REG - Active Energy Group - Result of Substantially Oversubscribed Placing

Active EnergyAnnouncement

08/07/2025 07:00

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RNS Number : 0730Q  Active Energy Group PLC  08 July 2025

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS
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CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY
PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN
ACTIVE ENERGY GROUP PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS
ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION SHALL FORM THE BASIS OF, OR BE
RELIED ON IN CONNECTION WITH, ANY INVESTMENT DECISION IN RESPECT OF ACTIVE
ENERGY GROUP PLC OR ANY OTHER ENTITY.

THE CONTENT OF THIS ANNOUNCEMENT HAS NOT BEEN APPROVED BY AN AUTHORISED PERSON
WITHIN THE MEANING OF THE FINANCIAL SERVICES AND MARKETS ACT 2000. RELIANCE ON
THIS ANNOUNCEMENT FOR THE PURPOSE OF ENGAGING IN ANY INVESTMENT ACTIVITY MAY
EXPOSE AN INDIVIDUAL TO A SIGNIFICANT RISK OF LOSING ALL OF THE PROPERTY OR
OTHER ASSETS INVESTED.

 

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO
CONSTITUTE INSIDE INFORMATION STIPULATED UNDER THE MARKET ABUSE REGULATION
(EU) NO. 596/2014 AS IT FORMS PART OF THE DOMESTIC LAW OF THE UNITED
KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED)
("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA THE REGULATORY
INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE
PUBLIC DOMAIN.

 

8 July 2025

Active Energy Group plc

 

("Active Energy", the "Company" or the "Group")

 

Result of Substantially Oversubscribed Placing and Total Voting Rights

 

Active Energy (AIM: AEG, OTCQB: ATGVF), the biomass-based renewable energy
company focused on the production and development of next generation biomass
products, announces that, further to the announcement at 4.35 p.m. on 7 July
2025 (the "Announcement"), it has conditionally completed and closed the
substantially oversubscribed Placing to raise gross proceeds of £346,180
(before expenses) after scaling back.

 

The Placing Price of 0.1 pence represents a discount of 66.6 per cent. to the
closing middle market price of 0.3 pence per Ordinary Shares on 4 July 2025,
being the last business day prior to the announcement of the Placing.

 

Zeus Capital Limited is acting as Bookrunner for and on behalf of the Company
in respect of the Placing. The Placing was undertaken through an accelerated
bookbuild process.

 

The Placing has conditionally raised gross proceeds of £346,180 through the
placing of 346,180,628 Placing Shares to certain institutional and other
investors.

 

Upon completion of the Placing, and conditional upon the grant of the
necessary shareholder authorities to enable the Company to issue rights to
subscribe for additional Ordinary Shares free of existing shareholders'
pre-emption rights, the Company will issue warrants to Zeus to subscribe new
ordinary shares representing 2% of the Enlarged Issued Share Capital
exercisable at the Placing Price at any time within five years from date of
grant (with a 3 months' extension in limited circumstances). The warrants will
also include anti-dilution provisions and certain other customary provisions
for the benefit of warrant holders.

Admission

Application has been made to the London Stock Exchange for admission of the
346,180,628 Placing Shares to trading on AIM ("Admission"). It is expected
that Admission will become effective and dealings in the Placing Shares will
commence at 8.00 a.m. on 11 July 2025.

Following the Admission, the Company's issued ordinary share capital will
comprise 508,043,764 Ordinary Shares, with no shares held in treasury.
Therefore, the number of total voting rights in the Company will be
508,043,764, and this figure may be used by Shareholders 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 voting rights
of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms used but not defined in this announcement have the meanings
given to them in the Company's announcement released at 4.35 p.m. on 7 July
2025 in respect of the Proposed Placing and BTC Focused Treasury Policy unless
the context provides otherwise.

Enquiries:

 

 Active Energy Group Plc                  Paul Elliott (CEO)                                      info@aegplc.com

                                          Pankaj Rajani (Non-Executive Chairman)

 Zeus                                     Antonio Bossi / Darshan Patel                           Tel: +44 (0) 203 829 5000

 Nominated Adviser and Broker             (Investment Banking)

                                          Nick Searle

                                          (Sales)

 Website                                  LinkedIn                                                 'X'

 www.aegplc.com (http://www.aegplc.com/)  www.linkedin.com/in/active-energy-group-plc/            (@aegplc) / X (https://x.com/aegplc)
                                          (http://www.linkedin.com/in/active-energy-group-plc/)

 

 

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