24,186,834    14.9                220,567
 5           22,467,461      92.9                   1,719,343      7.1              24,186,804    14.9                220,597
 6           22,644,303            94.3             1,378,985      5.7              24,023,288    14.8                384,114
 7           22,643,316            94.3             1,379,972      5.7              24,023,288    14.8                384,114
 8           23,689,256            97.9             497,548        2.1              24,186,804    14.9                220,597
 9           22,530,408            93.9             1,464,263      6.1              23,994,671    14.8                412,730
 10          22,396,429            92.6             1,790,375      7.4              24,186,804    14.9                220,597

 

 *   Total votes cast do not include withheld votes
 **  A vote withheld is not a vote in law and is not counted in the calculation of
     the proportion of votes 'For' or 'Against' any of the resolutions

 

Resolution 4 (Share Sub-division) and Admission

 

As a result of Resolution 4 having been passed at the AGM, shareholders have
approved to sub-divide ("Sub-division") each Ordinary Share into one New
Ordinary Share (of 0.035 pence each in the capital of the Company) and 9 New
Deferred Shares (of 0.035 pence each in the capital of the Company).  The
total nominal value of the Company's entire issued share capital remains the
same following the proposed Sub-division.

 

It is not intended to issue new share certificate(s) to the holders of the New
Ordinary Shares following the Sub-division. Existing share certificate(s) will
remain valid for the same number of shares but with a different nominal value
of 0.035 pence per share. The nominal value of shares already held in CREST
will be updated at approximately 8.00 a.m. on 28 February 2025. The New
Ordinary Shares shall have the same rights as the Existing Ordinary Shares
save as to their nominal value.

 

Application has been made for 161,863,136 New Ordinary Shares to be admitted
to trading on AIM. Dealings in the New Ordinary Shares are expected to
commence at 8:00 a.m. on 28 February 2025 ("New Ordinary Share Admission")
under the same ISIN and SEDOL being GB00BPG7NS80 and BPG7NS8, respectively.

 

Following New Ordinary Share Admission, the share capital of the Company will
remain the same and be comprised of 161,863,136 New Ordinary Shares of which
no shares are held in treasury. Therefore, the total number of voting rights
in the Company is 161,863,136. Shareholders may use this figure as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure and Transparency Rules.

 

Enquiries:

 

 Active Energy Group Plc        Michael Rowan (Chief Executive Officer)                                       info@aegplc.com

                                James Leahy (Non-Executive Chairman)
 Zeus                           Antonio Bossi, Darshan Patel, Alexandra Campbell-Harris (Investment Banking)  Tel: +44 (0) 203 829 5000

 Nominated Adviser and Broker

 

  Website                                 LinkedIn                                                 'X'
 www.aegplc.com (http://www.aegplc.com/)  www.linkedin.com/in/active-energy-group-plc/            Active Energy Group (@aegplc) / X (https://x.com/aegplc)
                                          (http://www.linkedin.com/in/active-energy-group-plc/)

                                                                                                  @aegplc

 

This announcement should be read in conjunction with the Notice of AGM that
was published on 4 February 2025, copies of which are available on the
Company's website at https://www.aegplc.com/ (https://www.aegplc.com/) .
Capitalised terms in this announcement have the same meaning as given in the
Notice of AGM, unless the context provides otherwise.

 

 

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