TIDMAEG

RNS Number : 6882F

Active Energy Group PLC

11 July 2023

11 July 2023

Active Energy Group Plc

("Active Energy" or the "Company")

Result of AGM

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

A copy of a Company presentation will be available shortly at: https://www.aegplc.com/ . In addition an interview with Michael Rowan, the Company's CEO, and the Company's Executive Management Team will be available shortly at https://www.proactiveinvestors.co.uk/LON:AEG/Active-Energy-Group-PLC .

Resolutions 1 to 6 inclusive were proposed as ordinary resolutions and Resolutions 7 to 10 were proposed as special resolutions of the Company.

Full details of the resolutions are set out in the Notice of AGM, published on the Company's website at:

https://www.aegplc.com/

 
 Resolution       Votes for     % of   Votes against     % of        Votes   % of       Votes 
                               votes                    votes       total*    share      withheld** 
                                cast                     cast                 capital 
 1               69,587,642   99.96%          29,546    0.04%   69,617,188     43.01%        35,184 
 2               69,514,184   99.85%         103,064    0.15%   69,617,248     43.01%        35,154 
 3               58,773,042   99.82%         103,064    0.18%   58,876,106     36.37%    10,776,296 
 4               69,453,167   99.85%         104,051    0.15%   69,557,218     42.97%        95,184 
 5               51,396,077   73.89%      18,159,894   26.11%   69,555,971     42.97%        96,431 
 6               69,379,621   99.66%         237,594    0.34%   69,617,215     43.01%        35,187 
 7               48,895,270   99.52%         237,879    0.48%   49,133,149     30.35%        35,188 
 8               48,905,841   99.54%         227,306    0.46%   49,133,147     30.35%        35,188 
 9               49,035,021   99.80%          98,129    0.20%   49,133,150     30.35%        35,187 
 10              49,098,143   99.93%          35,039    0.07%   49,133,182     30.35%        35,154 
 
 
 
 *    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

Although resolution 5 was passed, the Board notes that this resolution received more than 20% of independent votes against the Board's recommendation. The Board acknowledges this and remains committed to continuing an open dialogue with the Company's shareholders on this matter.

Enquiries:

 
 Active Energy           Michael Rowan (Chief Executive             info@aegplc.com 
  Group Plc               Officer) 
                          Michelle Fagan (Chief Financial 
                          Officer) 
 Allenby Capital         Nick Naylor/James Reeve/Daniel      Office: +44 (0)20 3328 
  Limited                 Dearden-Williams (Corporate                          5656 
  Nominated Adviser       Finance) 
  and Broker              Amrit Nahal (Sales/Corporate 
                          Broking) 
                        ---------------------------------  ------------------------ 
 Camarco                 Tom Huddart / Emily Hall                 aeg@camarco.co.uk 
  Financial PR Adviser    / Lily Pettifar                    Office: +44 (0)20 3757 
                                                                               4980 
                        ---------------------------------  ------------------------ 
 Scoville PR             John Williams                            aeg@camarco.co.uk 
  US PR Adviser 
                        ---------------------------------  ------------------------ 
 
 
 Website          LinkedIn                                 Twitter 
 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(R) 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(R).

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END

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July 11, 2023 09:07 ET (13:07 GMT)

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