TIDMAEG
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"):
Total
number
Tranche Tranche Tranche Total of Options
1 Options 2 Options 3 Options Options and warrants
Director / PDMR awarded awarded awarded awarded 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
S
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).
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name James Leahy Chairman
-------------------------- ------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------
a) Position/status See 1a)
-------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Active Energy Group plc
-------------------------- ------------------------------------------
b) LEI 213800P9PW3HJ5YJRK43
-------------------------- ------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Options over ordinary shares of GBP0.0035
financial instrument, each in Active Energy Group plc
type of instrument
Identification code 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 400,000
- Aggregated volume n/a
- Price
-------------------------- ------------------------------------------
e) Date of the transaction 18 July 2023
-------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Michael Rowan CEO
-------------------------- ------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------
a) Position/status See 1a)
-------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Active Energy Group plc
-------------------------- ------------------------------------------
b) LEI 213800P9PW3HJ5YJRK43
-------------------------- ------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Options over ordinary shares of GBP0.0035
financial instrument, each in Active Energy Group plc
type of instrument
Identification code 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 3,237,262
- Aggregated volume n/a
- Price
-------------------------- ------------------------------------------
e) Date of the transaction 18 July 2023
-------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Max Aitken Non-Executive Director
-------------------------- ------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------
a) Position/status See 1a)
-------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Active Energy Group plc
-------------------------- ------------------------------------------
b) LEI 213800P9PW3HJ5YJRK43
-------------------------- ------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Options over ordinary shares of GBP0.0035
financial instrument, each in Active Energy Group plc
type of instrument
Identification code 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 100,000
- Aggregated volume n/a
- Price
-------------------------- ------------------------------------------
e) Date of the transaction 18 July 2023
-------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Jason Zimmermann Non-Executive Director
-------------------------- -------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------
a) Position/status See 1a)
-------------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Active Energy Group plc
-------------------------- -------------------------------------------
b) LEI 213800P9PW3HJ5YJRK43
-------------------------- -------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Options over ordinary shares of GBP0.0035
financial instrument, each in Active Energy Group plc
type of instrument
Identification code 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 100,000
- Aggregated volume n/a
- Price
-------------------------- -------------------------------------------
e) Date of the transaction 18 July 2023
-------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
Name Michelle Fagan Chief Financial
a) Officer
-------------------------- ------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------
a) Position/status See 1a)
-------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Active Energy Group plc
-------------------------- ------------------------------------------
b) LEI 213800P9PW3HJ5YJRK43
-------------------------- ------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Options over ordinary shares of GBP0.0035
financial instrument, each in Active Energy Group plc
type of instrument
Identification code 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 809,316
- Aggregated volume n/a
- Price
-------------------------- ------------------------------------------
e) Date of the transaction 18 July 2023
-------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
Name Steve Schaar Chief Operating
a) Officer
-------------------------- ------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------
a) Position/status See 1a)
-------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Active Energy Group plc
-------------------------- ------------------------------------------
b) LEI 213800P9PW3HJ5YJRK43
-------------------------- ------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Options over ordinary shares of GBP0.0035
financial instrument, each in Active Energy Group plc
type of instrument
Identification code 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 1,618,631
- Aggregated volume n/a
- Price
-------------------------- ------------------------------------------
e) Date of the transaction 18 July 2023
-------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
Name Barron Hewetson Chief Technical
a) Officer
-------------------------- ------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------
a) Position/status See 1a)
-------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Active Energy Group plc
-------------------------- ------------------------------------------
b) LEI 213800P9PW3HJ5YJRK43
-------------------------- ------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Options over ordinary shares of GBP0.0035
financial instrument, each in Active Energy Group plc
type of instrument
Identification code 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 1,618,631
- Aggregated volume n/a
- Price
-------------------------- ------------------------------------------
e) Date of the transaction 18 July 2023
-------------------------- ------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ------------------------------------------
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END
MSCBLGDRRDBDGXI
(END) Dow Jones Newswires
July 19, 2023 02:00 ET (06:00 GMT)
Active Energy (LSE:AEG)
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