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Active Energy Group - Appointment of Finance Director

RNS Number : 0897G
Active Energy Group PLC
23 November 2020
 

Active Energy Group Plc / EPIC: AEG / Sector: Alternative Energy

23 November 2020

Active Energy Group Plc

('Active Energy', 'AEG', or the 'Company')

Appointment of Finance Director

 

Active Energy, the London quoted international biomass based renewable energy and forestry management business, is pleased to announce the appointment of Mr Andrew Diamond as Finance Director with effect from 1st January 2021.

Andrew has over 20 years of relevant experience, particularly working for London listed companies, as demonstrated by his previous role as Finance Director at Victoria Oil & Gas Plc, an AIM listed gas production and utility business. Throughout the four years Andrew held this role, he was involved in two substantial equity raises, a successful M&A transaction and multiple capital and debt restructuring exercises.

Prior to this, Andrew worked for a number of companies in the resources sector, performing financial and reporting based roles. Andrew also has relevant experience working in the US, which will benefit AEG's operations at Lumberton.

Andrew has been appointed as a Board Director of AEG with effect from 1st January 2021.

Michael Rowan, CEO of Active Energy Group, comments:

"I am delighted to welcome Andrew to Active Energy. The Board believes he will be an important member of the team as we progress with the expansion of the existing operations and the construction of the first CoalSwitch™ plant at Lumberton. Andrew has relevant experience and importantly his background as a Plc director will significantly strengthen our Board. His expertise will be invaluable as we build AEG into a financially robust business with a significant growth trajectory."

Andrew Diamond, said:

"I am greatly looking forward to the opportunity at AEG. The Company is at an inflection point and is mapping a path towards commercial success. A renewed focus on environmental matters in the US sees the Lumberton operations well placed for expansion and I look forward to bringing my Plc experience to AEG."

 

Full Name: Andrew Lee Diamond

Age: 45

Current directorships / partnerships

Directorships / partnerships within the last five years


Victoria Oil & Gas plc


Victoria Petroleum Ltd


Victoria Oil & Gas Central Asia Ltd


Victoria Energy Central Asia UK Ltd


Victoria Energy Central Asia Ltd


Bramlin Ltd


 Gaz du Cameroun Investments Ltd


Gaz du Cameroun S.A.


Victoria Oil & Gas International Ltd


Gaz du Cameroun Matanda S.A.


ZAO SeverGas-Invest


A&D Diamond Limited



Andrew Diamond does not hold any shares or options in the Company.

There is no further information to be disclosed in relation to Andrew Diamond's appointment pursuant to AIM Rule 17, paragraph (g) of Schedule Two of the AIM Rules for Companies.

 This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

ENDS

Website

LinkedIn

 

www.aegplc.com

www.linkedin.com/company/activeenergy

 

 

 

Enquiries

Active Energy Group Plc

Michael Rowan

Chief Executive Officer

Antonio Esposito

Chief Operations Officer

 

 

SP Angel Corporate Finance LLP

Nominated Adviser and Broker

 

David Hignell / Caroline Rowe

Office: +44 (0)20 3470 0470

Allenby Capital Limited

Joint Broker

Amrit Nahal / Nick Naylor

Office: +44 (0)20 3328 5656

Camarco

Financial PR Adviser

Gordon Poole / Tom Huddart / Emily Hall

[email protected]

Office: +44 (0) 20 3757 4980

 

About Active Energy Group:

Active Energy Group plc is a London listed (AIM: AEG) renewable energy company that has developed a proprietary technology which transforms low-cost biomass material into high-value green fuels.  Its patented product CoalSwitch™ is the world's only drop-in biomass fuel that can be mixed at any ratio with coal or completely replace coal in existing coal-fired power stations without requiring plant modification. Active Energy Group's immediate strategic focus is the production and commercialisation of CoalSwitch™ and a low emission CoalSwitch™ blend that utilises other waste materials.

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