Active Energy Group PLC Results of AGM (4640V)

TIDMAEG

RNS Number : 4640V

Active Energy Group PLC

23 July 2018

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

23 July 2018

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

Results of AGM

Active Energy, the London quoted international biomass based renewable energy and forestry management business, is pleased to announce that all resolutions were duly passed at its Annual General Meeting held today.

At the AGM Mr. Phil Scalzo and Mr. Antonio Esposito delivered presentations on the Company's CoalSwitch and PeatSwitch products and the current and anticipated market for the worldwide sale of industrial pellets. These presentations will be available to view on the Company's website later today.

The Company also wishes to update shareholders regarding its proposed agreement with the Province of Newfoundland and Labrador, Canada that will provide the Company with a Crown Timber Licence and a Forestry Management Agreement.

The Company has now received a letter from the Government of Newfoundland and Labrador (the "Government") which confirms that Active Energy's proposal is in the final stages of review by the relevant governmental departments. The Government has confirmed that as this is the first application of its kind regarding the grant of a Forestry Management Agreement, it has provoked considerable interest and review from all those involved. The Government anticipates that this review period will be completed before month end following which the proposal will be submitted to Cabinet for final approval, which is currently expected during August 2018.

Active Energy continues to support the Government in its approval process and looks forward to providing shareholders with further updates as appropriate.

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

**ENDS**

Enquiries & Further Information:

 
 Website                 LinkedIn 
 www.active-energy.com   www.linkedin.com/company/activeenergy 
  www.aeg-plc.com 
                        -------------------------------------- 
 
 
 Enquiries 
 Active Energy Group     Michael Rowan                    [e-mail] 
  Plc                     Executive Chairman 
                        ----------------------------  ---------------------------- 
                         Richard Spinks                  [e-mail] 
                          Chief Executive Officer 
                        ----------------------------  ---------------------------- 
 Northland Capital       David Hignell/Gerry Beaney              Office: +44 (0)20 
  Partners Limited                                                       3861 6625 
  Nominated Adviser 
                        ----------------------------  ---------------------------- 
 Optiva Securities       Graeme Dickson/Ed McDermott             Office: +44 (0)20 
  Ltd Broker                                                             3137 1902 
                        ----------------------------  ---------------------------- 
 St Brides Partners      Susie Geliher / Isabel de     [e-mail] 
  Financial PR Adviser    Salis                                 Office: +44 (0) 20 
                                                                         7236 1177 
                        ----------------------------  ---------------------------- 
 

About Active Energy Group:

Active Energy Group Plc (AIM: AEG.L) is a London Stock Exchange-listed international renewable energy business based upon forestry assets. Its model is focussed on capturing the entire forestry value chain through sourcing, utilising and commercialising assets, and setting a new standard in the sustainable management and optimisation of timber resources.The Company is led by a highly technical and commercial team with the experience to execute its defined growth strategy and build its visibility, primarily as a London-listed timber opportunity with a revolutionary biomass fuel technology.

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 [e-mail] or visit www.rns.com.

END

RAGSEWFSDFASEIW

(END) Dow Jones Newswires

July 23, 2018 07:01 ET (11:01 GMT)