Active Energy Group secures £1.3M UAE funding facility

The Active Energy Group plc, a company listed on AIM and traded on OTCQB under the ticker AEUSF, has secured a £1.3 million funding facility in the United Arab Emirates, as announced in a press release on Wednesday. The facility, denominated in AED 6.5 million and carrying a fixed interest rate of 5% per annum, is unsecured and repaid in 10 monthly installments commencing two months after drawdown. An arrangement fee of 5% is also part of the agreement.

In connection with this funding, the company will issue warrants to subscribe for approximately 11.1% of its existing shares. These warrants, divisible into two tranches, will enable holders to purchase 758,333,333 ordinary shares at two different exercise prices - 0.15 pence and 0.20 pence per share - representing premiums of around 88% and 150% respectively to the share price on September 29, 2026. The warrants are exercisable for three years from the issuance date and cannot be traded on AIM.

The primary purpose of this facility is to fund potential acquisitions and development of UAE infrastructure sites currently under evaluation. AEG has indicated its focus on larger opportunities capable of boosting power capacity and supporting institutional-scale deployments, as discussed with potential partners such as Bitdeer, who favors projects of approximately 20 MW and above. The company is currently assessing a possible 60 MW UAE site.

However, there is no assurance that additional sites will be acquired or developed or that any binding agreements will be reached with Bitdeer or other potential partners. A letter of intent with Bitdeer, announced on April 24, 2026, remains non-binding. This report is AI-generated and reviewed by an editor. For further details, consult the source material.