30 June 2015
Active Energy Group Plc
("Active Energy Group" or the "Group" or the "Company" or "AEG")
Correction: Director's Dealings
The Company's RNS released at 07:00am on 30 June 2015 in relation to the director dealing of Richard Spinks incorrectly stated Mr Spinks' beneficial interest following the transaction. Following this purchase, Mr Spinks is beneficially interested in 9,787,000 Shares, representing approximately 1.75% of the Company's issued share capital.
All other details remain the same and the full corrected announcement is shown below.
Active Energy Group Plc
("Active Energy Group" or the "Group" or the "Company" or "AEG")
Director's Dealings
Active Energy Group Plc (AIM: AEG.L), the London Stock Exchange AIM-quoted international supplier of industrial wood chip for MDF manufacturing and Biomass for Energy (BFE) power generation, global forestry and natural resources development services, and Biomass for Energy (BFE) fuel solutions and systems announces that it has today been notified that on 29 June 2015 Mr Richard Spinks, Chief Executive Officer and a Director of the Company, purchased 300,000 shares in the capital of the Company ("Shares") at a price of 5.5 pence (£0.055) per Share.
Following this purchase, Mr Spinks is beneficially interested in 9,787,000 Shares, representing approximately 1.75% of the Company's issued share capital.
- ENDS -
NOTES TO EDITORS & CONTACT INFORMATION
ABOUT ACTIVE ENERGY GROUP PLC:
Active Energy Group Plc is a London Stock Exchange AIM-quoted company (AIM: AEG.L). Headquartered in the UK, it is a fast-expanding international business, which has experienced exceptionally strong growth and diversification into complementary industry sectors since the current management team assumed responsibility in mid-2012.
The Group has considerable expertise across the entire timber industry supply chain - from forest to finished product.
Its four specialist business divisions, which reflect its knowledge and experience and which work together to maximise commercial opportunities, focus on providing products and services to specific global market sectors:
· Forestry & Natural Resources Development and Management
· Wood Chip for Medium-Density Fibreboard (MDF) Manufacturing
· Wood Chip for Biomass for Energy (BFE) Power Generation
· Second Generation Biomass for Energy (BFE) Fuel Solutions and Systems
Active Energy Group Plc operates from four international locations:
· Ukraine, where it is the largest producer and exporter of wood chip for MDF manufacturing.
· Canada, where it has entered into a landmark joint venture - KAQUO Forestry & Natural Resources Development Corporation - with several indigenous Métis Settlements to commercialise in excess of 250,000 hectares of their lands, containing valuable forests and natural resources, including oil and gas reserves.
· Spain, from where it sources finished wood chip for export to international customers.
· United Kingdom, where it operates a research & development facility for new BFE fuel technologies.
Ukraine and Canada, with their large forestry reserves and comprehensive road, rail and sea transport links, are ideal locations from which to source raw timber and manufacture wood chip and fuel pellets for supply to MDF producers and Biomass power plants.
In addition to its existing activities, the Group is actively developing innovative Biomass fuel solutions, converting waste wood and industrial/agricultural by-products into feedstock for clean energy power generation as a direct replacement for coal.
A highly experienced and dedicated management team leads Active Energy Group Plc, each of whom possesses a proven track record in the industries and regions in which it operates and from which its revenues are generated.
The Company has grown significantly in recent years, and has established a firm foundation, excellent reputation and international customer base upon which to build for the future.
ENQUIRIES:
Active Energy Group Plc |
Richard Spinks |
[email protected] |
Intl.: |
+39 344 111 6071 |
Chief Executive Officer |
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Ukraine: |
+380 503 942 702 |
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Brain Evans-Jones |
[email protected] |
UK: |
+44 (0)7500 861 696 |
Chief Financial Officer |
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Ukraine: |
+380 955 227 745 |
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Mark Broomer |
[email protected] |
Intl.: |
+972 (0)54 575 3091 |
Corporate Communications |
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UK: |
+44 (0)7703 18 88 18 |
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WH Ireland Ltd. (Nominated Adviser and Broker) |
Chris Fielding/Mark Leonard |
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Office: |
+44 (0)20 7220 1666 |
