22 July 2024
Active Energy Group plc
("Active Energy", the "Company" or the "Group")
Result of General Meeting
Active Energy (AIM: AEG, OTCQB: ATGVF) announces that of the resolutions proposed at this morning's general meeting (the "GM"), resolutions 1 through to 4 inclusive were not approved by shareholders. Resolution 5, which was proposed as an ordinary resolution to fix the liquidators remuneration, was passed by shareholders, however as neither the winding up resolution nor the resolution appointing the liquidator were carried, this resolution was set aside. The votes cast by shareholders on each of the resolutions are set out below.
The GM was convened to seek shareholder approval of: i) the cancellation of trading in the Company's ordinary shares (the "Ordinary Shares") on AIM (the "Cancellation"); and ii) to place the Company into a members' voluntary liquidation (the "MVL") and appoint a liquidator. As a result, the Company has not gone into liquidation or appointed a liquidator and cancellation will now not take place at 7.00 a.m. on 23 July 2024.
The Company's board intend to reflect on the result of the GM and the options available to the Company and further announcements will be made in due course.
The Ordinary Shares which were suspended from trading on AIM on 1 July 2024, will remain suspended from trading on AIM pursuant to AIM Rule 19, until the Company has published and posted its annual report and accounts for the year ended 31 December 2023 ("FY 2023"). In the event that the FY 2023 annual report and accounts have not been published within six months of the date of suspension, then trading in the Ordinary Shares on AIM will be cancelled. In the absence of an injection of funds, the Company's audit for FY 2023 will not be completed.
Enquiries:
| Active Energy Group Plc | Michael Rowan (Chief Executive Officer) James Leahy (Non-Executive Chairman) | 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 |
| Website | | |
| www.aegplc.com | www.linkedin.com/in/active-energy-group-plc/ | @aegplc |
| Resolution | Votes for | % of votes cast | Votes against | % of votes cast | Votes total* | % of share capital | Votes withheld** |
| 1 | 6,209,401 | 59.3 | 4,257,481 | 40.7 | 10,466,882 | 6.5 | 4,034 |
| 2 | 6,177,560 | 59.2 | 4,256,314 | 40.8 | 10,433,874 | 6.4 | 37,042 |
| 3 | 6,210,855 | 59.3 | 4,256,027 | 40.7 | 10,466,882 | 6.5 | 4,034 |
| 4 | 4,681,128 | 44.9 | 5,751,448 | 51.1 | 10,432,576 | 6.4 | 38,340 |
| 5 | 6,189,276 | 59.3 | 4,243,300 | 40.7 | 10,432,576 | 6.4 | 38,340 |
| * | Total votes cast do not include withheld votes |
| ** | A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes 'For' or 'Against' any of the resolutions |
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