Last checked at 6 Apr 2021 07:00
Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy
6 April 2021
Active Energy Group Plc
('Active Energy', 'AEG', or the 'Company')
Application to OTCQB Venture Market
Active Energy, the London quoted international biomass based renewable energy and forestry management business, is pleased to announce that it has filed an application with OTC Markets Group for the Company's shares to be cross-traded publicly on the OTCQB Venture Market ("OTCQB"), under the ticker "ATGVF", which would make AEG shares more widely available to North American investors.
Trading on the US OTC market would have no impact on the trading of AEG's existing ordinary shares on AIM and no new ordinary shares will be issued as part of the cross-trade. AEG will continue to rely on the announcements and disclosures it makes to the London Stock Exchange and will have no Sarbanes-Oxley or SEC reporting requirements.
Should the application be successful, the cross-trading facility will be provided through OTC Markets Group Inc., located in New York, USA. OTC Markets operates the world's largest electronic interdealer quotation system for US broker dealers and offers multiple media channels to increase the visibility of OTC-traded companies.
Michael Rowan, Chief Executive of AEG, said:
"Trading on the OTC markets will enable AEG to more easily access a US investor base and enhance our visibility in North America, where many of our potential customers are based. Dual trading on the OTC markets represents an important development for the Company as we continue to execute our growth strategy."
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
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 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 and 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.