Result of AGM

Active Energy Group PLC
11 July 2023
 

 

11 July 2023

Active Energy Group Plc

("Active Energy" or the "Company")

 

Result of AGM

 

Active Energy (AIM:AEG, OTCQB:ATGVF), the international biomass based renewable energy business, announces that at the Company's annual general meeting (the "AGM"), held earlier today, all the resolutions proposed at the AGM were duly passed. The proxy votes received from shareholders on each resolution are set out below.

 

A copy of a Company presentation will be available shortly at: https://www.aegplc.com/. In addition an interview with Michael Rowan, the Company's CEO, and the Company's Executive Management Team will be available shortly at https://www.proactiveinvestors.co.uk/LON:AEG/Active-Energy-Group-PLC.

 

Resolutions 1 to 6 inclusive were proposed as ordinary resolutions and Resolutions 7 to 10 were proposed as special resolutions of the Company.

 

Full details of the resolutions are set out in the Notice of AGM, published on the Company's website at:

https://www.aegplc.com/

 

 

 

Resolution

Votes for

% of votes cast

Votes against

% of votes cast

Votes total*

% of share capital

Votes withheld**

1

69,587,642

99.96%

29,546

0.04%

69,617,188

43.01%

35,184

2

69,514,184

99.85%

103,064

0.15%

69,617,248

43.01%

35,154

3

58,773,042

99.82%

103,064

0.18%

58,876,106

36.37%

10,776,296

4

69,453,167

99.85%

104,051

0.15%

69,557,218

42.97%

95,184

5

51,396,077

73.89%

18,159,894

26.11%

69,555,971

42.97%

96,431

6

69,379,621

99.66%

237,594

0.34%

69,617,215

43.01%

35,187

7

48,895,270

99.52%

237,879

0.48%

49,133,149

30.35%

35,188

8

48,905,841

99.54%

227,306

0.46%

49,133,147

30.35%

35,188

9

49,035,021

99.80%

98,129

0.20%

49,133,150

30.35%

35,187

10

49,098,143

99.93%

35,039

0.07%

49,133,182

30.35%

35,154

 

*

Total votes cast do not include withheld votes

**

A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes 'For' or 'Against' any of the resolutions

 

 

Although resolution 5 was passed, the Board notes that this resolution received more than 20% of independent votes against the Board's recommendation.  The Board acknowledges this and remains committed to continuing an open dialogue with the Company's shareholders on this matter.

 

Enquiries: 

Active Energy Group Plc

Michael Rowan (Chief Executive Officer)

Michelle Fagan (Chief Financial Officer)

  info@aegplc.com

Allenby Capital Limited

Nominated Adviser and Broker

Nick Naylor/James Reeve/Daniel Dearden-Williams (Corporate Finance)

Amrit Nahal (Sales/Corporate Broking)

Office: +44 (0)20 3328 5656

Camarco

Financial PR Adviser

Tom Huddart / Emily Hall / Lily Pettifar

aeg@camarco.co.uk

Office: +44 (0)20 3757 4980

Scoville PR

US PR Adviser

John Williams

aeg@camarco.co.uk

 

Website

LinkedIn

 Twitter

www.aegplc.com

www.linkedin.com/company/activeenergy

 

 https://twitter.com/aegplc

@aegplc

 

 

About Active Energy Group:

 

Active Energy Group plc is a London listed (AIM: AEG) renewable energy company that has developed a proprietary technology which transforms low-cost biomass material into high-value green fuels. Its patented product CoalSwitch® is the world's only drop-in biomass fuel that can be mixed at any ratio with coal or completely replace coal in existing coal-fired power stations without requiring significant plant modification. Active Energy Group's immediate strategic focus is the production and commercialisation of CoalSwitch®.

 

 

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