Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy
6 July 2021
Active Energy Group Plc
("Active Energy", "AEG", or the "Company")
Holding(s) in Company
Active Energy, the London quoted renewable energy company focused on the production and development of next generation biomass products, was notified on 5 July 2021 that Gravendonck Private Foundation ("Gravendonck") has disposed of a total of 121,625,000 ordinary shares of 0.01p each in the Company ("Ordinary Shares").
The disposals took place over various dates as summarised in the table below (the "Disposals"):
| Date of Disposal | Number of Ordinary Shares | Price of Disposal (p) |
| 4 March 2021 | 4,000,000 | 1.15 |
| 7 April 2021 | 5,000,000 | 1.0 |
| 12 April 2021 | 8,500,000 | 0.938 |
| 30 April 2021 | 8,500,000 | 0.84 |
| 7 June 2021 | 46,500,000 | 0.7 |
| 2 July 2021 | 49,125,000 | 0.6 |
Following the Disposals, Gravendonck is beneficially interested in 832,362,189 Ordinary Shares, representing 21.3% of the Company's total issued share capital with voting rights.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
ENDS
| Enquiries | ||
| Active Energy Group Plc | Michael Rowan (Chief Executive Officer) Andrew Diamond (Chief Financial Officer) | info@aegplc.com |
| SP Angel Corporate Finance LLP Nominated Adviser and Joint Broker | David Hignell / Caroline Rowe Rob Rees (Sales) | Office: +44 (0)20 3470 0470 |
| Allenby Capital Limited Joint Broker | Nick Naylor/James Reeve (Corporate Finance) Amrit Nahal (Sales/Corporate Broking) | Office: +44 (0)20 3328 5656 |
| Camarco Financial PR Adviser | Gordon Poole / Tom Huddart / Emily Hall | Office: +44 (0)20 3757 4980 |
About Active Energy Group:
Active Energy Group plc is a London listed (AIM: AEG) renewable energy company focused on the production and development of next generation biomass products that have the potential to transform the traditional coal-fired power industry and existing renewable biomass industry.
The Company has developed a proprietary technology which transforms waste biomass material into high-value renewable fuels. Its patented product CoalSwitchTM is a leading drop-in renewable fuel that can be co-fired with coal, completely replace coal as an alternative feedstock without requiring significant plant modifications or replace existing biomass feedstock resources. Active Energy Group's immediate strategic focus is the production and commercialisation of CoalSwitchTM and further CoalSwitchTM fuel blends that utilise other waste wood and residual materials.
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