ACTIVE ENERGY GROUP PLC

Remuneration Information • Feb 14, 2018

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RNS Number : 8937E

Active Energy Group PLC

14 February 2018

14 February 2018

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

Active Energy Group Plc ('Active Energy', 'AEG' or 'the 'Group')

Grant of Options

Active Energy, the London quoted international biomass based renewable energy and forestry management business, announces the approval of the grant of options over a total of 50,500,000 ordinary shares of 1p each in the Group ("Ordinary Shares") to certain of its Directors, and consultants representing 3.39% of AEG's Ordinary Shares and total voting rights on a fully diluted basis (the "Options"). The Group is granting the Options in recognition of the recent achievement of certain key milestones including the official opening of AEG's first commercial CoalSwitch™ plant in Utah, USA.  

The Options are being granted in two tranches with different exercise prices and vesting periods. 25,250,000 Options will have an exercise price of 4.5p which represents the 52 week high for AEG's share price prior to 13 February 2018 (the "Tranche 1 Options").  The Tranche 1 Options will vest subject to certain conditions after 12 months and are exercisable between 1 and 10 years from the date of grant.

A further 25,250,000 Options will have an exercise price of 8.5p which represents an 89% premium to AEG's 52 week high share price, prior to 13 February 2018 (the "Tranche 2 Options"). The Tranche 2 Options will vest subject to certain conditions after 24 months and are exercisable between 2 and 10 years from the date of grant.

Options granted to Directors and PDMRs

As summarised in the tables below, AEG has granted 43,000,000 of the Options to the Company's Directors and a PDMR pursuant to the Company's existing unapproved share option scheme (the "Scheme").

Director/PDMR	Options Granted
Richard Spinks - CEO	Tranche 1 Options: 12,500,000
Tranche 2 Options: 12,500,000
Michael Rowan - Chairman	Tranche 1 Options: 8,000,000
Tranche 2 Options: 8,000,000
Michael Bolwell - Group Financial Controller	Tranche 1 Options: 1,000,000
Tranche 2 Options: 1,000,000

Messrs Spinks, Rowan and Bolwell currently have the following interests in issued Ordinary Shares:

Director/PDMR	Number of Ordinary Shares	% of issued share capital at 13  February 2018
Richard Spinks	41,733,333	4.39%
Michael Rowan	3,221,250	0.34%
Michael Bolwell	Nil	Nil

In addition, following the grant of the Options referred to above, Messrs Spinks, Rowan and Bolwell will have the following interests in share options in the AEG:

Director/PDMR	Number of options	Exercise Price	Expiry Date
Richard Spinks	12,500,000 12,500,000	4.5p 8.5p	12 February 2028 12 February 2028
Michael Rowan	4,500,000 8,000,000 8,000,000	6p 4.5p 8.5p	18 October 2025 12 February 2028 12 February 2028
Michael Bolwell	1,000,000 1,000,000 1,000,000	5p 4.5p 8.5p	8 November 2025 12 February 2028 12 February 2028

Total Share Options and Warrants

The total options outstanding that have previously been granted to other employees and consultants pursuant to the Scheme is 34,950,000. Following the grant of the Options, there are now 177,825,099 outstanding options and warrants over AEG's Ordinary Shares, representing 11.95% of the Group's Ordinary Shares and total voting rights on a fully diluted basis.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

**ENDS**

Enquiries & Further Information:

Website	LinkedIn
www.active-energy.com www.aeg-plc.com	www.linkedin.com/company/activeenergy

Enquiries
Active Energy Group Plc	Michael Rowan Executive Chairman	michael.rowan@aegplc.com
	Richard Spinks Chief Executive Officer	richard.spinks@aegplc.com
Northland Capital Partners Limited Nominated Adviser	David Hignell/Gerry Beaney	Office: +44 (0)20 3861 6625
Optiva Securities Ltd Broker	Graeme Dickson/Ed McDermott	Office: +44 (0)20 3137 1902
St Brides Partners Financial PR Adviser	Susie Geliher	info@stbridespartners.co.uk Office: +44 (0) 20 7236 1177

About Active Energy Group:

Active Energy Group Plc (AIM: AEG.L) is a London Stock Exchange-listed international renewable energy business based upon forestry assets.  Its model is focussed on capturing the entire forestry value chain through sourcing, utilising and commercialising assets, and setting a new standard in the sustainable management and optimisation of timber resources.  The Company is led by a highly technical and commercial team with the experience to execute its defined growth strategy and build its visibility, primarily as a London-listed timber opportunity with a revolutionary biomass fuel technology.

This information is provided by RNS

The company news service from the London Stock Exchange

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