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Share Name Share Symbol Market Type Share ISIN Share Description
Active Energy Group Plc LSE:AEG London Ordinary Share GB00B1YMN108 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.025 -5.05% 0.47 2,710,996 16:35:12
Bid Price Offer Price High Price Low Price Open Price
0.47 0.52 0.495 0.47 0.495
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 1.43 -1.86 -0.16 7
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:19 O 500,000 0.47 GBX

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Date Time Title Posts
03/12/202012:26AEG - 1,566
19/6/202011:43Active Energy Group - from sparks to a sparkler753
06/6/201919:33AGM - When????-
11/5/201708:17AEG - European Woodchip Supplier757
23/2/201708:02Active Energy (LSE:AEG) Another PUMP & DUMP BY 21TRADER AKA MULTIPLE BANNED USER12

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DateSubject
05/12/2020
08:20
Active Energy Daily Update: Active Energy Group Plc is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker AEG. The last closing price for Active Energy was 0.50p.
Active Energy Group Plc has a 4 week average price of 0.39p and a 12 week average price of 0.38p.
The 1 year high share price is 1.12p while the 1 year low share price is currently 0.38p.
There are currently 1,539,202,843 shares in issue and the average daily traded volume is 3,364,720 shares. The market capitalisation of Active Energy Group Plc is £7,234,253.36.
29/9/2020
06:41
garth: "AEG is focused on increasing the scale of these lumber activities at Lumberton and announced in Q2 2020 an intention to move to a second production shift. After Labour Day weekend earlier this month, this second shift commenced. AEG is now focussed on further increasing the lumber revenues and plans to increase production levels to initial targets, including the delivery of up to 100 containers per month and the delivery of circa 1,500 rail ties per week. This should result in monthly revenues in excess of US$400,000 per month. AEG is aiming for the Lumberton Site itself to operate at breakeven from lumber operations before the end of 2020." In November 2019, AEG granted the first CoalSwitch(TM) licence to RMDE for its forthcoming projects in Alberta and British Columbia, Canada. During 2020, AEG and RMDE have been working together to commercialise the opportunity in Alberta. In the last nine months, RMDE has made significant progress both in terms of plant and engineering design for a 50 tph facility in Alberta and in obtaining the requisite financial support from partners. RMDE is also working on additional projects in Canada which could further accelerate additional licensing opportunities for AEG. AEG has also continued to assess additional licensing opportunities for CoalSwitch(TM) technology and process both elsewhere in North America and internationally. AEG is currently working with a number of international prospective partners who wish to establish CoalSwitch(TM) production facilities in various territories. Existing Business Operations: Newfoundland and Labrador During the first half of 2020, the Company has re-examined the business opportunities from its existing assets in Newfoundland, Canada. This year, Active Energy has had on-going conversations with the Ministry of Forestry and Fisheries in regard to AEG's existing timber permits and appointed new advisers to move the business opportunity forward. AEG believes that its recent experience in North Carolina will provide an important platform for a revised business opportunity in Newfoundland and AEG hopes for further developments in the coming months. G.
29/9/2020
06:17
skinny: Interim Results for Six Months Ended 30 June 2020. Highlights: -- Lumber operations continued at Lumberton, North Carolina ("Lumberton" or the "Lumberton Site") throughout the period in spite of the COVID-19 operating conditions. -- Lumber operations increased substantially following the completion of the acquisition of the joint venture interest in Renewable Energy Systems, LLC ("RES") from Renewable Logistics Systems LLC ("RLS") announced on 31 March 2020. All lumber activities at Lumberton are now wholly controlled and operated by Active Energy Renewable Power ("AERP"), a wholly owned subsidiary of the Company. -- Revenues of US$499,893 for H1 2020 (H1 2019: US$99,830), reflecting the increasing lumber operational activity. -- Completion of a fund raising of GBP800,000 (gross) through the issuance of Convertible Loan Notes ("CLN") with the proceeds immediately deployed to accelerate the development of lumber production volumes. -- Strengthening of operational and industry expertise with the appointments of Max Aitken and Jason Zimmerman as independent Non-Executive Directors in January 2020. Activities post the end of the Period: -- In August 2020, the grant of the Construction and Air Permit (the "Permit") by the North Carolina Division of Air Quality which allows the Company to complete the construction of its existing CoalSwitch(TM) plant, thereby enabling its operation to produce CoalSwitch(TM) pellets at Lumberton. -- Expansion of lumber operations and sales at Lumberton through increased container shipping capacity for saw log export to international customers and the commencement of a second sawmill shift following the Labour Day weekend. -- Appointment of an industry qualified engineering firm as the EPC for the CoalSwitch(TM) plant at Lumberton, this role includes project specific engineering and the commencement of site specific detailed engineering. -- Announced an equity fundraise of GBP1.51m (before expenses) with new and existing shareholders and stakeholders which completed in early September 2020, following shareholder approval at a General Meeting. -- Awarded London Stock Exchange's Green Economy Mark reflecting AEG's environmental credentials. -- Inclusion of AERP in the Advanced Biofuel Fuel Payment Program operated by the US Department of Agriculture and registration of AERP to the System for Award Management (SAM) database of entities entitled to work with the Federal Government. -- Additional award of a patent in regard to the CoalSwitch(TM) process by the US Patent office. -- The Company has also received several licensing enquiries from potential international partners in respect of additional CoalSwitch(TM) plants since the award of the Permit. Outlook: -- AEG has significantly improved its operating and financial position since the beginning of the financial year in spite of the challenging environment. The goal of generating increasing revenues from the wood processing and saw log export businesses is now being achieved. AEG continues to accommodate demand from its customers for its current activities at Lumberton. -- The delay in respect of the award of the Permit, primarily owing to the impact of COVID-19, has meant consequent time delays to the CoalSwitch(TM) development programme but the Company is acting as quickly as possible to overcome these challenges and limit the effect of the delay. -- The award of the Permit has meant that the Company has been given the operational parameters for the operation of a CoalSwitch(TM) plant at Lumberton and the Company is now focussed on achieving commencement of commercial operations as soon as possible. Michael Rowan, CEO of Active Energy, said: "The period under review has seen AEG build the platform to deliver on its two key strategic objectives, becoming a producer of next generation biomass fuels and establish a complementary, profitable lumber operation at the Lumberton Site. The Board is pleased with the progress AEG has made in recent months, particularly against the backdrop of COVID-19, in ramping up production at Lumberton and, whilst the pandemic has resulted in delays to the development of the CoalSwitch(TM) reference plant, we are confident the commencement of commercial operations can be achieved in the short term. I look forward to updating all stakeholders on the timeline and delivery of the plant as our business focusses on the biomass-to-energy market." This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014. Enquiries:
04/8/2020
07:05
maccamcd: SP ANGEL note: Active Energy Group PLC (AEG) listed on the AIM Market of the LSE is a renewable energy & forestry management company focused on the production of biomass fuels using its proprietary CoalSwitch™ technology as part of a portfolio of products. EVENT: AEG received formal notice that the North Carolina Department of Air Quality (NC DAQ) has issued the air quality permit for AEG’s CoalSwitch™ Biomass reference plant to be constructed in Robeson County, Lumberton, NC. HIGHLIGHTS: Permit Granted: After careful review of AEG’s application and the comments received on the draft permit during the public comment period and hearing, the NC DAQ has granted an air permit to AEG for its CoalSwitch™ Biomass reference plant in Lumberton. There are some additions to the final permit, as compared to the draft permit published on the NC DAQ site, that are intended to address some of the community concerns related to the plant. These include the following: ▪ Testing Requirements: Testing for volatile organic chemicals (VOCs) was included in the draft permit. However, additional testing for hazardous air pollutants (HAPs) and toxic air pollutants (TAPs) has now also been added. HAPs and TAPs are known to cause adverse effects to human health and the environment, and are regulated under The Clean Air Act by the EPA. ▪ Testing must now begin within 90 days of the plant start-up, instead of 180 days noted in the draft permit. ▪ A notification of start-up must be made to the NC DAQ regional supervisor within 15 days of plant start-up. ▪ Reporting Requirements: Additional record keeping and reporting requirements have been added to the final permit. Records required include the amount of softwood and hardwood processed in the pellet production process, amount of wood pellets produced, and emissions of VOCs, as well as HAPs/TAPs. Reporting requirements include facility-wide emissions reporting every 6 months, as well as amount of softwood and hardwood processed, amount of wood pellets produced, and VOC/HAPs/TAPs emissions. ▪ The amount of softwood to be used as feedstock is to be limited to 50%. ▪ The saw mill has also been included in the Exempt Activities listing attachment to the permit, so that any emissions from this operation are included in total emissions recording and reporting requirements. We believe these additional requirements are achievable by AEG and should not provide any undo limitation on the construction or operation of the Reference Plant. The requirements simply provide confirmation to the NC DAQ and the community that the facility is constructed and operates in accordance with the plans outlined in the permit application and within the terms of the final permit. As the first commercial plant to produce CoalSwitch™ biomass black pellets, it would be prudent for AEG to collect as much commercial data as possible to support future production expansion. Next Steps: 1. With a permit decision in hand, AEG can continue the final stages of preconstruction planning for the Reference Plant and ensure that remaining components for construction are on order for delivery. Recall that this reference plant is a batch production plant (vs. continuous production) which we anticipate will primarily be used for R&D over the longer-term to optimise the use of alternative/waste feedstocks in the CoalSwitch™ process. Nonetheless, initially it is expected to have the capability to produce up to 5tph of CoalSwitch™ black pellets using waste products from the onsite sawmill operations and the region. The target is to produce CoalSwitch™ biomass black pellets by year-end 2020. Though given the continued rapid spread of COVID-19 in the US, we caution that timeline targets could be extended. 2. At the same time, we expect AEG to accelerate specific engineering, permitting and construction planning for a continuous larger-scale production plant. Outlook: Management has worked diligently towards achieving this permit, and is now one step closer to its goal of creating a forest/waste to energy supply chain commercial model that can be replicated in other locations. This is a significant turning point for AEG, particularly when combined with the complementary revenue opportunities being presented by the lumber operations already underway at Lumberton.
02/7/2020
11:48
grsshaw1: Sorry in advance for the long post Re the meeting, at the end of the day usually the only people who turn up to speak at these events are to voice their objections - same of planning permission with the local councils In my opinion it was a fully planned out meeting to ensure they all targeted different objections to cover as many points (after all they did have plenty of time to organise it didn't they!) They really wanted to delay it further as they felt they should meet in public and not online - they even had people register to speak who couldn't get through due to poor broadband in the area - and someone even made a comment about this that people couldn't speak - hmmm! Not sure why they didn't use the old fashioned phone In my opinion they didn't do their homework on the benefits of Biomass and more importantly the Coalswitch technology and what it can offer in the market as a green alternative to coal as well as even more beneficial than standard white pellets. AEG also have other green technogly in development - litter/peat switch. Instead the concentration was to try and make AEG look bad by polluting and cutting down trees and on top of this focused on poor financial history. They were even digging up dirt on the JV with the power station next door Anyway looking into the detail and information I am quite confident AEG will receive the permit but will have strict testing and monitoring as the plant is being constructed Even one of the objectors legal representatives recently said that it was probably too late in the day to stop this but there needs to be strict measures in the place to manage pollution etc.. Which I fully agree with TBH as I don't want to invest in a polluting company, after all the main reason I invested in AEG was the benefits to the climate. Bear in mind the permit was already granted on 15th Jan 2020 with an expiration-date Dec 2027 - see below link. You might need to replace the 'xx' with 'tt' hxxps://files.nc.gov/ncdeq/Air%20Quality/permits/2020_public_notice_documents/draft-reviews/Active-Energy-Permit-7800242.pdf In my opinion it only went to a public meeting as DEQ are fully aware of the size of the targeted plant. Once this is passed they can then obtain the actual pollution rate from the 5tph plant and provide onsite results to prove its not an issue. I remember hearing a little while back from an interview that AEG may even look at installing solar panels at the Lumberton site! My opinions only please do your own research! This may help also - see below a written response to an article written by Lisa Sorg who is objecting The gentleman's name who wrote this is Richard! My understanding is coal switch burns hotter and cleaner than traditional wood pellets which should be phased out. AEG have stated they produce 2nd generation biofuels. Made entirely of waste wood from the timber yard and any organic waste they can source, eg agricultural crop waste, burnt timber from Forrest fires etc etc, the point is not to use lumber as its too valuable a resource to waste, hence the timber yard. Lumberton residents cut down the timber, and its up to Lumberton to manage the forests properly. This is not AEGs responsibility. The emissions were sampled when the coal switch plant was operational in Utah. AEG have a good idea of what the emmissions will be as stated and can be confirmed during monitoring. Perhaps the other polluting businesses in Lumberton should be approached and told to reduce emmissions? AEG will have state of the art emission filters and reducers to keep pollutants to a minimum. Do other businesses in Lumberton do thr same? AEG are in Lumberton as its a strategicly significant place for global trade with a suitable pool of labour. Personally I want to see fossil fuels especially coal phased out and believe cleaner renewables like coal switch is a fantastic bridge fuel to get us to a cleaner future. Green energy from solar, eind and hydrogen won’t happen overnight but coal needs to be replaced now. For the next 20 years while we transition to a cleaner greener futurecoalswitch could be that bridging fuel. Give the permit and monitor emissions. All other issues such as flooding etc is about forestry managment, the tree’s will be cut regardless, the waste from timber will give off carbon etc as it rots naturally. AEG captures that waste and gives it a purpose.
18/6/2020
11:49
maccamcd: update from Broker share price Angel out today Lumber Operations Potential Active Energy Group PLC (AEG) listed on the AIM Market of the LSE is a renewable energy & forestry management company focused on the production of biomass fuels using its proprietary CoalSwitch™ technology as part of a portfolio of products. EVENT: AEG is making significant progress with the development of the lumber operations (sawmill and saw log) at Lumberton, NC which warrants a closer review. HIGHLIGHTS: Sustainable Lumber Operations: While AEG is very focused on the development and commercialization of its CoalSwitch™ biomass technology, it has become evident that the Lumberton site in North Carolina is going to be much more than a base for the first 5tph CoalSwitch™ Biomass reference plant. While awaiting permitting to begin construction of the plant, AEG management has been forging ahead to create a sustainable lumber operation at Lumberton, NC with multiple revenue opportunities. Lumberton – Strategic Site: They key points being that it sits in the middle of a region with an abundant supply of feedstock; is right next door to a fully operating biomass power plant (owned by Georgia Renewable Power LLC - GRP); is just over 80 miles from the nearest shipping port, and is about 30 miles from a container intermodal port that feeds into the major routes for SE Asia. This makes the site ideal for domestic transport, as well as for shipping to high demand areas overseas for lumber products and CoalSwitch™ pellets or biomass products, when they become available. Lumberton Sawmill Operations: AEG buys hardwood logs of different species which are cut into minimum 9-foot-long saw logs. Each 9-foot-long saw log is cut into one rail tie and a number of dimensional lumber boards of different measures, while the waste wood from the cutting process is run through a chipper. Once chipped, the waste wood is collected and sold as fuel to a local power plant for roughly US$30/tonne, delivered. The sawdust produced is currently being collected and stored for use in the CoalSwitch™ biomass plant, a feedstock cost saving of ~US$30/tonne. Each rail tie is sold for an average price of US$30. On one shift per day for a full 12-months, the sawmill would generate an estimated annual revenue of ~US$1.44m on the sale of rail ties. However, there is additional revenue to be gained from the sale of co-products (lumber/slabs and wood chips) which should add as much as US$0.5m each year with little to no additional cost. Lumberton Saw Log Export Operations: This is a more recent addition and is expected to ramp up in volume as the summer progresses. The purchased logs are de-barked, and then loaded onto containers for shipping. As per our previous note, once up and running we expect minimum volumes of 150-160 containers per month to be shipped. A full 12 months of operation would translate to a revenue run rate of ~US$4.5m. We anticipate that volumes can be increased to as much as 300 containers per month in the near-term. With the markets suggesting increasing demand post COVID-19 for saw log exports, and increasing prices, these baseline assumptions appear conservative. Outlook While awaiting permitting to begin the construction of the initial reference plant for CoalSwitch™, AEG management has rather prudently been very busy building a sustainable lumber operations hub with sawmill operations and saw logging exports ramping up. We’ve gone from virtually no revenue to multiple and diverse revenue streams, with significant long-term growth potential. This potential has been amplified by the strategic timing acquiring 100% of the lumber operations at the Lumberton site from JV partner, Renewable Logistics Systems (RLS). This now creates a picture of a fully functional hub for lumber activities at the Lumberton, NC site, ready for the integration of the CoalSwitch™ biomass production once permitting is granted. It appears at this point, that AEG is well positioned as we look forward at the near-term opportunities. Continued execution by management is critical through the next steps of these commercial plans. Overall, we believe the balance of the year could represent some solid growth for AEG, not represented in the current market value. We continue to expect a positive outcome on the permitting for the 5tph reference plant by the North Carolina Division of Air Quality, following the close of the community consultation period on June 27, 2020 – likely sometime in July.
17/6/2020
19:29
grsshaw1: Evening Isa2020, There are 1,274m shares now in issue at the moment and yes it only takes a few trades in either direction to move this share - the volumes seem to be getting better so a little more liquidity will help with less aggressive price moves and to also narrow the dealing spread. RE the shares purchased by the then CEO the price was 1.25pps mid Dec 2017 (£520k)and the share price at the time at the exercise was approx 2.2p, by mid March the share price hit an intraday high of 5p!!! I am hopeful that when the permit is signed off they can move to full scale production fairly quickly - just hope that they have under promised the time to full production (Dec) to fully ensure they actually start hitting deadlines to provide some confidence - I am hopeful for October ish - I get the feeling this permit exercise is not really about the initial 5tph but more about the scale up build which will then make the move to the larger tph a hell of a lot quicker. Next move for me is the second shift but not sure how that works with local risk and Covid-19 etc.. Also intrigued what is happening in Asia and if there may be some news re a new licence - maybe Japan! 2 x Newfoundland cutting permits must have some potential also. RMDE at the moment for me is just an extra play and hopefully there is news very soon - nice to get the 2 x licenses which was massive for AEG but when Mr Spinks advised last week there was an update on the new pellet plant in Alberta, plus 5 others in advanced stages the share price didn't react at all - so maybe the market is not, as yet, listening to RMDE news flow. Plenty going on and recent news re reduction in carbon investment moving over to green renewables in a big way can only help - just need some exciting news flow to get some much needed attention in the the market Good Luck All
04/6/2020
14:12
grsshaw1: It appears to me that this is now a clean start for AEG and they seem to have crossed the line in the sand re a workable commercial strategy. There is very strong support and flexibility with the CLN bondholders and it looks like they all want this to work when you look at the flexibility offered with financing at the nominal price at 1p - just wondering what the share price will need to hit for them to start converting. There will be dilution but I feel this will add value to company overall due to reduction in debt with the assets they now have in place. The thing I like most is that AEG has raised funds and they have purchase assets with the proceeds and raised the cash based at 1p (in some cases the share price was approx 50% under this at the time!) Even the recent acquisition the end of March was based at 1p! Looking for a least 1.2p in the next 4 weeks and if this does happen I will be closely watching the CLN take up! Just keep you eyes on RMDE (2 Coalswitch licenses) as I have a feeling they may acquire Timberlands 76% share from AEG so they can get their hands on Newfoundland as they are based in Canada and this will leave AEG to concentrate on the US/Europe market - Feel also the Asia market with be licensed which is why they are firming up the IP protection. This then leaves US and Europe to be supplied from Lumberton and they can then ramp up production using a mixture of debt, placings (subject to CLN and share price) and profits from lumber activities
12/2/2020
10:24
jailbird: pinched this from LSE...The Guvnor posts..making some ver good points and how midleading the Co has been Please also remember when the Lumberton project was first announced in October 2018 we were told the 5tph would be immediately relocated to the Georgia Renewable Power (GRP) Plant & producing CoalSwitch by end of 2018. This then slipped in January 2019 with news that AEG was now purchasing the site next to GRP from Alamac holdings & it was fully permitted so production would commence once the sale was completed. At an investor lunch held in April 2019 I asked Rowan if the valuation for purchasing the Lumberton site was on the rich side especially as it meant even further considerable dilution for shareholders. The group were totally assured the site had all the very complex permits already in place, which allowed for the rapid relocation of the very mobile 5 tph machine to Lumberton, quickly creating immediate much needed revenues & final proof of concept therefore spring boarding AEG much faster/further forward along with us all enjoying a considerable share-price recovery. To help us believe his new hype Rowan promised with him as CEO the old AEG was now a thing of the past & even kindly produced a Corporate Presentation booklet dated April 2019 which he proudly presented to all attendees & then placed a copy on the AEG's website for us all to see/enjoy. hxxps://www.aegplc.com/wp-content/uploads/2019/04/AEG-Corporate-Presentation-25-April-2019-final.pdf So there written on page 8 in an official company presentations produced by the CEO to it's owners/shareholders it clearly states the Lumberton site is FULLY PERMITTED. Even at the AGM Simon Melling updated the shareholders with the following official statement "As shareholders will be aware, the pressing need for AEG was to concentrate on generating revenue, whilst also building a strategically located operational base in order to produce various pelletised biomass fuels including CoalSwitch™. Accordingly, the North American Lumberton Site ('Lumberton') was identified as ideal for the Company's near-term ambitions. Lumberton, consisting of up to 415,000 sq. ft of covered factory space and circa 151 acres of surrounding land in prime lumber districts, has all the requisite ancillary facilities to produce CoalSwitch™, including power supplies, PERMITS, water treatment facilities, a research and analysis lab as well as offices. It also has a critical advantage in being located adjacent to AEG's joint venture partner Georgia Renewable Power LLC ("GRP"). hxxps://polaris.brighterir.com/public/aeg_plc/news/rns/story/xpq2z3r Again presented at the most important yearly meeting to the company owners, when every piece of information needs to be 100% factually correct, the Lumberton site had everything needed to start production including all PERMITS.
28/11/2019
15:01
maccamcd: SP Angel note..Key Milestone with First Agreement Active Energy Group PLC (AEG) listed on the AIM Market of the LSE is a renewable energy & forestry management company focused on the production of biomass fuels using its proprietary CoalSwitch™ technology as part of a portfolio of products. EVENT: Active Energy group (AEG.LN) announced its first licencing agreement for its CoalSwitchTM technology in Alberta and British Columbia, Canada. KEY HIGHLIGHTS: ? Terms of the Agreement: For an initial licensing fee of US$1.8m RMD Environmentals Inc. (RMDE) has acquired the exclusive rights for the sale and commercial development of opportunities related to CoalSwitchTM in the Canadian provinces of Alberta and British Columbia (BC) for the next 20 years. In addition, any Licensed Product produced by RMDE, its clients, partners or related parties, will result in a royalty payment of US$5.00/tonne to AEG for the duration of the License Agreement. ? Joint Development of Future Activities: RMDE and AEG will jointly coordinate the engineering and installation of all plant and equipment using the CoalSwitchTM technology in the two provinces. This includes the acquisition of manufacturing and processing equipment from AEG. ? RMDE Planning its First CoalSwitchTM Plant: RMDE believes it is likely to commission its first CoalSwitchTM plant within 18 months in Alberta, though environmental and permitting processes are yet to be finalised. The initial prep and pre-engineering work have already begun for this first plant, and other projects are under consideration for future development in conjunction with government, industry and off-take partners. RMDE notes that it is in discussions with a potential partner on an off-take agreement for as much as 1m tonnes per year of CoalSwitchTM product. ? AEG is also in discussions with other potential licensees for its CoalSwitchTM technology in other regions. ? RMD Environmentals Inc.: RMDE is a wholly owned indigenous-owned business incorporated by Grand Chief Ronald Derrickson and one of AEG's longstanding shareholders with more than 10% of AEG outstanding shares (a related party). RMDE is focused on forestry management and downstream fibre processing in Western Canada, monetizing forestry assets, improving profitability and ensuring sustainability of forests. VALUE PROPOSITION: In addition to the US$1.8m upfront payment, we see significant potential value in the licensing agreement. If we consider the installation of a 50t/hr plant at the first site, annual production of CoalSwitchTM product could be ~400,000 tonnes/yr. At US$5/tonne, this represents US$2m/year to AEG, for a single plant - additional production efficiencies would result in higher royalties. Should an offtake agreement be negotiated for the stated 1m tonnes/yr of product, that translates to US$5m/yr to AEG. Notably RMDE is somewhat unique as an indigenous-owned business in that it is likely to qualify for the Indigenous Opportunities Fund (C$1b) supporting development of renewable and forestry activities by indigenous communities, as well as govt tax benefits. This allows for greater flexibility in the royalty payment to AEG, without impacting the company's own margins significantly. OUTLOOK: This is a positive step for AEG in the strategy to monetize its primary technology (Licensing the technology for third-party development, in addition to developing its own projects). We believe this could also drive interest for in-licensing or partnership agreements in other regions
17/1/2019
11:05
rmart: over on lse it seems pretty much confirmed.. from poster JAMESVL today. Subject: RE: Northland Capital Partners - NOMAD of AEG Dear James Thank you for your e-mail. SP Angel has agreed in principle to assume the role of Nomad to AEG. AIM Regulation requires share price Angel to complete a full Nomad take-on process for AEG and for any other Nomad client of Northland transferring to share price Angel. This necessitates, amongst other things, that share price Angel complete a site visit to AEG, which was completed yesterday. The Nomad take-on process for AEG is almost complete and we expect to finish the process well before 31 January 2019. The appointment of share price Angel as Nomad to AEG will be announced as soon as practicable and we are not aware of any issue that will prevent us from assuming the Nomad role to AEG. Please do let me know if you would like any further information. Kind regards XXXX Partner SP Angel
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