Active Energy Group PLC Appointment of Non-Executive Director (9110H)

TIDMAEG

RNS Number : 9110H

Active Energy Group PLC

16 March 2018

16 March 2018

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

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

Appointment of Non-Executive Director

Active Energy, the London quoted international biomass based renewable energy and forestry management business, is pleased to announce the appointment of Mr Simon Melling as Non-Executive Director of the Company with immediate effect. Mr Melling, who will serve on the Company's Audit and Remuneration Committees, is a highly experienced corporate and commercial specialist with extensive experience in the growth company arena, both as a CEO of an AIM listed company and as a corporate finance adviser to growth companies. His appointment complements the Company's strategy to promote its unique CoalSwitch(TM) product and forestry management business to international utility companies, government agencies and power plant operators and the wider investment community.

Simon Charles Melling (aged 57) is a Chartered Accountant (FCA) with over 30 years' experience of working in senior roles within the finance sector, the last 24 of these at board level. During his career to date he has held the role of CEO of AIM listed stockbroker Cenkos Securities Limited ('Cenkos'), previously serving as its Chief Operating Officer and Finance Director following its listing on AIM in 2006. During his time at Cenkos, Mr Melling was directly responsible for the running of the finance, risk control, IT and operations departments, senior roles which he has also performed within a number of other organisations. He has had significant involvement with devising and implementing the corporate strategy of the organisations that he has worked for. In recent years, Mr Melling has served as a Non-Executive Director on the boards of a number of companies outside the finance sector, including property investment, waste management and consumer finance companies.

Active Energy Executive Chairman, Michael Rowan, said, "I am delighted to welcome Simon to the board of AEG and we look forward to working with him as the Company continues to promote its CoalSwitch(TM) product in global markets. Simon's extensive commercial and capital markets experience will be invaluable to AEG as we continue to build the profile of the Company and promote our unique products and investment proposition to the investment community. Simon will also provide considerable support to the wider management team as we implement AEG's strategy of revolutionising the biomass and international forestry management sectors through the roll out of our CoalSwitch(TM) plants and Timberlands business."

The information required by Schedule 2 Paragraph (g) of the AIM Rules for Companies in relation to the appointment of Simon Melling is as follows:

 
 Current Directorships   Former Directorships 
  A Vartan Limited        within the past 5 years 
  Vermeer Holdings LLP    Ravenscroft Limited 
                          Ravenscroft Investment 
                          Management Limited 
                          Ravenscroft Services 
                          Limited 
                          Huntress (CI) Nominees 
                          Limited 
                          ASG Group Limited 
                          ASG Leasing Limited 
                          ASG (Flight Support) 
                          Limited 
                          Fly ASG Limited 
                          West Grass Hangarage 
                          Limited 
                          Westgrass Hangarage 
                          (No.2) Limited 
                          Westgrass Hangarage 
                          (No 3) Limited 
                          Aircraft Servicing (Guernsey) 
                          Limited 
                          LTS Tax Limited 
                          The Octane PCC Limited 
                          Octane Property Limited 
                          Guernsey Recycling (1996) 
                          Limited 
                          Mitonoptimal International 
                          Limited 
                          Acorn Group Holdings 
                          Limited 
                          Jacksons (CI) Limited 
                          El Sol (Channel Islands) 
                          Limited 
                          Fondon Holdings Limited 
                          Jacksons Vehicle Finance 
                          Ltd 
                          Lamda Limited 
                          MM Car & Van Leasing 
                          Limited 
                          MM Fuels Limited 
                          SHG (1) Limited 
                          Sport Holdings Limited 
                          Trinity Tyres (2004) 
                          Limited 
----------------------  ------------------------------- 
 

Save as disclosed above, there are no further disclosures required to be made in respect of the appointment of Simon Melling under Schedule 2(g) or Rule 17 of the AIM Rules for Companies.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

**ENDS**

Enquiries & Further Information:

 
 Website                 LinkedIn 
----------------------  -------------------------------------- 
 www.active-energy.com   www.linkedin.com/company/activeenergy 
  www.aeg-plc.com 
----------------------  -------------------------------------- 
 
 
 Enquiries 
---------------------------------------------------------------------------- 
 Active Energy        Michael Rowan                 [e-mail] 
  Group Plc            Executive Chairman 
-------------------  -------------------------  ---------------------------- 
                      Richard Spinks               [e-mail] 
                       Chief Executive Officer 
-------------------  -------------------------  ---------------------------- 
 Northland Capital    David Hignell/Gerry                  Office: +44 (0)20 
  Partners Limited     Beaney                                      3861 6625 
  Nominated Adviser 
-------------------  -------------------------  ---------------------------- 
 Optiva Securities    Graeme Dickson/Ed                    Office: +44 (0)20 
  Ltd Broker           McDermott                                   3137 1902 
-------------------  -------------------------  ---------------------------- 
 St Brides Partners   Susie Geliher              [e-mail] 
  Financial PR                                               Office: +44 (0) 
  Adviser                                                       20 7236 1177 
-------------------  -------------------------  ---------------------------- 
 

About Active Energy Group:

Active Energy Group Plc (AIM: AEG.L) is a London Stock Exchange-listed international renewable energy business based upon forestry assets. Its model is focussed on capturing the entire forestry value chain through sourcing, utilising and commercialising assets, and setting a new standard in the sustainable management and optimisation of timber resources. The Company is led by a highly technical and commercial team with the experience to execute its defined growth strategy and build its visibility, primarily as a London-listed timber opportunity with a revolutionary biomass fuel technology. It has two subsidiary companies:

-- Advanced Biomass Solutions Plc (www.abs-plc.com), which is commercialising a revolutionary biomass coal replacement fuel, CoalSwitch(TM); and

   --     Timberlands International Ltd, a sustainable international forestry management business. 

This information is provided by RNS

The company news service from the London Stock Exchange

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March 16, 2018 03:00 ET (07:00 GMT)