REG - Active Energy Group - UAE Project Development Update, Pipeline Expansion

Active EnergyAnnouncement

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RNS Number : 7638V  Active Energy Group PLC  09 March 2026

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
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this inside information is now considered to be in the public domain.

9 March 2026

Active Energy Group plc

 

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

 

UAE Project Development Update, Pipeline Expansion, Board Change and Issue of
Equity

 

Active Energy (AIM: AEG - OTCID: AEUSF), the renewable energy and digital
infrastructure company, provides an update on the development of its United
Arab Emirates ("UAE") infrastructure programme, ongoing regional pipeline
expansion discussions, and announces a board change.

 

UAE Project Development Update

Further to the Company's previous announcement on 13 January 2026 in relation
to the development programme in the UAE, Active Energy confirms that progress
continues at its first 8MW UAE energy and digital infrastructure facility,
which forms part of the Company's strategy to establish scalable hosting
capacity in key Gulf Cooperation Council energy markets.

 

During the final stages of development, the project timeline has been modestly
adjusted to accommodate certain development permitting processes and the
Ramadan period, together with regional logistical considerations arising from
the recent Middle East crisis. These factors have resulted in a minor
extension to the commissioning schedule but have not impacted the underlying
development progress or strategic importance of the project.

 

The Company has now received formal confirmation from its project management
team that handover of the completed site infrastructure, ahead of
energisation, is expected by the end April 2026.

 

Completion of the site will represent an important milestone as Active Energy
enters the next phase of deploying scalable energy capacity to support
high-performance compute and digital infrastructure hosting clients. Based on
current deployment assumptions, the site is projected to generate
approximately US$3,500,000 million in annual revenues, at an estimated c.50%
gross margin, equating to approximately US$1,750,000 million of annual gross
profit once fully operational.

 

UAE Expansion Pipeline

Alongside development of the Company's initial UAE site, Active Energy is
actively evaluating additional opportunities within the region as part of its
strategy to build a broader infrastructure platform.

 

The Company is currently engaged in discussions regarding several potential
additional locations, which could significantly expand its UAE energy and
infrastructure pipeline over time.

 

The Board believes the UAE represents a strategically important market for
competitively priced energy and digital infrastructure, and the Company
continues to assess opportunities to establish a portfolio of energy-connected
sites capable of supporting institutional hosting partners and
high-performance computing applications.

 

Board Change

The Company also announces that James Voce has resigned from the Board of
Active Energy with immediate effect to pursue other business interests.

 

Following Mr Voce's departure, the Board comprises the Chief Executive Officer
and the Non‑Executive Chairman. The Company has commenced a process to
appoint an additional non-executive director. A further announcement will be
made in due course.

 

Settlement of Professional Fees in Shares

In addition, application will be made to the London Stock Exchange for the
admission of a total of 77,586,207 ordinary shares of £0.00035 each
("Ordinary Shares"), at a price of 0.0928 pence reflecting the trailing 10-day
average VWAP at close on 5 March 2026, issued to certain advisers and service
providers in settlement of fees for services provided ("Admission"). The
Directors believe settling these liabilities in equity represents a prudent
use of capital, preserving cash as the Company continues to execute its
development strategy.

 

It is expected that Admission will become effective on or around 13 March
2026. Following Admission, the Company's issued share capital will consist of
3,918,923,304 Ordinary Shares which may be used by shareholders as the
denominator for the calculations by which to determine if they are required to
notify their interest in, or a change to their interest in, the Company under
the FCA's Disclosure Guidance and Transparency Rules.

 

Paul Elliott, Chief Executive Officer of Active Energy, commented:

 

"We are pleased to be entering the final stages of development on our first
UAE site, with infrastructure handover now scheduled ahead of energisation in
April. Establishing operational capacity in the region is an important step in
the execution of our international infrastructure strategy.

 

Alongside this project we continue to progress discussions around additional
locations within the UAE as we look to build a scalable regional platform
capable of supporting growing demand for high-performance compute and digital
infrastructure hosting.

 

Finally, I would like to thank James for his contribution to Active Energy and
wish him every success in his future ventures."

 

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

 Nomad and Broker                         (Investment Banking)

                                          Nick Searle                                             Tel: +44 (0) 203 829 5633

                                          (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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