Business
Issue of Equity and Issue of Options
Issue of Equity and Issue of Options.
About this update from Active Energy Group Plc
[{"type":"text","content":"\n \nRNS Number : 0580J Active Energy Group PLC 10 July 2013 \n \n\n \n 10 July 2013\n \nActive Energy Group plc\n(\"Active\", \"AEG\"' or 'the Company')\n \nIssue of Equity, Directors' Shareholding and Issue of Options\n \nActive Energy, the pan-European supplier of high quality woodchip and associated timber products for green energy Biomass power generation and MDF manufacturing, announces that it has conditionally raised £472,000, through a subscription (the \"Subscription\") of 39,760,000 Ordinary Shares in the capital of the Company (\"Subscription Shares\") and 12,586,666 warrants to subscribe for Ordinary Shares at 1.25p per Ordinary Share by Gravendonck Private Foundation and Colin Hill, a director of the Company.\n \nIn addition, as set out in the shareholders circular dated 4 June 2013, Colin Hill and Richard Spinks, both directors of the Company, have agreed to capitalise certain fees owed to them amounting to £85,000 at the same price, resulting in them receiving an aggregate of 6,800,000 Ordinary Shares and 2,266,666 warrants.\n \nAs a result of the creation of the Company's newly established Joint Share Ownership Plan (\"JSOP\"), described in further detail below, and the subsequent initial award made under the JSOP, Colin Hill, Non-Executive Chairman, has a potential beneficial interest in 15,000,000 ordinary shares in the Company.\n \nThe ordinary shares issued to the directors, together with the resultant holdings in the enlarged issued share capital, are as follows:\n \n\n\n\n\n\n\n\n \nNo. of ordinary shares acquired and received\n\n\n \n \n \nPrice paid \n(p)\n\n\n \n \n \nResultant shareholding\n\n\nPercentage holding of the enlarged issued share capital\n\n\nNo. of warrants received\n\n\n\n\nColin Hill, Non- Executive Chairman \n\n\n \n4,960,000\n\n\n \n1.25\n\n\n \n \n\n\n \n \n\n\n \n \n\n\n\n\n \n \n\n\n15,000,000*\n\n\n1.50\n\n\n\n\n\n\n\n\n\n\n\n\n\nTotal\n\n\n19,960,000\n\n\n\n\n\n19,960,000\n\n\n3.20\n\n\n1,653,333\n\n\n\n\nRichard Spinks, Chief Executive Officer\n\n\n \n5,200,000\n\n\n1.25\n\n\n \n8,450,000\n\n\n \n1.37\n\n\n1,733,333\n\n\n\n\n  ...