Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy
2 March 2021
Active Energy Group Plc
('Active Energy', or the 'Company')
Director / PDMR Shareholding
Active Energy, the London quoted international biomass based renewable energy and forestry management business, announces the following dealing in the Company's ordinary shares of 0.01 pence each ("Ordinary Shares").
On 1 March 2021 Mr James Leahy, the Company's Chairman, carried out a 'Bed and SIPP' transfer of 3,000,000 Ordinary Shares from his SIPP into a new share dealing account (the "Transfer"). The shares were sold for 1.125 pence per Ordinary Shares and immediately repurchased at 1.125 pence per Ordinary Share.
Following the Transfer, James Leahy remains beneficially interested in 4,000,000 Ordinary Shares which equates to 0.1% of Active Energy's total issued share capital.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
Enquiries:
| Active Energy Group Plc | Michael Rowan Chief Executive Officer Andrew Diamond Chief Financial Officer
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| SP Angel Corporate Finance LLP Nominated Adviser and Joint Broker
| David Hignell / Caroline Rowe | Office: +44 (0)20 3470 0470 |
| Allenby Capital Limited Joint Broker | Nick Naylor / James Reeve / Asha Chotai (Corporate Finance) Amrit Nahal (Sales & Corporate Broking)
| Office: +44 (0)20 3328 5656 |
| Camarco Financial PR Adviser | Gordon Poole / Tom Huddart / Emily Hall | aeg@camarco.co.uk Office: +44 (0) 20 3757 4980 |
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 plant modification. Active Energy Group's immediate strategic focus is the production and commercialisation of CoalSwitch™ and a low emission CoalSwitch™ blend that utilises other waste materials.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | James Leahy | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Chairman | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Active Energy Group plc | ||||
| b) | LEI | 213800P9PW3HJ5YJRK43 | ||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the Financial instrument, type of instrument | Ordinary Shares of 0.01 pence each | ||||
| Identification code | GB00B1YMN108 | |||||
| b) | Nature of the transaction | (i) Sale of 3,000,000 Ordinary Shares from SIPP (ii) Purchase of 3,000,000 Ordinary Shares from new share dealing account | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: - Aggregated volume - Price | N/A Single transaction
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| e) | Date of the transaction | 1 March 2021 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
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