Active Energy Group PLC Director / PDMR Shareholding (8814Q)

TIDMAEG

RNS Number : 8814Q

Active Energy Group PLC

02 March 2021

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

2 March 2021

Active Energy Group Plc

('Active Energy', or the 'Company')

Director / PDMR Shareholding

Active Energy, the London quoted international biomass based renewable energy and forestry management business, announces the following dealing in the Company's ordinary shares of 0.01 pence each ("Ordinary Shares").

On 1 March 2021 Mr James Leahy, the Company's Chairman, carried out a 'Bed and SIPP' transfer of 3,000,000 Ordinary Shares from his SIPP into a new share dealing account (the "Transfer"). The shares were sold for 1.125 pence per Ordinary Shares and immediately repurchased at 1.125 pence per Ordinary Share.

Following the Transfer, James Leahy remains beneficially interested in 4,000,000 Ordinary Shares which equates to 0.1% of Active Energy's total issued share capital.

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

Enquiries:

 
 Active Energy Group       Michael Rowan 
  Plc                       Chief Executive Officer 
                            Andrew Diamond 
                            Chief Financial Officer 
 SP Angel Corporate        David Hignell / Caroline   Office: +44 (0)20 
  Finance LLP               Rowe                       3470 0470 
  Nominated Adviser 
  and Joint Broker 
 Allenby Capital Limited   Nick Naylor / James        Office: +44 (0)20 
  Joint Broker              Reeve / Asha Chotai        3328 5656 
                            (Corporate Finance) 
                            Amrit Nahal (Sales 
                            & Corporate Broking) 
 Camarco                   Gordon Poole / Tom         [e-mail] 
  Financial PR Adviser      Huddart / Emily Hall       Office: +44 (0) 20 
                                                       3757 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.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             James Leahy 
     -------------------------------  ----------------------------------------------- 
 2.   Reason for the Notification 
     -------------------------------------------------------------------------------- 
 a)   Position/status                  Chairman 
     -------------------------------  ----------------------------------------------- 
 b)   Initial notification/Amendment   Initial notification 
     -------------------------------  ----------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------------- 
 a)   Name                             Active Energy Group plc 
     -------------------------------  ----------------------------------------------- 
 b)   LEI                              213800P9PW3HJ5YJRK43 
     -------------------------------  ----------------------------------------------- 
 4.   Details of the transaction(s): section to be repeated 
       for (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               Ordinary Shares of 0.01 pence each 
       Financial instrument, 
       type of instrument 
      Identification code              GB00B1YMN108 
     -------------------------------  ----------------------------------------------- 
 b)   Nature of the transaction        (i) Sale of 3,000,000 Ordinary Shares 
                                        from SIPP 
                                        (ii) Purchase of 3,000,000 Ordinary 
                                        Shares from new share dealing account 
     -------------------------------  ----------------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)                         Volume(s) 
                                                           (i) 1.125p      3,000,000 
                                                            (ii) 1.125p     3,000,000 
                                                                          ----------- 
     -------------------------------  ----------------------------------------------- 
 d)        Aggregated information:     N/A Single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     -------------------------------  ----------------------------------------------- 
 e)   Date of the transaction          1 March 2021 
     -------------------------------  ----------------------------------------------- 
 f)   Place of the transaction         London Stock Exchange 
     -------------------------------  ----------------------------------------------- 
 

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March 02, 2021 06:50 ET (11:50 GMT)