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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% | 0.40 | 0.35 | 0.45 | 0.40 | 0.40 | 0.40 | 94,804 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Business Services, Nec | 0 | -1.34M | -0.0083 | -0.48 | 647.45k |
From Apr 2019 to Apr 2024
TIDMAEG
RNS Number : 1363B
Active Energy Group PLC
05 October 2020
Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy
5 October 2020
Active Energy Group Plc
('Active Energy', 'AEG', or the 'Company')
Conversion of existing Convertible Loan Notes
Active Energy, the London quoted international biomass based renewable energy and forestry management business, announces that a holder of convertible loan notes issued by the Company (the "CLNs") has elected to convert CLNs with a nominal value of GBP19,752 into new ordinary shares of 0.01p each in the capital of the Company ("Ordinary Shares") pursuant to the terms of the CLNs. Accordingly, 1,975,200 new Ordinary Shares have been issued to the CLN holder in accordance with the terms of the CLNs at a conversion price of 1p (the "Conversion Shares").
Total Voting Rights
Application has been made for the Conversion Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will commence at 8:00am on or around 8 October 2020.
Following Admission, the Company's enlarged issued share capital will comprise 1,541,178,043 Ordinary Shares with voting rights. This figure 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.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
ENDS
Hot Features
Premium
Website LinkedIn
www.aegplc.com www.linkedin.com/company/activeenergy
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Enquiries
Active Energy Michael Rowan
Group Plc Chief Executive Officer
Antonio Esposito
Chief Operations Officer
----------------------------- ----------------------------
SP Angel Corporate David Hignell / Caroline Office: +44 (0)20 3470 0470
Finance LLP Rowe
Nominated
Adviser and
Broker
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Allenby Capital Amrit Nahal / David Worlidge Office: +44 (0)20 3328 5656
Limited
Joint Broker
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Camarco Gordon Poole / Tom Huddart aeg@camarco.co.uk
Financial / Emily Hall Office: +44 (0) 20 3757
PR Adviser 4980
----------------------------- ----------------------------
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(TM) 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 plant modification. Active Energy Group's immediate strategic focus is the production and commercialisation of CoalSwitch(TM) and a low emission CoalSwitch(TM) blend that utilises other waste materials.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
MSCBXBDGCDGDGGU
(END) Dow Jones Newswires
October 05, 2020 09:31 ET (13:31 GMT)
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