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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Active Energy Group Plc | LSE:AEG | London | Ordinary Share | GB00BPG7NS80 | ORD GBP0.0035 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.21 | 0.17 | 0.25 | 0.21 | 0.19 | 0.21 | 106,550 | 08:00:22 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Business Services, Nec | 0 | -1.34M | -0.0083 | -0.25 | 339.91k |
TIDMAEG
RNS Number : 4262G
Active Energy Group PLC
19 July 2023
19 July 2023
Active Energy Group Plc
("Active Energy" or the "Company")
Awards under the Company's Long-Term Incentive Plan
Active Energy (AIM: AEG, OTCQB: ATGVF) the international biomass based renewable energy business, announces awards under the Company's new long-term incentive plan (the "LTIP"). The LTIP, which was approved by the Company's shareholders at the annual general meeting held on 11 July 2023, has been designed to incentivise the Company's Directors and members of the Company's senior management team (together the "Participants").
The LTIP has been established to promote long-term value creation for Active Energy's shareholders and to align the interests of the Participants with shareholders. Awards under the LTIP take the form of premium priced options over the Company's ordinary shares of 0.35 pence each (the "Ordinary Shares"). Once exercised, the Participants are required to hold the Ordinary Shares issued to them for a minimum period of six months. The LTIP allows for up to 12% of the Company's issued share capital from time to time to be allocated to Participants.
Initial LTIP awards
The Company has today granted options over 8,283,840 Ordinary Shares to certain Participants (the "Options") under the LTIP. The Options have been granted in three tranches, with each tranche having a different vesting period and exercise price, as follows:
-- 3,594,470 Options have an exercise price of 8.3 pence per Ordinary Share (which represents a circa 35% premium to the closing mid-market price of an Ordinary Share on 18 July 2023, the date prior to grant) and vest immediately ("Tranche 1");
-- 2,344,685 Options have an exercise price of 10 pence per Ordinary Share (which represents a circa 20% premium over the Tranche 1 exercise price) and vest on 18 July 2024 ("Tranche 2"); and
-- 2,344,685 Options have an exercise price of 12 pence per Ordinary share (which represents a circa 20% premium over the Tranche 2 exercise price) and vest on 18 July 2025 ("Tranche 3") .
All of the Options expire ten years from the date of grant and are subject to additional performance related vesting criteria. In total, the Options represent 5.12% of the Company's current issued Ordinary Shares and, when taken with the existing options and warrants over Ordinary Shares, the Company will have options and warrants outstanding over 8.26% of the Company's issued share capital.
Director and PDMR grants
A total of 3,354,470 Options have been awarded to Directors of Active Energy and persons discharging managerial responsibilities (as defined in UK MAR) ("PDMRs"):
Total number Tranche Tranche Tranche Total of Options 1 Options 2 Options 3 Options Options and warrants Director / PDMR awarded awarded awarded awarded held now James Leahy, Chairman 240,000 80,000 80,000 400,000 400,000 Michael Rowan, CEO 1,294,906 971,178 971,178 3,237,262 5,623,855 Max Aitken, NED 60,000 20,000 20,000 100,000 239,360 Jason Zimmermann, NED 60,000 20,000 20,000 100,000 239,360 Michelle Fagan, CFO 404,658 202,329 202,329 809,316 843,312 Steve Schaar, COO 647,453 485,589 485,589 1,618,631 1,618,631 Barron Hewetson, CTO 647,453 485,589 485,589 1,618,631 1,618,312S
Enquiries:
Active Energy Michael Rowan (Chief Executive info@aegplc.com Group Plc Officer) Michelle Fagan (Chief Financial Officer) Allenby Capital Nick Naylor/James Reeve/Daniel Office: +44 (0)20 3328 Limited Dearden-Williams (Corporate 5656 Nominated Adviser Finance) and Broker Amrit Nahal (Sales/Corporate Broking) --------------------------------- ------------------------ Camarco Tom Huddart / Emily Hall aeg@camarco.co.uk Financial PR Adviser / Lily Pettifar Office: +44 (0)20 3757 4980 --------------------------------- ------------------------ Scoville PR John Williams aeg@camarco.co.uk US PR Adviser --------------------------------- ------------------------ Website LinkedIn Twitter www.aegplc.com www.linkedin.com/company/activeenergy https://twitter.com/aegplc @aegplc -------------------------------------- ----------------------------
About Active Energy Group:
Active Energy Group plc is a London listed (AIM: AEG) renewable energy company that has developed a proprietary technology which transforms low-cost biomass material into high-value green fuels. Its patented product CoalSwitch(R) is the world's only drop-in biomass fuel that can be mixed at any ratio with coal or completely replace coal in existing coal-fired power stations without requiring significant plant modification. Active Energy Group's immediate strategic focus is the production and commercialisation of CoalSwitch(R).
Details of the person discharging managerial responsibilities 1 / person closely associated a) Name James Leahy Chairman -------------------------- ------------------------------------------ Reason for the notification 2 ---------------------------------------------------------------------- a) Position/status See 1a) -------------------------- ------------------------------------------ b) Initial notification Initial notification /Amendment -------------------------- ------------------------------------------ Details of the issuer, emission allowance market participant, 3 auction platform, auctioneer or auction monitor ---------------------------------------------------------------------- a) Name Active Energy Group plc -------------------------- ------------------------------------------ b) LEI 213800P9PW3HJ5YJRK43 -------------------------- ------------------------------------------ Details of the transaction(s): section to be repeated for 4 (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 Options over ordinary shares of GBP0.0035 financial instrument, each in Active Energy Group plc type of instrument Identification code Identification code (ISIN) for First Property Group plc ordinary shares: GB00BPG7NS80 -------------------------- ------------------------------------------ b) Nature of the transaction Grant of options over ordinary shares -------------------------- ------------------------------------------ c) Price(s) and volume(s) Price(s) Volume(s) 240,000 8.3 pence 80,000 10 pence 80,000 12 pence -------------------------- ------------------------------------------ d) Aggregated information 400,000 - Aggregated volume n/a - Price -------------------------- ------------------------------------------ e) Date of the transaction 18 July 2023 -------------------------- ------------------------------------------ f) Place of the transaction Outside a trading venue -------------------------- ------------------------------------------ Details of the person discharging managerial responsibilities 1 / person closely associated a) Name Michael Rowan CEO -------------------------- ------------------------------------------ Reason for the notification 2 ---------------------------------------------------------------------- a) Position/status See 1a) -------------------------- ------------------------------------------ b) Initial notification Initial notification /Amendment -------------------------- ------------------------------------------ Details of the issuer, emission allowance market participant, 3 auction platform, auctioneer or auction monitor ---------------------------------------------------------------------- a) Name Active Energy Group plc -------------------------- ------------------------------------------ b) LEI 213800P9PW3HJ5YJRK43 -------------------------- ------------------------------------------ Details of the transaction(s): section to be repeated for 4 (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 Options over ordinary shares of GBP0.0035
financial instrument, each in Active Energy Group plc type of instrument Identification code Identification code (ISIN) for First Property Group plc ordinary shares: GB00BPG7NS80 -------------------------- ------------------------------------------ b) Nature of the transaction Grant of options over ordinary shares -------------------------- ------------------------------------------ c) Price(s) and volume(s) Price(s) Volume(s) 1,294,906 8.3 pence 971,178 10 pence 971,178 12 pence -------------------------- ------------------------------------------ d) Aggregated information 3,237,262 - Aggregated volume n/a - Price -------------------------- ------------------------------------------ e) Date of the transaction 18 July 2023 -------------------------- ------------------------------------------ f) Place of the transaction Outside a trading venue -------------------------- ------------------------------------------ Details of the person discharging managerial responsibilities 1 / person closely associated a) Name Max Aitken Non-Executive Director -------------------------- ------------------------------------------ Reason for the notification 2 ---------------------------------------------------------------------- a) Position/status See 1a) -------------------------- ------------------------------------------ b) Initial notification Initial notification /Amendment -------------------------- ------------------------------------------ Details of the issuer, emission allowance market participant, 3 auction platform, auctioneer or auction monitor ---------------------------------------------------------------------- a) Name Active Energy Group plc -------------------------- ------------------------------------------ b) LEI 213800P9PW3HJ5YJRK43 -------------------------- ------------------------------------------ Details of the transaction(s): section to be repeated for 4 (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 Options over ordinary shares of GBP0.0035 financial instrument, each in Active Energy Group plc type of instrument Identification code Identification code (ISIN) for First Property Group plc ordinary shares: GB00BPG7NS80 -------------------------- ------------------------------------------ b) Nature of the transaction Grant of options over ordinary shares -------------------------- ------------------------------------------ c) Price(s) and volume(s) Price(s) Volume(s) 60,000 8.3 pence 20,000 10 pence 20,000 12 pence -------------------------- ------------------------------------------ d) Aggregated information 100,000 - Aggregated volume n/a - Price -------------------------- ------------------------------------------ e) Date of the transaction 18 July 2023 -------------------------- ------------------------------------------ f) Place of the transaction Outside a trading venue -------------------------- ------------------------------------------ Details of the person discharging managerial responsibilities 1 / person closely associated a) Name Jason Zimmermann Non-Executive Director -------------------------- ------------------------------------------- Reason for the notification 2 ----------------------------------------------------------------------- a) Position/status See 1a) -------------------------- ------------------------------------------- b) Initial notification Initial notification /Amendment -------------------------- ------------------------------------------- Details of the issuer, emission allowance market participant, 3 auction platform, auctioneer or auction monitor ----------------------------------------------------------------------- a) Name Active Energy Group plc -------------------------- ------------------------------------------- b) LEI 213800P9PW3HJ5YJRK43 -------------------------- ------------------------------------------- Details of the transaction(s): section to be repeated for 4 (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 Options over ordinary shares of GBP0.0035 financial instrument, each in Active Energy Group plc type of instrument Identification code Identification code (ISIN) for First Property Group plc ordinary shares: GB00BPG7NS80 -------------------------- ------------------------------------------- b) Nature of the transaction Grant of options over ordinary shares -------------------------- ------------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 60,000 8.3 pence 20,000 10 pence 20,000 12 pence -------------------------- ------------------------------------------- d) Aggregated information 100,000 - Aggregated volume n/a - Price -------------------------- ------------------------------------------- e) Date of the transaction 18 July 2023 -------------------------- ------------------------------------------- f) Place of the transaction Outside a trading venue -------------------------- ------------------------------------------- Details of the person discharging managerial responsibilities 1 / person closely associated Name Michelle Fagan Chief Financial a) Officer -------------------------- ------------------------------------------ Reason for the notification 2 ---------------------------------------------------------------------- a) Position/status See 1a) -------------------------- ------------------------------------------ b) Initial notification Initial notification /Amendment -------------------------- ------------------------------------------ Details of the issuer, emission allowance market participant, 3 auction platform, auctioneer or auction monitor ---------------------------------------------------------------------- a) Name Active Energy Group plc -------------------------- ------------------------------------------ b) LEI 213800P9PW3HJ5YJRK43 -------------------------- ------------------------------------------ Details of the transaction(s): section to be repeated for 4 (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 Options over ordinary shares of GBP0.0035 financial instrument, each in Active Energy Group plc type of instrument Identification code Identification code (ISIN) for First Property Group plc ordinary shares: GB00BPG7NS80 -------------------------- ------------------------------------------ b) Nature of the transaction Grant of options over ordinary shares -------------------------- ------------------------------------------ c) Price(s) and volume(s) Price(s) Volume(s) 404,658 8.3 pence 202,329 10 pence 202,329 12 pence -------------------------- ------------------------------------------ d) Aggregated information 809,316 - Aggregated volume n/a - Price -------------------------- ------------------------------------------ e) Date of the transaction 18 July 2023 -------------------------- ------------------------------------------ f) Place of the transaction Outside a trading venue -------------------------- ------------------------------------------ Details of the person discharging managerial responsibilities 1 / person closely associated Name Steve Schaar Chief Operating a) Officer -------------------------- ------------------------------------------ Reason for the notification 2 ---------------------------------------------------------------------- a) Position/status See 1a) -------------------------- ------------------------------------------
b) Initial notification Initial notification /Amendment -------------------------- ------------------------------------------ Details of the issuer, emission allowance market participant, 3 auction platform, auctioneer or auction monitor ---------------------------------------------------------------------- a) Name Active Energy Group plc -------------------------- ------------------------------------------ b) LEI 213800P9PW3HJ5YJRK43 -------------------------- ------------------------------------------ Details of the transaction(s): section to be repeated for 4 (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 Options over ordinary shares of GBP0.0035 financial instrument, each in Active Energy Group plc type of instrument Identification code Identification code (ISIN) for First Property Group plc ordinary shares: GB00BPG7NS80 -------------------------- ------------------------------------------ b) Nature of the transaction Grant of options over ordinary shares -------------------------- ------------------------------------------ c) Price(s) and volume(s) Price(s) Volume(s) 647,453 8.3 pence 485,589 10 pence 485,589 12 pence -------------------------- ------------------------------------------ d) Aggregated information 1,618,631 - Aggregated volume n/a - Price -------------------------- ------------------------------------------ e) Date of the transaction 18 July 2023 -------------------------- ------------------------------------------ f) Place of the transaction Outside a trading venue -------------------------- ------------------------------------------ Details of the person discharging managerial responsibilities 1 / person closely associated Name Barron Hewetson Chief Technical a) Officer -------------------------- ------------------------------------------ Reason for the notification 2 ---------------------------------------------------------------------- a) Position/status See 1a) -------------------------- ------------------------------------------ b) Initial notification Initial notification /Amendment -------------------------- ------------------------------------------ Details of the issuer, emission allowance market participant, 3 auction platform, auctioneer or auction monitor ---------------------------------------------------------------------- a) Name Active Energy Group plc -------------------------- ------------------------------------------ b) LEI 213800P9PW3HJ5YJRK43 -------------------------- ------------------------------------------ Details of the transaction(s): section to be repeated for 4 (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 Options over ordinary shares of GBP0.0035 financial instrument, each in Active Energy Group plc type of instrument Identification code Identification code (ISIN) for First Property Group plc ordinary shares: GB00BPG7NS80 -------------------------- ------------------------------------------ b) Nature of the transaction Grant of options over ordinary shares -------------------------- ------------------------------------------ c) Price(s) and volume(s) Price(s) Volume(s) 647,453 8.3 pence 485,589 10 pence 485,589 12 pence -------------------------- ------------------------------------------ d) Aggregated information 1,618,631 - Aggregated volume n/a - Price -------------------------- ------------------------------------------ e) Date of the transaction 18 July 2023 -------------------------- ------------------------------------------ f) Place of the transaction Outside a trading venue -------------------------- ------------------------------------------
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July 19, 2023 02:00 ET (06:00 GMT)
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