REG - Active Energy Group - Result of AGM

Active EnergyAnnouncement

11/07/2023 14:15

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RNS Number : 6882F  Active Energy Group PLC  11 July 2023

 

11 July 2023

Active Energy Group Plc

("Active Energy" or the "Company")

 

Result of AGM

 

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.

 

A copy of a Company presentation will be available shortly at:
https://www.aegplc.com/ (https://www.aegplc.com/) . In addition an interview
with Michael Rowan, the Company's CEO, and the Company's Executive Management
Team will be available shortly at
https://www.proactiveinvestors.co.uk/LON:AEG/Active-Energy-Group-PLC
(https://www.proactiveinvestors.co.uk/LON:AEG/Active-Energy-Group-PLC) .

 

Resolutions 1 to 6 inclusive were proposed as ordinary resolutions and
Resolutions 7 to 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                   69,587,642  99.96%           29,546         0.04%            69,617,188    43.01%              35,184
 2                   69,514,184  99.85%           103,064        0.15%            69,617,248    43.01%              35,154
 3                   58,773,042  99.82%           103,064        0.18%            58,876,106    36.37%              10,776,296
 4                   69,453,167  99.85%           104,051        0.15%            69,557,218    42.97%              95,184
 5                   51,396,077  73.89%           18,159,894     26.11%           69,555,971    42.97%              96,431
 6           69,379,621          99.66%           237,594        0.34%            69,617,215    43.01%              35,187
 7           48,895,270          99.52%           237,879        0.48%            49,133,149    30.35%              35,188
 8           48,905,841          99.54%           227,306        0.46%            49,133,147    30.35%              35,188
 9           49,035,021          99.80%           98,129         0.20%            49,133,150    30.35%              35,187
 10          49,098,143          99.93%           35,039         0.07%            49,133,182    30.35%              35,154

 

 *   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

 

 

Although resolution 5 was passed, the Board notes that this resolution
received more than 20% of independent votes against the Board's
recommendation.  The Board acknowledges this and remains committed to
continuing an open dialogue with the Company's shareholders on this matter.

 

Enquiries:

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

                                Michelle Fagan (Chief Financial Officer)
 Allenby Capital Limited        Nick Naylor/James Reeve/Daniel Dearden-Williams (Corporate Finance)  Office: +44 (0)20 3328 5656

 Nominated Adviser and Broker   Amrit Nahal (Sales/Corporate Broking)
 Camarco                        Tom Huddart / Emily Hall / Lily Pettifar                             aeg@camarco.co.uk (mailto:aeg@camarco.co.uk)

 Financial PR Adviser                                                                                Office: +44 (0)20 3757 4980
 Scoville PR                    John Williams                                                        aeg@camarco.co.uk

 US PR Adviser

 

 Website         LinkedIn                                Twitter
 www.aegplc.com  www.linkedin.com/company/activeenergy   https://twitter.com/aegplc (https://twitter.com/aegplc)

                                                        @aegplc

 

 

About Active Energy Group:

 

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®.

 

 

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