Active Energy Group PLC Appointment of interim CFO and director change (2790H)

TIDMAEG

RNS Number : 2790H

Active Energy Group PLC

23 November 2022

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

23 November 2022

Active Energy Group Plc

("Active Energy" or the "Company")

Appointment of interim Chief Financial Officer and director change

Active Energy, the international biomass based renewable energy business, is pleased to announce that Michelle Fagan has, with effect from 23 November 2022, been appointed as the Company's interim Chief Financial Officer and joined the Company's senior management team. Michelle's role will initially be in a non-Board capacity.

Michelle Fagan is qualified as a chartered certified accountant (ACCA) and has 24 years' experience as a finance professional. After completing her FCCA qualification at the Bank of Ireland, she went on to roles as a CFO at Assured Asset Energy Group, Nowtel Group and Chemistry Strategic Communications in London and Dublin. Michelle has been working with the Company's management team since October 2020.

In addition, and further to the Company's announcement of 10 August 2022, Andrew Diamond has now ceased his responsibilities as the Company's Chief Financial Officer and has ceased to be a director of the Company with immediate effect.

Enquiries

 
 Active Energy         Michael Rowan (Chief Executive      [e-mail] 
  Group Plc             Officer) 
                        James Leahy (Chairman) 
 Allenby Capital       Nick Naylor / James Reeve         Office: +44 (0)20 
  Limited Nominated     / Freddie Wooding (Corporate             3328 5656 
  Adviser and Broker    Finance) 
                        Amrit Nahal (Sales/Corporate 
                        Broking) 
                      -------------------------------  ------------------- 
 Camarco               Tom Huddart / Emily Hall          [e-mail] 
  Financial PR          / Georgia Edmonds                Office: +44 (0)20 
  Adviser                                                        3757 4980 
                      -------------------------------  ------------------- 
 

About Active Energy

Active Energy Group plc is a London listed (AIM: AEG) renewable energy company focused on the production and development of next generation biomass products that have the potential to transform traditional coal fired power and heavy industries and the existing renewable biomass industry.

AEG has developed a proprietary technology platform which transforms waste biomass material into high-value renewable fuels. Its patented product CoalSwitch(R) is a leading drop-in biomass renewable fuel that can be co-fired with coal, completely replace coal as an alternative feedstock without requiring significant plant modifications or wholly replace existing biomass feedstock resources.

Active Energy Group's immediate strategic focus is the production and commercialisation of CoalSwitch(R). CoalSwitch(R) is a registered trademark belonging to Active Energy Group plc.

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November 23, 2022 02:00 ET (07:00 GMT)