Result of Placing and Total Voting Rights
Active Energy Group PLC has successfully completed a placing to raise gross proceeds of £1.3 million through the issuance of 1,575,757,576 ordinary shares at a price of 0.0825 pence per share, representing a 23% discount to the previous day's closing price. A substantial shareholder, John Story, participated in the placing, subscribing for 606,060,600 shares, which is considered a related party transaction deemed fair and reasonable by the independent directors. Following admission of these new shares on May 8, 2026, the company's total issued ordinary share capital will be 6,801,240,360, with no shares held in treasury, resulting in a total of 6,801,240,360 voting rights.
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Active Energy (AIM: AEG, OTCQB: ATGVF), an alternative energy company focused on the deployment of renewable infrastructure and the integration of advanced digital technologies, announces that, further to the announcement at 5:01 p.m. on 30 April 2026 (the "Announcement"), it has conditionally completed and closed the Placing to raise gross proceeds of £1.3 million (before expenses). The Placing was covered by a limited number of very supportive investors.
The Placing Price of 0.0825 pence represents a discount of 23 per cent. to the closing middle market price of 0.1075 pence per Ordinary Shares on 29 April 2026, being the last business day prior to the announcement of the Placing.
Zeus Capital Limited acted as Bookrunner for and on behalf of the Company in respect of the Placing. The Placing was undertaken through an accelerated bookbuild process.
The Placing has conditionally raised gross proceeds of £1.3 million through the placing of 1,575,757,576 Placing Shares to certain institutional and other investors.
Related Party Transaction
John Story is a substantial shareholder of AEG and has agreed to subscribe for 606,060,600 Ordinary Shares in the Placing. Accordingly, John Story's participation in the Placing is classified as a related party transaction pursuant to the AIM Rules for Companies. The Directors of AEG (all of which are independent of the Transaction) having consulted with Zeus, the Nominated Adviser for AEG, consider that the terms of John Story's participation in the Placing are fair and reasonable insofar as the AEG shareholders are concerned.
Admission
Application will be made to the London Stock Exchange for admission of the 1,575,757,576 Placing Shares to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the Placing Shares will commence at 8.00 a.m. on 8 May 2026.
Following the Admission, the Company's issued ordinary share capital will comprise 6,801,240,360 Ordinary Shares, with no shares held in treasury. Therefore, the number of total voting rights in the Company will be 6,801,240,360, and this figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the voting rights of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Capitalised terms used but not defined in this announcement have the meanings given to them in the Company's announcement released at 5.01 p.m. on 30 April 2026 in respect of the Placing unless the context provides otherwise.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.