
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN ACTIVE ENERGY GROUP PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY INVESTMENT DECISION IN RESPECT OF ACTIVE ENERGY GROUP PLC OR ANY OTHER ENTITY.
THE CONTENT OF THIS ANNOUNCEMENT HAS NOT BEEN APPROVED BY AN AUTHORISED PERSON WITHIN THE MEANING OF THE FINANCIAL SERVICES AND MARKETS ACT 2000. RELIANCE ON THIS ANNOUNCEMENT FOR THE PURPOSE OF ENGAGING IN ANY INVESTMENT ACTIVITY MAY EXPOSE AN INDIVIDUAL TO A SIGNIFICANT RISK OF LOSING ALL OF THE PROPERTY OR OTHER ASSETS INVESTED.
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF THE DOMESTIC LAW OF THE
("Active Energy", the "Company" or the "Group")
Result of Substantially Oversubscribed Placing and Total Voting Rights
Active Energy (AIM:
The Placing Price of
The Placing has conditionally raised gross proceeds of
Under the terms of the Placing, the Company will also issue Warrants over new Ordinary Shares on the basis of one Warrant for every one Placing Share issued pursuant to the Placing. Each Warrant will entitle the holder to subscribe for one new Ordinary Share at 0.1p per Ordinary Share at any time in the 3 years from the date of grant. The Warrants will not be listed on AIM or any other exchange.
Following the requisite approval being granted at the Company's general meeting held on
In addition, following completion of the Placing and conditional upon the grant of any necessary shareholder authorities to enable the Company to issue rights to subscribe for additional Ordinary Shares free of existing shareholders' pre-emption rights at a general meeting to be convened by the Company, the Company will issue additional warrants to Zeus to subscribe new ordinary shares representing a further 1% of the Enlarged Issued Share Capital. Such warrants are to be exercisable at the Placing Price at any time within five years from the date of grant (with a 3 months' extension in limited circumstances). The warrants will also include anti-dilution provisions and certain other customary provisions for the benefit of warrant holders.
Admission
Application has been made to the London Stock Exchange for admission of the 3,333,333,333 Placing Shares to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the Placing Shares will commence at
Following the Admission, the Company's issued ordinary share capital will comprise 3,841,377,097 Ordinary Shares, with no shares held in treasury. Therefore, the number of total voting rights in the Company will be 3,841,377,097, 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
Enquiries:
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Zeus Nomad and Broker |
(Investment Banking)
(Sales)
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Tel: +44 (0) 203 829 5000
Tel: +44 (0) 203 829 5633 |
Website |
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'X' |
www.linkedin.com/in/active-energy-group-plc/
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