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Active Energy Group Plc shareholders passed all resolutions at the Annual General Meeting held on 27 February 2025. This included the approval of a share sub-division, where each Ordinary Share will be divided into one New Ordinary Share and nine New Deferred Shares, both with a nominal value of 0.035 pence each. Application has been made for 161,863,136 New Ordinary Shares to be admitted to AIM trading, with dealings expected to commence at 8:00 a.m. on 28 February 2025.
| Date | 27 Feb 2025 |
| Time | 15:32:48 |
| Category | AGMs and other meetings |
| ID | 7672Y |
Active Energy Group Plc
("Active Energy" or the "Company")
Result of AGM and Share Sub-division
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.
Resolutions 1 to 8 inclusive were proposed as ordinary resolutions and Resolutions 9 and 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:
|
Resolution |
Votes for |
% of votes cast |
Votes against |
% of votes cast |
Votes total* |
% of share capital |
Votes withheld** |
||
|
1 |
23,689,290 |
97.9 |
497,547 |
2.1 |
24,186,837 |
14.9 |
220,597 |
||
|
2 |
22,973,699 |
95.0 |
1,213,135 |
5.0 |
24,186,834 |
14.9 |
220,567 |
||
|
3 |
23,666,876 |
97.9 |
519,928 |
2.1 |
24,186,804 |
14.9 |
220,597 |
||
|
4 |
22,465,198 |
92.9 |
1,721,636 |
7.1 |
24,186,834 |
14.9 |
220,567 |
||
|
5 |
22,467,461 |
92.9 |
1,719,343 |
7.1 |
24,186,804 |
14.9 |
220,597 |
||
|
6 |
22,644,303 |
94.3 |
1,378,985 |
5.7 |
24,023,288 |
14.8 |
384,114 |
||
|
7 |
22,643,316 |
94.3 |
1,379,972 |
5.7 |
24,023,288 |
14.8 |
384,114 |
||
|
8 |
23,689,256 |
97.9 |
497,548 |
2.1 |
24,186,804 |
14.9 |
220,597 |
||
|
9 |
22,530,408 |
93.9 |
1,464,263 |
6.1 |
23,994,671 |
14.8 |
412,730 |
||
|
10 |
22,396,429 |
92.6 |
1,790,375 |
7.4 |
24,186,804 |
14.9 |
220,597 |
||
|
|
|
|
|
|
|
|
|
|
|
|
* |
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 |
Resolution 4 (Share Sub-division) and Admission
As a result of Resolution 4 having been passed at the AGM, shareholders have approved to sub-divide ("Sub-division") each Ordinary Share into one New Ordinary Share (of 0.035 pence each in the capital of the Company) and 9 New Deferred Shares (of 0.035 pence each in the capital of the Company). The total nominal value of the Company's entire issued share capital remains the same following the proposed Sub-division.
It is not intended to issue new share certificate(s) to the holders of the New Ordinary Shares following the Sub-division. Existing share certificate(s) will remain valid for the same number of shares but with a different nominal value of 0.035 pence per share. The nominal value of shares already held in CREST will be updated at approximately 8.00 a.m. on 28 February 2025. The New Ordinary Shares shall have the same rights as the Existing Ordinary Shares save as to their nominal value.
Application has been made for 161,863,136 New Ordinary Shares to be admitted to trading on AIM. Dealings in the New Ordinary Shares are expected to commence at 8:00 a.m. on 28 February 2025 ("New Ordinary Share Admission") under the same ISIN and SEDOL being GB00BPG7NS80 and BPG7NS8, respectively.
Following New Ordinary Share Admission, the share capital of the Company will remain the same and be comprised of 161,863,136 New Ordinary Shares of which no shares are held in treasury. Therefore, the total number of voting rights in the Company is 161,863,136. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
Enquiries:
|
Active Energy Group Plc |
Michael Rowan (Chief Executive Officer) James Leahy (Non-Executive Chairman) |
|
|
Zeus Nominated Adviser and Broker |
Antonio Bossi, Darshan Patel, Alexandra Campbell-Harris (Investment Banking) |
Tel: +44 (0) 203 829 5000 |
|
Website |
|
'X' |
|
Active Energy Group (@aegplc) / X @aegplc |
This announcement should be read in conjunction with the Notice of AGM that was published on 4 February 2025, copies of which are available on the Company's website at https://www.aegplc.com/. Capitalised terms in this announcement have the same meaning as given in the Notice of AGM, unless the context provides otherwise.