Business
Conversion of Convertible Loan Notes
Conversion of Convertible Loan Notes.
About this update from Active Energy Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4675L\n Active Energy Group PLC\n 13 January 2021\n \n \n \n \n Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy\n \n \n 13 January 2021\n \n \n \n \n \n Active Energy Group Plc\n \n \n ('Active Energy', 'AEG', or the 'Company')\n \n \n Conversion of Convertible Loan Notes \n \n \n \n \n \n Active Energy, the London quoted international biomass based renewable energy and forestry management business, announces that holders of convertible loan notes issued by the Company (the \"CLNs\") have elected to convert CLNs with a nominal value of £650,545 into new ordinary shares of 0.01p each in the capital of the Company (the \"Ordinary Shares\") pursuant to the terms of the CLNs. Accordingly, 65,054,500 new Ordinary shares will be issued to the CLN holder in accordance with the terms of the CLNs at a conversion price of 1p (the \"Conversion Shares\").\n \n \n Application will be made for the Conversion Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM (\"Admission\") no later than 30 days after the date of the conversion notice (as provided for in the terms of the CLNs).\n \n \n \n \n \n Following Admission, the Company's enlarged issued share capital will comprise 1,606,232,543 Ordinary Shares with voting rights. This figure may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.\n \n \n \n \n \n This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.\n \n \n ENDS\n \n \n \n \n \n \n \n \n Enquiries\n \n \n \n \n \n \n Active Energy Group Plc\n \n \n \n \n Michael Rowan\n \n \n Chief Executive Officer\n \n \n Andrew Diamond\n \n \n Chief Financial Officer\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n SP Angel Corporate Finance LLP\n \n \n Nominated Adviser and Broker\n \n \n \n \n \n \n \n David Hignell / Caroline Rowe\n \n \n \n \n Office: +44 (0)20 3470 0470\n \n \n \n \n \n \n Allenby Capital Limited\n \n \n Joint Broker\n \n \n \n \n Nick Naylor/James Reeve/Asha Chotai ...