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Share Price Information for Active Energy (AEG)

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Response to allegations made by SELC

Tue, 4th May 2021 07:00

RNS Number : 3374X
Active Energy Group PLC
04 May 2021
 

Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy

May 4, 2021

 

Active Energy Group Plc

('Active Energy', 'AEG', or the 'Company')

 

Response to allegations made by Southern Environmental Law Center (SELC) in regard to activities at Lumberton

 

The Directors of Active Energy, the London quoted international biomass based renewable energy business, have filed a Motion to Dismiss the pending US federal court litigation in which SELC, representing a non-profit environmental group, alleges that AEG is discharging wastewater without the required permits, allegations that AEG strongly refutes and denies. The facts conclusively show that the only wastewater discharge activities which AEG is involved with have been fully authorized. SELC knows the allegations contained in the US federal court litigation are false. Given that, in addition to seeking to have the US federal court action dismissed, AEG intends to seek sanctions against SELC for having failed to conduct a reasonable inquiry as to the facts and/or law prior to filing this suit.

AEG has consistently worked with all North Carolina state agencies to secure and operate under all applicable permits that affect the Company's activities at Lumberton. AEG will continue to ensure that all operations at the Lumberton Site are compliant, including the forthcoming CoalSwitch™ plant once completed.

AEG looks forward to the successful resolution of the claims made by Southern Environmental Law Center and continues to work with its partners in North Carolina and Robeson County.

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

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

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.

 

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