Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy
10 October 2019
Active Energy Group Plc
('Active Energy', 'AEG', the 'Company' or the 'Group')
Active Energy, the London quoted international biomass based renewable energy business announces that Simon Melling, a Non-Executive Director of the Company, has stepped down from the board with immediate effect. The Company is in the process of appointing his replacement and will update the market in due course.
Michael Rowan, CEO of Active Energy, said, "On behalf of the Board I would like to thank Simon for his invaluable contribution throughout his tenure, that saw many changes for the Company. Furthermore, he was integral in devising our future strategy. I wish him all the best in his future undertakings, where his many skills will surely benefit any future endeavour he will undertake."
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
Active Energy Group Plc
Michael Rowan, CEO
Antonio Esposito, COO
SP Angel Corporate Finance LLP
Nominated Adviser and Broker
David Hignell / Caroline Rowe
Office: +44 (0)20 3470 0470
St Brides Partners
Financial PR Adviser
Isabel de Salis / Priit Piip
Office: +44 (0) 20 7236 1177
About Active Energy Group:
Active Energy Group plc is a London listed (AIM: AEG) renewable energy company that has developed a proprietary technology which transforms low-cost biomass material into high-value green fuels. Its patented product CoalSwitch™ is the world's only drop-in biomass fuel that can be mixed at any ratio with coal or completely replace coal in existing coal-fired power stations without requiring plant modification.
Active Energy Group's immediate strategic focus is the production and commercialisation of CoalSwitch™ and SuperFuel™, a low emission CoalSwitch™ blend that utilises waste coal fines.
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Quick facts: Active Energy Group PLC
Market Cap: £5.47 m
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