Active Energy Group (LON:AEG), the international biomass based renewable energy business, has announced that the Company’s Annual Report and Financial Statements for the year ended 31 December 2022, together with the notice of the Company’s 2023 Annual General Meeting, are now available to view on the Company’s website (see – https://aegplc.com/corporate-documents/). The Annual General Meeting will be held at the offices of Allenby Capital Limited, 5th Floor, 5 St. Helen’s Place, London EC3A 6AB, on Tuesday 11 July 2023 at 9.00 a.m.
The Notice of AGM contains a resolution to approve the adoption of a new long term incentive scheme, details of which are set out in the Notice of AGM.
Shareholders are encouraged to vote by proxy and appoint the Chairman of the meeting as their proxy for this purpose (rather than their own choice of person) to ensure that their vote is counted if they are unable to attend the meeting.
The Annual Report and Accounts and Notice of the AGM will be posted shortly to shareholders who requested hard copies.
Active Energy Group plc (LON: 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. In 2022 Active Energy’s partner, Player Design Inc commenced the process for building a production facility for Coalswitch® at PDI’s facility at Ashland, Maine. Under a “take or pay” arrangement Active Energy will purchase CoalSwitch® from PDI for sale to the Company’s prospective customers in the US and Europe.
