Business
CEO Interview
CEO Interview.
About this update from Active Energy Group Plc
[{"type":"text","content":"\n \nRNS Number : 1554Q Active Energy Group PLC 10 October 2013 \n \n\n \n \n \n \n \nActive Energy Group plc\n(\"Active Energy\", \"AEG\", the \"Group\" or the \"Company\")\n \nCEO Interview\n \n \nActive Energy Group plc (\"AEG\"), the pan-European supplier of high quality woodchip and associated timber products for green energy Biomass power generation and MDF manufacturing, announces that CEO Richard Spinks has given a recorded media interview with BRR's Julian Smith following the announcement of the trading update yesterday morning. The interview provides an overview of the Company's progress and the markets in which it operates. The interview is available to listen to, via the Company's website, at http://www.active-energy.com/media-coverage-archive/2013.\n \n \nThe trading statement released yesterday is repeated below.\n \nFor further information please contact:\n \n\n\n\n\nActive Energy Group Plc\nRichard Spinks, Chief Executive Officer\n\n\n \nTel: +380 675 802 852 \n\n\n\n\n\n\n\n\n\n\n\n\nSanlam Securities UK (Nominated Adviser and Broker)\n\n\n\n\n\n\n\nSimon Clements / Richard Goldsmith \n\n\nTel: +44 20 7628 2200\n\n\n\n\n\n\n\n\n\n\n\n\nNovella Communications\n\n\n\n\n\n\n\nTim Robertson / Ben Heath\n\n\nTel: +44 20 3151 7008\n\n\n\n\n \n \n9 October 2013\nTrading Update\n \nThe Company is pleased to announce that in the three months ended 30 September 2013 it shipped ~50,000 Metric Tonnes (\"MT\") of wood chip compared to~57,000 MT shipped in the six months ended 30 June 2013 of which ~38,000 MT was subject to profit share arrangements with Nikofeso Holdings Limited (\"Nikofeso\"). The Acquisition of the whole of the issued share capital of Nikofeso was completed on 27 June 2013.\n \nPrior to completion of the Acquisition the Company's fiscal entitlement was governed by a financing agreement between AEG and Nikofeso whereby AEG received a profit share per MT shipped. For this reason, the revenues reported in the Company's recently published Interim Financial Statements are not comparable to those attributable to the Company now acting as a trading principal.\n \nThe Q3-2013 shipments have generated gross revenues of ~US$5.3 million for the account of the now enlarged Group.\n \nThe Shareholder Circular publ...