Directorate Change

RNS Number : 6338R

Active Energy Group PLC

21 November 2012

 

21 November 2012

AIM: AEG

ACTIVE ENERGY GROUP PLC

("Active Energy" or "the Group" or "the Company")

Directorate Change

Active Energy, the AIM - the provider of processed wood product for biomass fuel and other applications, announces the resignation of Philip Palmer as Executive Director of the Company and the appointment of Colin Hill as Non-Executive Chairman, both with immediate effect.

Colin Hill, 67, was elected as a member of the Chartered Institute of Management Accountant in 1968 and in 2012 achieved the status of Chartered Global Management Accountant.  Between 1963 and 1981 Mr Hill gained experience primarily in special project work including; value engineering, systems development and implementation, investigations, and task force project work.  Since 1981 Mr Hill has worked as a freelance consultant to a number of private and public companies.  Between 1997 and 2008 Mr Hill was Group Chief Financial Officer of Arlington Group plc (a small-cap company in the private equity, venture capital and proprietary trading space). He is currently Chief Financial Officer of Xenetic Biosciences plc, a UK-based life sciences company with a range of patented technologies and an expanding proprietary drug product pipeline.

Enquiries:

Active Energy Group Plc Richard Spinks, Chief Executive Officer	Tel:[phone]
Merchant Securities Limited (Nominated Adviser and Broker)
Simon Clements	Tel: [phone]

The following information falls to be disclosed under rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies.

Colin Hill is or has been a director or partner of the following companies or partnerships in the preceding five years:

Current directorships or partnerships	Past directorships or partnerships
Xenetic Biosciences plc	Cemtron Management Services Limited
Xenetic Life Sciences Limited	Cemtron (UK) Limited
Lipoxen Technologies Limited	Arlington Group Management Services Limited
Xenetic Bio plc	Arlington Group (UK) Limited
Tool & Cutter Holdings Limited	Swan Enford Limited
C. & G. Tool & Cutter Co. Limited	Nanobio Limited
Signature Music Limited
Palace House Racing Limited

 

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