ACTIVE ENERGY GROUP PLC

Board/Management Information • Nov 1, 2019

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RNS Number : 8557R

Active Energy Group PLC

01 November 2019

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

1 November 2019

Active Energy Group Plc

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

Appointment of Non-Executive Director

Active Energy, the London quoted international biomass based renewable energy business, is pleased to announce the appointment of James Leahy as an Independent Non-Executive Director with immediate effect.  With more than 34 years' experience in financial services, Mr Leahy has an extensive understanding of capital markets with a specialisation in commodities. In addition, he has executive experience having acted as Interim Chairman for Bacanora Minerals Ltd, a publicly listed company and served on the boards of several other listed and private companies. In these positions, he also sat on various committees ranging from audit and remuneration to AIM compliance and special investigations.  Mr Leahy will be appointed to both AEG's Remuneration and Audit Committees with immediate effect.

AEG CEO Michael Rowan said, "We are pleased to welcome James to AEG's board as he brings a wealth of experience of both capital markets and the resource sector.  This will be highly beneficial as we work towards commencing commercial production at our large-scale hub at Lumberton, North Carolina in the United States.  The rollout of our proprietary product CoalSwitch™ and new second generation biomass pellets will mark a major milestone in the Company's history, and we are delighted that James has joined us on this journey at such a key stage."

Beginning his career at the London Metal Exchange ('LME'), Mr Leahy has spent the subsequent 34 years involved in stockbroking and commodities in a variety of roles, including research analyst, equity salesman and specialist corporate broker, which covered mining finance, origination and distribution. He has worked on a wide range of projects worldwide, ranging from industrial minerals, coal, iron ore, precious metals, copper, diamonds, lithium, uranium, plantations, forestry and palm oil. Lately, he has employed his corporate governance skills, having gained substantial experience as an independent director on the boards of several quoted and unquoted companies. In addition, Mr Leahy has direct experience in capital markets, having worked at James Capel, Credit Lyonnais, Nedbank, Canaccord and Mirabaud, where he gained invaluable experience with international institutional fund managers, hedge funds, private equity and sector specialist investors.  Additionally, Mr Leahy has been involved in many IPOs, as well as primary and secondary placings, and the development of junior mining companies through to production.

He is currently a director of the listed fund Geiger Counter Ltd, Savannah Resources Plc and a private start up, Energy Minerals Investments Ltd.

Regulatory Information

Mr James Gerald Leahy, aged 58, currently holds or has held the following directorships and partnerships in the last five years:

Current Directorships	Former Directorships within the last five years
	Light Shearwater LLP
Geiger Counter Limited	Bacanora Minerals (London) Limited
Energy Minerals Investments Limited	Fine and Dandy Musicals Limited
Savannah Resources plc	Forte Energy NL
	Mineral Commodities Limited
	Bellzone Mining Plc
	Zinnwald Lithium Limited (formerly Bacanora Lithium PLC and Bacanora Lithium Limited)
	Bacanora Minerals Limited
	The Skinners' Almshouse Charity
	Energy Minerals Mexico Limited

Mr Leahy was a Non-Executive Director of Continental Coal Limited from 2011 to 2013, which entered into a 90-day standstill arrangement with its creditors in February 2014 prior to the liquidation in 2016.

Mr Leahy owns 2,000,000 ordinary shares in the Company representing 0.17 per cent. of the Company's total issued share capital with voting rights. 

No further information relating to James Leahy is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules.

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

**ENDS**

Enquiries
Active Energy Group Plc	Michael Rowan, CEO Antonio Esposito, COO
SP Angel Corporate Finance LLP Nominated Adviser and Broker	David Hignell / Caroline Rowe	Office: +44 (0)20 3470 0470
St Brides Partners Financial PR Adviser	Isabel de Salis / Priit Piip	info@stbridespartners.co.uk Office: +44 (0) 20 7236 1177

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