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Active Energy Group plc announced on 28 June 2024 that its annual accounts for the 2023 financial year will not be finalised by the 30 June 2024 deadline. This delay, due to cash constraints and a proposed members' voluntary liquidation, will result in the temporary suspension of trading in the Company's shares on AIM from 7.30 a.m. on 1 July 2024 until the audited accounts are published.
| Date | 28 Jun 2024 |
| Time | 07:00:04 |
| Category | Results |
| ID | 2212U |
28 June 2024
Active Energy Group plc
("Active Energy", the "Company" or the "Group")
Delay in published Annual Accounts
Active Energy (AIM: AEG, OTCQB: ATGVF), the international biomass based renewable energy business announces that its annual accounts for the 2023 financial year will not be finalised ahead of the 30 June 2024 deadline.
The preparation of the Company's financial statements for the year to 31 December 2023 has been placed on hold due to cash constraints on the business and the proposed members' voluntary liquidation, which was announced on 20 June 2024.
This delay to publication of the annual accounts means that trading in the Company's shares will be temporarily suspended from trading on AIM with effect from 7.30 a.m. on 1 July 2024 until the publication of its audited accounts.
Further updates will be made in due course where appropriate.
Enquiries:
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Active Energy Group Plc |
Michael Rowan (Chief Executive Officer) James Leahy (Non-Executive Chairman) |
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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 |
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Camarco Financial PR Adviser |
Tom Huddart / Emily Hall / Lily Pettifar |
Office: +44 (0)20 3757 4980 |
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Website |
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www.aegplc.com |
www.linkedin.com/in/active-energy-group-plc/ |
@aegplc |
About Active Energy Group
Headquartered in London with operations in the United States, Active Energy Group plc (AIM: AEG, OTCQB:ATGVF) is a biomass-based renewable energy company focused on the production and development of next generation biomass products that have the potential to transform coal fired power and heavy industries and the existing renewable biomass industry.
Active Energy has developed a proprietary technology 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 blended and co-fired with coal at any ratio without requiring significant plant modification or wholly replacing existing biomass fuels.