ACTIVE ENERGY GROUP PLC

AGM Information • Jul 4, 2022

National Storage Mechanism | Additional information

RNS Number : 2025R

Active Energy Group PLC

04 July 2022

Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy

4 July 2022

Active Energy Group Plc

("Active Energy" or the "Company")

Result of AGM

Active Energy, the London quoted international biomass based renewable energy business, announces that at the Company's annual general meeting ("AGM"), held earlier today, all resolutions were duly passed. The proxy votes received from shareholders on each resolution are set out below.

A short presentation made at the AGM by CEO, Michael Rowan, is available at: https://www.aegplc.com/

Resolutions	Votes for*	% of votes cast	Votes against	% of votes cast	Votes total **	% of share capital	Votes withheld ***
To approve the report and accounts	2,591,397,004	99.8	4,052,147	0.2	2,595,449,151	45.8	3,964,469
To re-appoint Michael Rowan as a Director	2,585,093,665	99.5	13,573,779	0.5	2,598,667,444	45.9	746,176
To re-appoint the auditor	2,593,059,027	99.8	5,291,647	0.2	2,598,350,674	45.9	1,062,946
To approve the share consolidation	2,582,978,334	95.0	135,159,924	5.0	2,718,138,258	48.0	764,527
To authorise Directors to allot shares	2,581,878,659	99.4	16,773,989	0.6	2,598,652,648	45.9	760,972
To authorise Directors to allot shares for cash without application of pre-emption rights	2,579,036,887	99.2	19,632,531	0.8	2,598,669,418	45.9	744,202

*	Includes discretionary votes
**	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

Share Consolidation

Details of the Consolidation of the Company's ordinary shares, approved at today's AGM, were set out in the Company's announcement on 10 June 2022, including the timetable of events. Application has been made for the New Ordinary Shares to be admitted to trading on AIM and dealings in the New Ordinary Shares are expected to commence at 8:00 a.m. tomorrow.

Following Admission, the new ISIN code for the Company's ordinary shares of £0.0035 each will be GB00BPG7NS80 and their new SEDOL code will be BPG7NS8.

As set out in the Company's announcement on 10 June 2022, to effect the Consolidation it is necessary to issue such minimum number of additional Existing Ordinary Shares so that the aggregate nominal value of the ordinary share capital of the Company is exactly divisible by 35. Therefore, 15 Existing Ordinary Shares will be issued at nominal value today, prior to the Consolidation.

Total Voting Rights

Upon Admission, the Company's issued share capital will consist of 161,863,136 ordinary shares of £0.0035 each with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 161,863,136. With effect from Admission, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the announcement published on 10 June 2022.

OTCQB

Following the Consolidation, the Directors believe that the Company's share price will comply with the rules for listing on the OTCQB and the Company will therefore be able to proceed with its OTCQB listing. The Board feels that this is a positive step for AEG, as it transitions towards ramping up operations at the Ashland Facility in Maine, USA. A further announcement will be made once this has completed.

Enquiries
Active Energy Group Plc	Michael Rowan (Chief Executive Officer) Andrew Diamond (Chief Financial Officer)	info@aegplc.com
Allenby Capital Limited Nominated Adviser and Sole Broker	Nick Naylor / James Reeve / Freddie Wooding (Corporate Finance) Amrit Nahal (Sales/Corporate Broking)	Office: +44 (0)20 3328 5656
Camarco Financial PR Adviser	Georgia Edmonds / Tom Huddart / Emily Hall	aeg@camarco.co.uk Office: +44 (0)20 3757 4980

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®.

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