AEG.L

Active Energy Group Plc
Active Energy Group - Cash Received from Player Design Inc.
6th March 2024, 07:00
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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

 

Website

LinkedIn

 Twitter

www.aegplc.com

www.linkedin.com/in/active-energy-group-plc/ 

 https://twitter.com/aegplc

@aegplc

 

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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