Business
Sale of Loan Notes & Issue of Equity
Sale of Loan Notes & Issue of Equity.
About this update from Active Energy Group Plc
[{"type":"text","content":"\n \nRNS Number : 0996N Active Energy Group PLC 23 July 2014 \n \n\n \nActive Energy Group Plc(\"Active Energy Group\" or the \"Group\" or the \"Company\" or \"AEG\")\nSale of Loan Notes & Issue of Equity\nActive Energy Group plc announces that it has entered into an agreement with Alpha Prospects plc (\"Alpha\") for the transfer of £255,000 principal amount of loan notes 2016 issued by Derlite Ltd., a former subsidiary of the Company, held by the Company and the associated issue to Alpha of 2,000,000 ordinary shares in the Company (the \"AEG Shares\"), in consideration for which the Alpha will issue to AEG 12,200,000 ordinary shares in Alpha (the \"Alpha Shares\").\nApplication will be made for the AEG shares to be admitted to trading on AIM, which is expected to occur on 29 July 2014. Following admission of the AEG Shares, the Company's enlarged issued share capital will comprise 621,475,570 Ordinary Shares with voting rights. The Company holds 62,500,000 Ordinary Shares in Treasury and the figure of 558,975,570 Ordinary Shares 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- ends -\nEnquiries:\nActive Energy Group plcColin Hill, Non-Executive Chairman Tel: +44 203 021 1500\nWH Ireland (Nominated Adviser and Broker) \nChris Fielding / Nick Field &nbs...