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Active Energy Group Plc: Appointment of Non-Executive Director

by pmnationtalk on March 16, 201899 Views

March 16, 2018

Active Energy, the London quoted international biomass based renewable energy and forestry management business, is pleased to announce the appointment of Mr Simon Melling as Non-Executive Director of the Company with immediate effect. Mr Melling, who will serve on the Company’s Audit and Remuneration Committees, is a highly experienced corporate and commercial specialist with extensive experience in the growth company arena, both as a CEO of an AIM listed company and as a corporate finance adviser to growth companies. His appointment complements the Company’s strategy to promote its unique CoalSwitch™ product and forestry management business to international utility companies, government agencies and power plant operators and the wider investment community.

Simon Charles Melling (aged 57) is a Chartered Accountant (FCA) with over 30 years’ experience of working in senior roles within the finance sector, the last 24 of these at board level. During his career to date he has held the role of CEO of AIM listed stockbroker Cenkos Securities Limited (‘Cenkos’), previously serving as its Chief Operating Officer and Finance Director following its listing on AIM in 2006. During his time at Cenkos, Mr Melling was directly responsible for the running of the finance, risk control, IT and operations departments, senior roles which he has also performed within a number of other organisations. He has had significant involvement with devising and implementing the corporate strategy of the organisations that he has worked for. In recent years, Mr Melling has served as a Non-Executive Director on the boards of a number of companies outside the finance sector, including property investment, waste management and consumer finance companies.

Active Energy Executive Chairman, Michael Rowan, said, “I am delighted to welcome Simon to the board of AEG and we look forward to working with him as the Company continues to promote its CoalSwitch™ product in global markets. Simon’s extensive commercial and capital markets experience will be invaluable to AEG as we continue to build the profile of the Company and promote our unique products and investment proposition to the investment community. Simon will also provide considerable support to the wider management team as we implement AEG’s strategy of revolutionising the biomass and international forestry management sectors through the roll out of our CoalSwitch™ plants and Timberlands business.”

The information required by Schedule 2 Paragraph (g) of the AIM Rules for Companies in relation to the appointment of Simon Melling is as follows:

Current Directorships Former Directorships within the past 5 years
A Vartan Limited Ravenscroft Limited
Vermeer Holdings LLP Ravenscroft Investment Management Limited
Ravenscroft Services Limited
Huntress (CI) Nominees Limited
ASG Group Limited
ASG Leasing Limited
ASG (Flight Support) Limited
Fly ASG Limited
West Grass Hangarage Limited
Westgrass Hangarage (No.2) Limited
Westgrass Hangarage (No 3) Limited
Aircraft Servicing (Guernsey) Limited
LTS Tax Limited
The Octane PCC Limited
Octane Property Limited
Guernsey Recycling (1996) Limited
Mitonoptimal International Limited
Acorn Group Holdings Limited
Jacksons (CI) Limited
El Sol (Channel Islands) Limited
Fondon Holdings Limited
Jacksons Vehicle Finance Ltd
Lamda Limited
MM Car & Van Leasing Limited
MM Fuels Limited
SHG (1) Limited
Sport Holdings Limited
Trinity Tyres (2004) Limited

Save as disclosed above, there are no further disclosures required to be made in respect of the appointment of Simon Melling under Schedule 2(g) or Rule 17 of the AIM Rules for Companies.

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



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