Mise à jour de l'entreprise
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR").
09 Avril 2024
Groupe d'énergie active Plc
("Énergie active" ou la "Entreprise")
Mise à jour commerciale
Énergie active (OBJECTIF: AEG, OTCQB: ATGVF), the international biomass based renewable energy business, today announces a business update.
Since the Company entered into the settlement agreement with Tyler Player and Player Design Inc ("PDI") on 4 March 2024, details of which were announced on 5 March 2024, the Board has undertaken a review of the Company's business. This review has involved examining all aspects of Active Energy's business, including of the immediate options to produce CoalSwitchÒ, the Company's proprietary technology for next generation biomass fuel. The review has also evaluated how to secure sufficient funding to commence CoalSwitchÒ production, based on new time lines which indicate that it would take the Company a minimum of 12 months to commence production of CoalSwitchÒ if funding was immediately available.
The review by the Board has concluded that the Company, in its current structure, is unable to raise sufficient working capital to build and/or operate a CoalSwitchÒ production facility within the appropriate timeframe. In light of this conclusion, the Board believes that the appropriate course of action to accelerate the development of CoalSwitchÒ is to seek a buyer for the Company's CoalSwitchÒ assets. It is the Board's belief that CoalSwitchÒ is a market leading, next generation fuel that has the potential to transform coal fired power and heavy industries and the existing renewable biomass industry.
The Company's CoalSwitchÒ assets comprise; i) the Company's original patent and trademark portfolio on the steam explosion process to produce the fuel; ii) all production and test data knowhow acquired from the initial production activities at PDI's facility at Ashland in Maine that may be applicable for the future production methods for biomass products; and iii) all the relevant customer test data.
Should the Board receive an acceptable offer for the CoalSwitchÒ assets, a sale is likely to constitute a fundamental change of business pursuant to Rule 15 of the AIM Rules for Companies and would require the approval of shareholders at a general meeting of the Company. Any such disposal is expected to result in the Company becoming an AIM Rule 15 cash shell.
Notre compagnie is looking to commence discussions with prospective parties regarding the sale of the Company's CoalSwitchÒ actif at the earliest opportunity but there can be no guarantee that the Company will be able to dispose of the CoalSwitchÒ assets and further announcements will be made as appropriate.
Enquêtes
Groupe d'énergie active Plc | Michael Rowan (Directeur Général) James Leahy (Président non exécutif) | |
Allenby Capital Limitée Conseiller désigné et Broker | Nick Naylor/James Reeve/Daniel Dearden-Williams (Finance d'entreprise) Amrit Nahal (Ventes/courtage d'entreprise) | Bureau: +44 (0) 20 3328 5656 |
Camarco Conseillère en relations publiques financières | Tom Huddart/Emily Hall/Lily Pettifar | Bureau: +44 (0) 20 3757 4980 |
Scoville RP Conseiller en relations publiques aux États-Unis | John Williams |
Site Web | ||
www.aegplc.com | www.linkedin.com/in/active-energy-group-plc/ | https://twitter.com/aegplc @aegplc |
À propos d'Active Energy Group
Basée à Londres et opérant aux États-Unis, Active Energy Group plc (AIM : AEG, OTCQB : ATGVF) est une société d'énergie renouvelable basée sur la biomasse axée sur la production et le développement de produits de biomasse de nouvelle génération qui ont le potentiel de transformer les centrales au charbon. les industries lourdes et électriques et l’industrie existante de la biomasse renouvelable.
Active Energy a développé une technologie exclusive qui transforme les déchets de biomasse en carburants renouvelables de grande valeur. Son produit breveté CoalSwitch® est un combustible renouvelable de biomasse de premier plan qui peut être mélangé et co-alimenté avec du charbon dans n'importe quel rapport sans nécessiter de modification significative de l'usine ni remplacer entièrement les combustibles de biomasse existants.
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