Statement re Close Brothers announcement

RNS Number : 9590T

Active Energy Group PLC

27 July 2022

 

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

27 July 2022

Active Energy Group Plc

("Active Energy" or the "Company")

Statement re Close Brothers announcement

Active Energy, the international biomass based renewable energy business, announces that it has come to the Company's attention that, on 21 July 2022, Close Asset Management Limited ("Close") released a public Opening Position Disclosure announcement regarding its holding in Active Energy shares under RNS number 3451T (the "Announcement"). The Company has today been informed by Close that this Announcement was released in error.

The Directors of Active Energy confirm that the Company is not in an offer period (as defined by the Panel on Takeovers and Mergers), nor is it currently in discussions with any party regarding any possible offer for the Company's ordinary shares.

ENDS

Enquiries
Active Energy Group Plc	Michael Rowan  (Chief Executive Officer) Andrew Diamond ( Chief Financial Officer)	[e-mail]
Allenby Capital Limited Nominated Adviser and Broker	Nick Naylor / James Reeve / Freddie Wooding  (Corporate Finance) Amrit Nahal  (Sales/Corporate Broking)	Office: [phone]
Camarco Financial PR Adviser	Tom Huddart / Emily Hall / Georgia Edmonds	[e-mail] Office: [phone]

About Active Energy

Active Energy Group plc is a London listed (AIM: AEG) renewable energy company focused on the production and development of next generation biomass products that have the potential to transform traditional coal fired power and heavy industries and the existing renewable biomass industry.

AEG has developed a proprietary technology platform which transforms waste biomass material into high-value renewable fuels. Its patented product CoalSwitch® is a leading drop-in biomass renewable fuel that can be co-fired with coal, completely replace coal as an alternative feedstock without requiring significant plant modifications or wholly replace existing biomass feedstock resources.

Active Energy Group's immediate strategic focus is the production and commercialisation of CoalSwitch®. CoalSwitch® is a registered trademark belonging to Active Energy Group plc.

 

END

 

 

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