Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy
11 December 2018
Active Energy Group Plc ('Active Energy', 'AEG' or the 'Company')
Nominated Adviser Status
Active Energy, the London quoted international biomass based renewable energy and forestry management business, announces that the Directors have been advised by its current nominated adviser ("Nomad"), Northland Capital Partners Limited ("Northland") of its proposed merger with SP Angel Corporate Finance LLP ("SP Angel"). Northland has voluntarily agreed to relinquish its Nomad status and will be removed from the register of Nomads with effect from 7am on 1 February 2019.
As a result, it is the intention of the Directors to transition the Company's Nomad role from Northland to SP Angel. This process has already started and at present the Company anticipates an orderly transition of the Nomad role.
However, AEG recognises that the merger remains subject to regulatory approvals and due diligence. In accordance with AIM Rule 1, if in the unlikely event that the Company fails to appoint a new Nomad by 1 February 2019 the Exchange will suspend trading in the Company's AIM Securities. In the unlikely event that the Company has failed to appoint a replacement Nomad by 4 March 2019 the admission of its AIM Securities will be cancelled.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
**ENDS**
Enquiries & Further Information:
Enquiries |
Active Energy Group Plc |
Michael Rowan Chief Executive Officer (Active Energy) |
[email protected] |
Northland Capital Partners Limited Nominated Adviser |
David Hignell / Gerry Beaney / Domile Andruskeviciute |
Office: +44 (0)20 3861 6625 |
Optiva Securities Ltd Broker |
Graeme Dickson / Ed McDermott |
Office: +44 (0)20 3137 1902 |
St Brides Partners Financial PR Adviser |
Susie Geliher / Isabel de Salis |
[email protected] Office: +44 (0) 20 7236 1177 |
About Active Energy Group:
Active Energy Group Plc (AIM: AEG.L) is a London Stock Exchange-listed international renewable energy business based upon forestry assets. Its model is focussed on capturing the entire forestry value chain through sourcing, utilising and commercialising assets, and setting a new standard in the sustainable management and optimisation of timber resources.
The Company is led by a highly technical and commercial team with the experience to execute its defined growth strategy and build its visibility, primarily as a London-listed timber opportunity with a revolutionary biomass fuel technology.
