Active Energy Group PLC Directorate Change (4706V)

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RNS Number : 4706V

Active Energy Group PLC

10 August 2022

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

10 August 2022

Active Energy Group Plc

("Active Energy" or the "Company")

Directorate change

Active Energy, the international biomass based renewable energy business, announces that Andrew Diamond will be stepping down as the Company's Chief Financial Officer. Andrew has agreed to remain in the role and as a member of the management team until mid-December 2022 in order to provide business continuity whilst a suitable replacement is identified. The Board has commenced the process to identify a replacement and further announcements will be made in due course.

Michael Rowan, CEO of Active Energy, commented:

"I would like to thank Andrew for his contribution to the development of Active Energy's business in the last 18 months and the team wish him well for the next chapter of his career.

"We have commenced the search for a new Chief Financial Officer who can assist with the strategic business planning and have the know-how of growing the business in the US and Canada."

Enquiries

 
 Active Energy         Michael Rowan (Chief Executive      [e-mail] 
  Group Plc             Officer) 
 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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August 10, 2022 02:00 ET (06:00 GMT)