REG - Active Energy Group - Delay in published Annual Accounts

Active EnergyAnnouncement

28/06/2024 07:00

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RNS Number : 2212U  Active Energy Group PLC  28 June 2024

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:

 Active Energy Group Plc        Michael Rowan (Chief Executive Officer)                                 info@aegplc.com

                                James Leahy  (Non-Executive Chairman)
 Allenby Capital Limited        Nick Naylor/James Reeve/Daniel Dearden-Williams (Corporate Finance)   Office: +44 (0)20 3328 5656

 Nominated Adviser and Broker   Amrit Nahal (Sales/Corporate Broking)
 Camarco                        Tom Huddart / Emily Hall / Lily Pettifar                              aeg@camarco.co.uk

 Financial PR Adviser                                                                                 Office: +44 (0)20 3757 4980

 

 Website         LinkedIn                                         Twitter
 www.aegplc.com  www.linkedin.com/in/active-energy-group-plc/     https://twitter.com/aegplc (https://twitter.com/aegplc)

                                                                 @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.

 

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