Active Energy Group PLC Cash Received from Player Design Inc.
06 Marzo 2024 - 8:00AM
RNS Regulatory News
RNS Number : 7166F
Active Energy Group PLC
06 March 2024
6 March 2024
Active Energy Group
Plc
("Active Energy" or
the "Company")
Cash
Received from Player Design Inc.
Active Energy (AIM: AEG, OTCQB: ATGVF), the
international biomass based renewable energy business, announces
that the Company has received the cash payment of $1,650,000 from
the PDI Parties pursuant to the Settlement Agreement, details of
which were announced on 5 March 2024.
The Board continues to examine the
most expedient ways to commence CoalSwitch® fuel production, using
its proprietary technologies, and will provide an update to
shareholders at the earliest opportunity.
ENDS
Enquiries:
|
Active Energy Group Plc
|
Michael Rowan (Chief
Executive Officer)
Michelle Fagan (Chief
Financial Officer)
|
info@aegplc.com
|
|
Allenby Capital Limited
Nominated Adviser and Broker
|
Nick
Naylor/James Reeve/Daniel
Dearden-Williams (Corporate
Finance)
Amrit Nahal (Sales/Corporate Broking)
|
Office: +44 (0)20 3328
5656
|
|
Camarco
Financial PR Adviser
|
Tom
Huddart / Emily Hall / Lily Pettifar
|
aeg@camarco.co.uk
Office: +44 (0)20 3757
4980
|
|
Scoville PR
US
PR Adviser
|
John
Williams
|
jwilliams@scovillepr.com
|
About Active Energy Group
Headquartered in London with
operations in the United States, Active Energy Group plc (AIM: AEG,
OTCQB:ATGVF) is a biomass-based renewable energy company focused on
the production and development of next generation biomass products
that have the potential to transform coal fired power and heavy
industries and the existing renewable biomass industry.
Active Energy has developed a
proprietary technology which transforms waste biomass material into
high-value renewable fuels. Its patented product CoalSwitch® is a
leading drop-in biomass renewable fuel that can be blended and
co-fired with coal at any ratio without requiring significant plant
modification or wholly replacing existing biomass fuels.
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END
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Grafico Azioni Active Energy (LSE:AEG)
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