Less Ads, More Data, More Tools Register for FREE

Pin to quick picksActive Energy Share News (AEG)

Share Price Information for Active Energy (AEG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.21
Bid: 0.17
Ask: 0.25
Change: 0.00 (0.00%)
Spread: 0.08 (47.059%)
Open: 0.21
High: 0.21
Low: 0.21
Prev. Close: 0.21
AEG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Active Energy Raises USD3.4 Million To Purchase Site In North Carolina (ALLISS)

Mon, 04th Mar 2019 13:22

LONDON (Alliance News) - Active Energy Group PLC on Monday said it has entered into agreement with Alamac Holdings LLC to acquire an industrial site in Lumberton, North Carolina.

The renewable energy company said the acquired site will become the new base for its CoalSwitch operations in the US and house the first permanent production facility for CoalSwitch.

The site, which includes up to 415,000 square feet of covered factory space and 151 acres of surrounding land, was purchased for USD3.3 million, Active Energy said.

To partly fund the transaction, Active Energy said it has completed a fund raising of USD3.4 million through the subscription of convertible loan notes by new and existing institutional investors.

"We continue to make progress on delivering our first commercial CoalSwitch product to market, which is now our main focus," said Active Energy Chief Executive Michael Rowan.

"The acquisition of the Lumberton site is part of this strategy and I believe the fundraise is an endorsement of our drive to prioritise near term revenue generative opportunities," added Rowan.

Active Energy shares were trading 6.1% higher on Monday at 0.66 pence each.

More News
13 Jan 2014 14:40

Active Energy wins Turkish contracts

Biomass fuel and timber supplier Active Energy has won deals worth about 24m US dollars to provide wood chip to two Turkish fibre-board manufacturers, lifting its shares. Active will supply about 228,000 tonnes of chip in the next year, deliveries of which have already started from the company's po

Read more
10 Oct 2013 10:23

DIRECTOR DEALINGS: Active Energy CEO, Non-Executive Director Buy Shares

Read more
10 Oct 2013 09:29

DIRECTOR DEALINGS: Active Energy Group Chief Executive, Non-Executive Buy Shares

Read more
9 Oct 2013 09:33

Active Energy Says Wood Chip Shipments Dipped But Remains Positive

Read more
30 Sep 2013 16:04

Active Energy's Losses Widen In First Half

Read more
14 Aug 2013 11:03

Biomass supplier Active Energy wins Italian deal

Ukrainian biomass supplier Active Energy has won a major contract with green energy generator Biomasse Italia, lifting its shares by a quarter. Active, which supplies woodchip and related timber products to biomass power generators, said it will ship at least 240,000 tonnes of biomass from its Blac

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.