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ACTIVE ENERGY GROUP PLC
Remuneration Information • Jul 19, 2023
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 4262G
Active Energy Group PLC
19 July 2023
19 July 2023
Active Energy Group Plc
("Active Energy" or the "Company")
Awards under the Company's Long-Term Incentive Plan
Active Energy (AIM: AEG, OTCQB: ATGVF) the international biomass based renewable energy business, announces awards under the Company's new long-term incentive plan (the "LTIP"). The LTIP, which was approved by the Company's shareholders at the annual general meeting held on 11 July 2023, has been designed to incentivise the Company's Directors and members of the Company's senior management team (together the "Participants").
The LTIP has been established to promote long-term value creation for Active Energy's shareholders and to align the interests of the Participants with shareholders. Awards under the LTIP take the form of premium priced options over the Company's ordinary shares of 0.35 pence each (the "Ordinary Shares"). Once exercised, the Participants are required to hold the Ordinary Shares issued to them for a minimum period of six months. The LTIP allows for up to 12% of the Company's issued share capital from time to time to be allocated to Participants.
Initial LTIP awards
The Company has today granted options over 8,283,840 Ordinary Shares to certain Participants (the "Options") under the LTIP. The Options have been granted in three tranches, with each tranche having a different vesting period and exercise price, as follows:
· 3,594,470 Options have an exercise price of 8.3 pence per Ordinary Share (which represents a circa 35% premium to the closing mid-market price of an Ordinary Share on 18 July 2023, the date prior to grant) and vest immediately ("Tranche 1");
· 2,344,685 Options have an exercise price of 10 pence per Ordinary Share (which represents a circa 20% premium over the Tranche 1 exercise price) and vest on 18 July 2024 ("Tranche 2"); and
· 2,344,685 Options have an exercise price of 12 pence per Ordinary share (which represents a circa 20% premium over the Tranche 2 exercise price) and vest on 18 July 2025 ("Tranche 3").
All of the Options expire ten years from the date of grant and are subject to additional performance related vesting criteria. In total, the Options represent 5.12% of the Company's current issued Ordinary Shares and, when taken with the existing options and warrants over Ordinary Shares, the Company will have options and warrants outstanding over 8.26% of the Company's issued share capital.
Director and PDMR grants
A total of 3,354,470 Options have been awarded to Directors of Active Energy and persons discharging managerial responsibilities (as defined in UK MAR) ("PDMRs"):
| Director / PDMR | Tranche 1 Options awarded | Tranche 2 Options awarded | Tranche 3 Options awarded | Total Options awarded | Total number of Options and warrants held now |
| James Leahy, Chairman | 240,000 | 80,000 | 80,000 | 400,000 | 400,000 |
| Michael Rowan, CEO | 1,294,906 | 971,178 | 971,178 | 3,237,262 | 5,623,855 |
| Max Aitken, NED | 60,000 | 20,000 | 20,000 | 100,000 | 239,360 |
| Jason Zimmermann, NED | 60,000 | 20,000 | 20,000 | 100,000 | 239,360 |
| Michelle Fagan, CFO | 404,658 | 202,329 | 202,329 | 809,316 | 843,312 |
| Steve Schaar, COO | 647,453 | 485,589 | 485,589 | 1,618,631 | 1,618,631 |
| Barron Hewetson, CTO | 647,453 | 485,589 | 485,589 | 1,618,631 | 1,618,312 |
ENDS
Enquiries:
| Active Energy Group Plc | Michael Rowan (Chief Executive Officer) Michelle Fagan (Chief Financial Officer) |
[email protected] |
| Allenby Capital Limited Nominated Adviser and Broker |
Nick Naylor/James Reeve/Daniel Dearden-Williams (Corporate Finance) Amrit Nahal (Sales/Corporate Broking) |
Office: +44 (0)20 3328 5656 |
| Camarco Financial PR Adviser |
Tom Huddart / Emily Hall / Lily Pettifar | [email protected] Office: +44 (0)20 3757 4980 |
| Scoville PR US PR Adviser |
John Williams | [email protected] |
| Website | ||
| www.aegplc.com | www.linkedin.com/company/activeenergy | https://twitter.com/aegplc @aegplc |
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 significant plant modification. Active Energy Group's immediate strategic focus is the production and commercialisation of CoalSwitch®.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
| James Leahy | Chairman |
2
Reason for the notification
a)
Position/status
See 1a)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Active Energy Group plc
b)
LEI
213800P9PW3HJ5YJRK43
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Options over ordinary shares of GBP0.0035 each in Active Energy Group plc
Identification code (ISIN) for First Property Group plc ordinary shares: GB00BPG7NS80
b)
Nature of the transaction
Grant of options over ordinary shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 240,000 | 8.3 pence |
| 80,000 | 10 pence |
| 80,000 | 12 pence |
d)
Aggregated information
- Aggregated volume
- Price
400,000
n/a
e)
Date of the transaction
18 July 2023
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
| Michael Rowan | CEO |
2
Reason for the notification
a)
Position/status
See 1a)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Active Energy Group plc
b)
LEI
213800P9PW3HJ5YJRK43
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Options over ordinary shares of GBP0.0035 each in Active Energy Group plc
Identification code (ISIN) for First Property Group plc ordinary shares: GB00BPG7NS80
b)
Nature of the transaction
Grant of options over ordinary shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 1,294,906 | 8.3 pence |
| 971,178 | 10 pence |
| 971,178 | 12 pence |
d)
Aggregated information
- Aggregated volume
- Price
3,237,262
n/a
e)
Date of the transaction
18 July 2023
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
| Max Aitken | Non-Executive Director |
2
Reason for the notification
a)
Position/status
See 1a)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Active Energy Group plc
b)
LEI
213800P9PW3HJ5YJRK43
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Options over ordinary shares of GBP0.0035 each in Active Energy Group plc
Identification code (ISIN) for First Property Group plc ordinary shares: GB00BPG7NS80
b)
Nature of the transaction
Grant of options over ordinary shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 60,000 | 8.3 pence |
| 20,000 | 10 pence |
| 20,000 | 12 pence |
d)
Aggregated information
- Aggregated volume
- Price
100,000
n/a
e)
Date of the transaction
18 July 2023
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
| Jason Zimmermann | Non-Executive Director |
2
Reason for the notification
a)
Position/status
See 1a)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Active Energy Group plc
b)
LEI
213800P9PW3HJ5YJRK43
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Options over ordinary shares of GBP0.0035 each in Active Energy Group plc
Identification code (ISIN) for First Property Group plc ordinary shares: GB00BPG7NS80
b)
Nature of the transaction
Grant of options over ordinary shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 60,000 | 8.3 pence |
| 20,000 | 10 pence |
| 20,000 | 12 pence |
d)
Aggregated information
- Aggregated volume
- Price
100,000
n/a
e)
Date of the transaction
18 July 2023
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
| Michelle Fagan | Chief Financial Officer |
2
Reason for the notification
a)
Position/status
See 1a)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Active Energy Group plc
b)
LEI
213800P9PW3HJ5YJRK43
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Options over ordinary shares of GBP0.0035 each in Active Energy Group plc
Identification code (ISIN) for First Property Group plc ordinary shares: GB00BPG7NS80
b)
Nature of the transaction
Grant of options over ordinary shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 404,658 | 8.3 pence |
| 202,329 | 10 pence |
| 202,329 | 12 pence |
d)
Aggregated information
- Aggregated volume
- Price
809,316
n/a
e)
Date of the transaction
18 July 2023
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
| Steve Schaar | Chief Operating Officer |
2
Reason for the notification
a)
Position/status
See 1a)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Active Energy Group plc
b)
LEI
213800P9PW3HJ5YJRK43
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Options over ordinary shares of GBP0.0035 each in Active Energy Group plc
Identification code (ISIN) for First Property Group plc ordinary shares: GB00BPG7NS80
b)
Nature of the transaction
Grant of options over ordinary shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 647,453 | 8.3 pence |
| 485,589 | 10 pence |
| 485,589 | 12 pence |
d)
Aggregated information
- Aggregated volume
- Price
1,618,631
n/a
e)
Date of the transaction
18 July 2023
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
| Barron Hewetson | Chief Technical Officer |
2
Reason for the notification
a)
Position/status
See 1a)
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Active Energy Group plc
b)
LEI
213800P9PW3HJ5YJRK43
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Options over ordinary shares of GBP0.0035 each in Active Energy Group plc
Identification code (ISIN) for First Property Group plc ordinary shares: GB00BPG7NS80
b)
Nature of the transaction
Grant of options over ordinary shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| 647,453 | 8.3 pence |
| 485,589 | 10 pence |
| 485,589 | 12 pence |
d)
Aggregated information
- Aggregated volume
- Price
1,618,631
n/a
e)
Date of the transaction
18 July 2023
f)
Place of the transaction
Outside a trading venue
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