Business
Completion of Lumberton Acquisition
Completion of Lumberton Acquisition.
About this update from Active Energy Group Plc
[{"type":"text","content":"\n \nRNS Number : 0897U Active Energy Group PLC 27 March 2019 \n\nActive Energy Group Plc / EPIC: AEG / Sector: Alternative Energy\n27 March 2019\nActive Energy Group Plc ('Active Energy', 'AEG'or the 'Company')\nCompletion of Lumberton Site Acquisition\n \nActive Energy, the London quoted renewable energy and forestry management business focussed on biomass, is pleased to announce that further to the Company's announcement of 4 March 2019, the outstanding condition relating to the acquisition of the industrial site in Lumberton, North Carolina (the \"Acquisition\") has now been satisfied. As such, following the satisfactory review and acceptance of all inspections and titles, as well as appropriate re-zoning for its recognised industrial uses, the Acquisition has completed. \n \nThe Lumberton site will become the new base for all AEG's CoalSwitch™ operations in the US and house the first permanent production facility for CoalSwitch™. \n \nThe Company's Directors look forward to providing further updates regarding the development of the Lumberton site and the installation of the initial CoalSwitch™ plant as appropriate.\n \nThis announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.\n \n**ENDS**\n \nEnquiries& Further Information:\n \n\n\n\nWebsite\n\n\nLinkedIn\n\n\n \n\n\n\n\nwww.aegplc.com\n\n\nwww.linkedin.com/company/activeenergy\n \n\n\n \n\n\n\n \n\n\n\nEnquiries\n\n\n\n\nActive Energy Group Plc\n\n\nMichael Rowan\nChief Executive Officer (Active Energy)\nAntonio Esposito\nChief Operations Officer (Active Energy)\n\n\n \n\n\n\n\nSP Angel Corporate Finance LLP\nNominated Adviser and Joint Broker\n \n\n\nDavid Hignell / Lindsay Mair / Jamie Spotswood\n\n\nOffice: +44 (0)20 3470 0470\n\n\n\n\nOptiva Securities Ltd Joint Broker\n\n\nJeremy King\n\n\nOffice: +44 (0)20 3137 1902\n\n\n\n\nSt Brides Partners\nFinancial PR Adviser\n\n\nMelissa Hancock / Gaby Jenner\n\n\[email protected]\nOffice: +44 (0) 20 7236 1177\n\n\n\n \nAbout Active Energy Group:\nActive Energy Group plc is a London listed (AIM: AEG) renewable energy company that has developed a proprietary technology which transforms low-cost biomass material into high-value green fuels. Its patented product CoalSwitch...