3 Nov 2016 12:00
3 November 2016
Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy
Active Energy Group plc ("Active Energy", "AEG" or the "Company")
Director Share Purchase
Active Energy, the London quoted renewable energy, forestry management and timber processing business, has been advised that the following director purchased ordinary shares of 1p in the Company ("Ordinary Shares") on 2 November 2016.
Name | Price (£) | Number of Ordinary Shares Purchased | Beneficial interest in Ordinary Shares following purchase* | % of Total Voting Rights in the Company following purchase |
Matteo Girlanda (COO) | 0.032 | 66,000 | 63,426,000 | 9.62% |
* 63,360,000 shares held through Windstar Investment SA in which Matteo Girlanda has an interest
Richard Spinks, Chief Executive Officer of Active Energy said: "With all four of our directors buying shares in the open market in the past two days, I believe we are sending a clear message to the market of our confidence in our ability to deliver meaningful value to shareholders through the commercialisation of our revolutionary CoalSwitch biomass based drop-in replacement fuel. I look forward to providing further news regarding the commercialisation of our CoalSwitch product, together with updates from our AEG TimberLands and our AEG WoodFibre divisions in due course."
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Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Matteo Girlanda | ||||||
2. | Reason for the Notification | |||||||
a) | Position/status | COO | ||||||
b) | Initial notification/Amendment | Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Active Energy Group plc | ||||||
b) | LEI | Pending | ||||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
a) | Description of the Financial instrument, type of instrument | Ordinary Shares of 1p each | ||||||
Identification code |
| |||||||
b) | Nature of the transaction | Purchase of shares | ||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: · Aggregated volume · Price |
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e) | Date of the transaction | 2 November 2016 | ||||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||||
**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@active-energy.com Int: +380 503 942 702 |
| Brian Evans-Jones Chief Financial Officer | brian.evans-jones@active-energy.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 | 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.
Active Energy (AEG)