Business
Cash Received from Player Design Inc.
Cash Received from Player Design Inc..
About this update from Active Energy Group Plc
[{"type":"text","content":"\n\n6 March 2024\nActive Energy Group Plc\n(\"Active Energy\" or the \"Company\")\nCash Received from Player Design Inc.\nActive Energy (AIM: AEG, OTCQB: ATGVF), the international biomass based renewable energy business, announces that the Company has received the cash payment of $1,650,000 from the PDI Parties pursuant to the Settlement Agreement, details of which were announced on 5 March 2024.\nThe Board continues to examine the most expedient ways to commence CoalSwitch® fuel production, using its proprietary technologies, and will provide an update to shareholders at the earliest opportunity.\nENDS\nEnquiries: \n\n\n\n\nActive Energy Group Plc\n\n\nMichael Rowan (Chief Executive Officer)\nMichelle Fagan (Chief Financial Officer)\n\n\n [email protected]\n\n\n\n\nAllenby Capital Limited\nNominated Adviser and Broker\n\n\nNick Naylor/James Reeve/Daniel Dearden-Williams (Corporate Finance)\nAmrit Nahal (Sales/Corporate Broking)\n\n\nOffice: +44 (0)20 3328 5656\n\n\n\n\nCamarco\nFinancial PR Adviser\n\n\nTom Huddart / Emily Hall / Lily Pettifar\n\n\[email protected]\nOffice: +44 (0)20 3757 4980\n\n\n\n\nScoville PR\nUS PR Adviser\n\n\nJohn Williams\n\n\[email protected]\n\n\n\n\n \n\n\n\n\nWebsite\n\n\nLinkedIn\n\n\n Twitter\n\n\n\n\nwww.aegplc.com\n\n\nwww.linkedin.com/in/active-energy-group-plc/ \n\n\n https://twitter.com/aegplc\n@aegplc\n\n\n\n\n \nAbout Active Energy Group\nHeadquartered in London with operations in the United States, Active Energy Group plc (AIM: 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.\nActive 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.\n \n\n","length":6296,"tagName":"div"}]