Director Share Purchases

RNS Number : 1464O
Active Energy Group PLC
02 November 2016
 

2 November 2016

 

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

 

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

 

Director Share Purchases

 

Active Energy, the London quoted renewable energy, forestry management and timber processing business, has been advised that the following directors purchased ordinary shares of 1p in the Company ("Ordinary Shares") on 1 November 2016.

 

Name

Price (£)

Number of Ordinary Shares Purchased

Beneficial interest in Ordinary Shares following purchase

% of Total Voting Rights in the Company following purchase

Richard G Spinks (CEO)

0.03

63,000

10,225,000

1.55

Brian Evans-Jones (CFO)

0.0286

150,000

1,650,000

0.25

Michael Rowan

(Non-Exec Chairman)

0.029

160,000

3,011,250

0.46

 

Richard Spinks, Chief Executive Officer of Active Energy said: "This purchase of Ordinary Shares in the open market from three directors, which swiftly follows the decision of our major investor and CoalSwitch partners to align themselves with Active Energy shareholders by converting their interests to AEG equity, highlights the confidence that we, as a group, have in the Company's future.  Our pelleted CoalSwitch product, which is now being commercialised following successful trials with the University of Utah, has the potential to revolutionise the power generation industry; an opportunity we the Board of Active Energy are focussed on capitalising on in the near term.  The commercialisation of CoalSwitch will complement our additional interests, which are focussed on the sourcing, management and sustainable utilisation of forests; AEG TimberLands and our profitable AEG WoodFibre business."

 

__________________________________________________________________________________________________________________

 

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                                          

Richard G Spinks

2.            

Reason for the Notification

a)

Position/status

CEO

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

Pending

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 Financial instrument, type of instrument

Ordinary Shares of 1p each

Identification code

 

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

3p

63,000

 

 

 

d)

Aggregated information:

·      Aggregated volume

·      Price

 

 

e)

Date of the transaction

1 November 2016

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 

 

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

 

5.            

Details of the person discharging managerial responsibilities / person closely associated

a)

Name                                          

Brian Evans-Jones

6.            

Reason for the Notification

a)

Position/status

CFO

b)

Initial notification/Amendment

Initial Notification

7.    

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Active Energy Group plc

b)

LEI

Pending

8.    

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 Financial instrument, type of instrument

Ordinary Shares of 1p each

Identification code

 

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.0286p

150,000

 

 

 

d)

Aggregated information:

·      Aggregated volume

·      Price

 

 

e)

Date of the transaction

1 November 2016

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 

 

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

 

9.            

Details of the person discharging managerial responsibilities / person closely associated

a)

Name                                          

Michael Rowan

10.            

Reason for the Notification

a)

Position/status

Non Exec Chairman

b)

Initial notification/Amendment

Initial Notification

11. 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Active Energy Group plc

b)

LEI

Pending

12. 

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 Financial instrument, type of instrument

Ordinary Shares of 1p each

Identification code

 

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

2.9p

160,000

 

 

 

d)

Aggregated information:

·      Aggregated volume

·      Price

 

 

e)

Date of the transaction

1 November 2016

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 

 

 

**ENDS**

 

Enquiries & Further Information

 

Website

LinkedIn

Twitter

www.active-energy.com

www.linkedin.com/company/activeenergy

 

www.twitter.com/aegplc (@aegplc)

 

Enquiries

Active Energy Group Plc

 

Richard Spinks

Chief Executive Officer

 

richard.spinks@active-energy.com

Int: +380 503 942 702

 

Brian Evans-Jones

Chief Financial Officer

brian.evans-jones@active-energy.com

UK: +44 (0)7500 861 696

Ukraine: +380 955 227 745

Northland Capital Partners Limited

Nominated Adviser & Broker

 

Patrick Claridge/David Hignell/Gerry Beaney (Corporate Finance)

 

John Howes/Rob Rees

(Sales and Broking)

Office: +44 (0)20 3861 6625

St Brides Partners

Financial PR Adviser

 

Susie Geliher/Megan Dennison

info@stbridespartners.co.uk

Office: +44 (0) 20 7236 1177

 

 

About Active Energy Group

Active Energy Group Plc ("Active Energy" or "AEG") is an AIM quoted company operating internationally across the entire timber supply chain - from forest to factory and fuel.

 

Active Energy's vertically-integrated business units provide timberland development services for forestry owners, industrial wood fibre for MDF manufacturers, and second-generation biomass coal replacement fuels for industrial power generators.

 

Active Energy has three divisions:

 

·     AEG TimberLands: Forestry Asset Management and Development

·     AEG WoodFibre: Industrial Wood Fibre for Medium-Density Fibreboard (MDF) Manufacturing

·     AEG CoalSwitch: Advanced Biomass Coal Replacement Fuels and Fuel Processing Systems

 

Active Energy's relationships with forestry owners through its AEG TimberLands operation allows the Company to maximise the value of its standing timber assets, converting low-grade material - primarily non-saw logs/technical lumber and forestry thinnings - into industrial wood fibre for MDF manufacturing via Active Energy's AEG WoodFibre division.  This vertically integrated model also provides feedstock for the Company's AEG CoalSwitch joint venture, which generates green energy power generation from biomass. 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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