REG - Active Energy Group - Result of General Meeting

Active EnergyAnnouncement

22/07/2024 12:00

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RNS Number : 3037X  Active Energy Group PLC  22 July 2024

22 July 2024

 

Active Energy Group plc

("Active Energy", the "Company" or the "Group")

 

Result of General Meeting

 

Active Energy (AIM: AEG, OTCQB: ATGVF) announces that of the resolutions
proposed at this morning's general meeting (the "GM"), resolutions 1 through
to 4 inclusive were not approved by shareholders. Resolution 5, which was
proposed as an ordinary resolution to fix the liquidators remuneration, was
passed by shareholders, however as neither the winding up resolution nor the
resolution appointing the liquidator were carried, this resolution was set
aside. The votes cast by shareholders on each of the resolutions are set out
below.

The GM was convened to seek shareholder approval of: i) the cancellation of
trading in the Company's ordinary shares (the "Ordinary Shares") on AIM (the
"Cancellation"); and ii) to place the Company into a members' voluntary
liquidation (the "MVL") and appoint a liquidator. As a result, the Company has
not gone into liquidation or appointed a liquidator and cancellation will now
not take place at 7.00 a.m. on 23 July 2024.

The Company's board intend to reflect on the result of the GM and the options
available to the Company and further announcements will be made in due course.

The Ordinary Shares which were suspended from trading on AIM on 1 July 2024,
will remain suspended from trading on AIM pursuant to AIM Rule 19, until the
Company has published and posted its annual report and accounts for the year
ended 31 December 2023 ("FY 2023"). In the event that the FY 2023 annual
report and accounts have not been published within six months of the date of
suspension, then trading in the Ordinary Shares on AIM will be cancelled. In
the absence of an injection of funds, the Company's audit for FY 2023 will not
be completed.

 

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

 

 Resolution  Votes for  % of votes cast  Votes against  % of votes cast  Votes total*  % of share capital  Votes withheld**
 1           6,209,401  59.3             4,257,481      40.7             10,466,882    6.5                 4,034
 2           6,177,560  59.2             4,256,314      40.8             10,433,874    6.4                 37,042
 3           6,210,855  59.3             4,256,027      40.7             10,466,882    6.5                 4,034
 4           4,681,128  44.9             5,751,448      51.1             10,432,576    6.4                 38,340
 5           6,189,276  59.3             4,243,300      40.7             10,432,576    6.4                 38,340

 

 *   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

 

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