29 Jun 2016 16:34
Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy
29 June 2016
Active Energy Group Plc ('Active Energy' or 'the Group')
Exercise of Warrants
Active Energy, the AIM quoted international vertically-integrated renewable energy, forestry management and timber processing business, announces that pursuant to the receipt of an exercise notice from a holder of 1,554,666 warrants, it has today issued 1,554,666 ordinary shares of 1p each ("Ordinary Shares") at the exercise price of 1.25p per share (the "New Ordinary Shares").
Application has been made for the New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM and it is expected that this will take place on or around 5 July 2016 ("Admission").
Following admission of the New Ordinary Shares, the Company's enlarged issued share capital will comprise 643,713,569 Ordinary Shares with voting rights. The Company holds 62,500,000 Ordinary Shares in Treasury and the figure of 581,213,569 Ordinary Shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
**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/Frank Buhagiar | 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)