Last checked at 16 Nov 2016 14:00
16 November 2016
Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy
Active Energy Group plc ("Active Energy", "AEG" or the "Company")
Result of General Meeting
Active Energy, the London quoted renewable energy, forestry management and timber processing business, announces that all resolutions were passed at the General Meeting of the Company held in London earlier today.
Pursuant to the passing of these resolutions, the Company will now proceed with effecting the Gravendonck Conversion, the BEE Share Exchange and the Trident Share Exchange (together the "Transactions"), as outlined in the circular sent to shareholders dated 31 October 2016 (the "Circular"). Further announcements regarding the share issues associated with the Transactions will be made as soon as practicable.
Unless otherwise indicated, all defined terms in this announcement shall have the same meaning as described in the Circular.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
**ENDS**
Enquiries & Further Information
Website | ||
www.active-energy.com | www.linkedin.com/company/activeenergy
| www.twitter.com/aegplc (@aegplc) |
Enquiries | ||
Active Energy Group Plc
| Richard Spinks Chief Executive Officer
| richard.spinks@aegplc.com Int: +380 503 942 702 |
Brian Evans-Jones Chief Financial Officer | brian.evans-jones@aegplc.com UK: +44 (0)7500 861 696 Ukraine: +380 955 227 745 | |
Northland Capital Partners Limited Nominated Adviser & Broker
| Patrick Claridge/David Hignell/Gerry Beaney (Corporate Finance)
John Howes/Rob Rees (Sales and Broking) | Office: +44 (0)20 3861 6625 |
St Brides Partners Financial PR Adviser
| Susie Geliher/Megan Dennison/ Elisabeth Cowell | info@stbridespartners.co.uk Office: +44 (0) 20 7236 1177 |
About Active Energy Group
Active Energy Group Plc ("Active Energy" or "AEG") is an AIM quoted company operating internationally across the entire timber supply chain - from forest to factory and fuel.
Active Energy's vertically-integrated business units provide timberland development services for forestry owners, industrial wood fibre for MDF manufacturers, and second-generation biomass coal replacement fuels for industrial power generators.
Active Energy has three divisions:
· AEG TimberLands: Forestry Asset Management and Development
· AEG WoodFibre: Industrial Wood Fibre for Medium-Density Fibreboard (MDF) Manufacturing
· AEG CoalSwitch: Advanced Biomass Coal Replacement Fuels and Fuel Processing Systems
Active Energy's relationships with forestry owners through its AEG TimberLands operation allows the Company to maximise the value of its standing timber assets, converting low-grade material - primarily non-saw logs/technical lumber and forestry thinnings - into industrial wood fibre for MDF manufacturing via Active Energy's AEG WoodFibre division. This vertically integrated model also provides feedstock for the Company's AEG CoalSwitch joint venture, which generates green energy power generation from biomass.