Active Energy Group PLC - London-based biomass focused renewable energy business - Says its share trading on the OTCQB Venture Market will start in the US on Friday, under the ticker symbol ATGVF. Says trading on the OTCQB will have no direct impact on the trading of Active Energy's existing shares on the AIM.
Chief Executive Michael Rowan says: "Joining OTCQB is strategically important for AEG. We are a business with solely US operations, an increasing profile amongst US customers and an ambition to commence production, alongside joint venture partners, on the East and West coast. We are therefore pleased to be able to offer prospective US shareholders the opportunity to invest in AEG's exciting growth trajectory alongside our current UK investors."
Active Energy says the trading of shares on the OTCQB will provide enhanced investor benefits, including "easier trading access for investors located in the US, and greater liquidity due to a broader geographic pool of potential investors."
Current stock price: 6.23 pence
12-month change: down 69%
By Xindi Wei; xindiwei@alliancenews.com
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Active Energy (AEG)