Active Energy Group PLC Delay in published Annual Accounts

RNS Number : 2212U

Active Energy Group PLC

28 June 2024

 

28 June 2024

 

Active Energy Group plc

("Active Energy", the "Company" or the "Group")

 

Delay in published Annual Accounts

Active Energy (AIM: AEG, OTCQB: ATGVF), the international biomass based renewable energy business announces  that its annual accounts for the 2023 financial year will not be finalised ahead of the 30 June 2024 deadline.

The preparation of the Company's financial statements for the year to 31 December 2023 has been placed on hold due to cash constraints on the business and the proposed members' voluntary liquidation, which was announced on 20 June 2024.

 

This delay to publication of the annual accounts means that trading in the Company's shares will be temporarily suspended from trading on AIM with effect from 7.30 a.m. on 1 July 2024 until the publication of its audited accounts.

 

Further updates will be made in due course where appropriate.

Enquiries: 

Active Energy Group Plc	Michael Rowan (Chief Executive Officer) James Leahy  (Non-Executive Chairman)	[e-mail]
Allenby Capital Limited Nominated Adviser and Broker	Nick Naylor/James Reeve/Daniel Dearden-Williams (Corporate Finance) Amrit Nahal (Sales/Corporate Broking)	Office: [phone]
Camarco Financial PR Adviser	Tom Huddart / Emily Hall / Lily Pettifar	[e-mail] Office: [phone]

 

Website	LinkedIn	Twitter
www.aegplc.com	www.linkedin.com/in/active-energy-group-plc/	https://twitter.com/aegplc @aegplc

 

About Active Energy Group

Headquartered in London with operations in the United States, Active Energy Group plc (AIM: AEG, OTCQB:ATGVF) is a biomass-based renewable energy company focused on the production and development of next generation biomass products that have the potential to transform coal fired power and heavy industries and the existing renewable biomass industry.

Active Energy has developed a proprietary technology which transforms waste biomass material into high-value renewable fuels. Its patented product CoalSwitch® is a leading drop-in biomass renewable fuel that can be blended and co-fired with coal at any ratio without requiring significant plant modification or wholly replacing existing biomass fuels. 

 

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