Active Energy Group Update
Active Energy commences trading on the OTCQB Market in United States
Alpha Prospects Ltd, the investment management company focussed on companies with fast growth prospects, is pleased to inform shareholders of an update issued today by its investee company Active Energy Group Plc (‘Active Energy’, ‘AEG’, ‘the Company’).
“Active Energy, the London quoted international biomass based renewable energy business, is pleased to announce that trading in the Company’s ordinary shares (“Ordinary Shares”) will begin today on the OTCQB Venture Market (“OTCQB”), in the United States, under the ticker symbol “ATGVF”.
Trading on the OTCQB will have no direct impact on the trading of Active Energy’s existing Ordinary Shares on AIM and no new Ordinary Shares will be issued as part of the cross-trade. The Company will continue to rely on the announcements and disclosures it makes to the London Stock Exchange and will have no Sarbanes-Oxley or SEC reporting requirements.
The Company believes that having its Ordinary Shares traded on the OTCQB will provide enhanced investor benefits, including easier trading access for investors located in the US, and greater liquidity due to a broader geographic pool of potential investors.
Michael Rowan, Chief Executive of Active Energy, said: “Joining OTCQB is strategically important for AEG. We are a business with solely US operations, an increasing profile amongst US customers and an ambition to commence production, alongside joint venture partners, on the East and West coast. We are therefore pleased to be able to offer prospective US shareholders the opportunity to invest in AEG’s exciting growth trajectory alongside our current UK investors.”
Jonathan Dickson, Vice President of Corporate affairs, OTC said: ” We are delighted to welcome Active Energy Group PLC to the OTCQB Venture Market in the United States. With AEG’s primary listing remaining on London’s AIM the OTCQB Market’s cross trading facility will allow Active Energy Group to broaden its horizons and provide investors in the United States with the ability to access the Company’s Ordinary Shares in U.S. dollars and during U.S. market hours.”
The information contained within this announcement is deemed by the Company to constitute inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310.”