Result of Bonus Issue & Direc

RNS Number : 3483Q
Active Energy Group PLC
02 August 2010
 

2 August 2010

(AIM: AEG)

Active Energy Group plc

("Active Energy" or "the Company")

 

Result of Bonus Issue & Directors Shareholdings

 

Further to the announcement made on 30 July 2010, Active Energy is pleased to announce that as a result of the proposed Bonus Issue, which was approved by shareholders at the Annual General Meeting, 5,343,148 ordinary shares have today been admitted to trading on AIM. The Company now has a total of 112,208,971 ordinary shares in issue.

 

Pursuant to the Bonus Issue, the resultant shareholdings of the directors of the Company are as follows:

 


 

Bonus issue shares

Resultant number of ordinary shares held

Percentage of enlarged issued share capital

Christopher Foster

390,539

8,201,324

7.31

Philip Palmer

187,681

3,941,312

3.51

Kevin Baker

45,300

951,303

0.85

 

Enquiries:

 

Active Energy Group Plc


Kevin Baker, Chief Executive

Christopher Foster, Executive Director

 

Tel: 020 3176 3033

Tel: 020 3176 3031

 

Merchant Securities Limited (Nominated Adviser)


John East/Simon Clements

Tel: 020 7628 2200

 

Jendens Securities Ltd (Joint Broker)


Kim Richardson

 

Tel: 0203 372 2500

Rivington Street Corporate Finance Ltd (Joint Broker)


Peter Greensmith

 

Tel: 020 7562 3370

Biddicks (Financial PR)


Sophie Lane

Tel: 020 7448 1000

 

About Active Energy Group Plc

 

Active Energy Group Plc (AIM: AEG) is a holding company that owns 72.2 per cent. of Active Energy Limited. Active Energy manufactures and supplies the VoltageMaster, a device that can reduce electricity consumption in commercial buildings by up to 20 per cent.

 

Other wholly owned subsidiaries in the Group include Derlite Co Limited; based in Thailand, this company is an international manufacturer of electrical and non-electrical components specializing in ignition systems for gas appliances and Gasignition Limited; a trading company supplying electrical components to small and medium-sized European gas appliance manufacturers.

 

About Active Energy

 

Active Energy owns the rights, intangible assets and intellectual property of VoltageMaster, a range of voltage optimisation equipment for commercial buildings that reduces voltage, and consequently energy consumed, by up to 20 per cent. The VoltageMaster, a sophisticated, easy to install device that is adaptable to complement existing infrastructures, optimises the voltage used in a building by adjusting the electricity voltage supplied to the whole building. In addition, the reduced energy consumption produced by the VoltageMaster provides reduced carbon emissions.

 

 

 


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