Business
Conversion of existing Convertible Loan Notes
Conversion of existing Convertible Loan Notes.
About this update from Active Energy Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1363B\n Active Energy Group PLC\n 05 October 2020\n \n \n \n Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy\n 5 October 2020\n Active Energy Group Plc\n ('Active Energy', 'AEG', or the 'Company')\n \n Conversion of existing Convertible Loan Notes \n \n \n Active Energy, the London quoted international biomass based renewable energy and forestry management business, announces that a holder of convertible loan notes issued by the Company (the \"CLNs\") has elected to convert CLNs with a nominal value of £19,752 into new ordinary shares of 0.01p each in the capital of the Company (\"Ordinary Shares\") pursuant to the terms of the CLNs. Accordingly, 1,975,200 new Ordinary Shares have been issued to the CLN holder in accordance with the terms of the CLNs at a conversion price of 1p (the \"Conversion Shares\").\n Total Voting Rights\n Application has been made for the Conversion Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM (\"Admission\"). It is expected that Admission will become effective and dealings will commence at 8:00am on or around 8 October 2020.\n \n Following Admission, the Company's enlarged issued share capital will comprise 1,541,178,043 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 This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.\n \n ENDS\n \n \n \n \n Website\n \n \n LinkedIn\n \n \n \n \n \n \n \n \n www.aegplc.com\n \n \n \n www.linkedin.com/company/activeenergy\n \n \n \n \n \n \n \n \n \n \n \n \n \n Enquiries\n \n \n \n \n Active Energy Group Plc\n \n \n Michael Rowan\n Chief Executive Officer\n Antonio Esposito\n Chief Operations Officer\n \n \n \n \n \n \n \n \n SP Angel Corporate Finance LLP\n Nominated Adviser and Broker\n \n \n \n \n David Hignell / Caroline Rowe\n \n \n \n Office: +44 (0)20 3470 0470\n \n \n \n \n Allenby Capital Limited\n Joint Broker\n ...