Active Energy announces delay in 2023 accounts

Biomass-based renewable energy company Active Energy announced a delay in finalising its annual accounts for the 2023 financial year on Friday.

The AIM-traded firm put the delay down to cash constraints, and the proposed members' voluntary liquidation, announced on 20 June.

As a result, the company said its financial statements for the year ended 31 December 2023, would not be completed by the 30 June deadline.

Trading in Active Energy's shares would thus be temporarily suspended on AIM from 0730 BST on 1 July, until the audited accounts were published.

The company said it would provide further updates as appropriate.

At 1133 BST, shares in Active Energy Group were up 11.67% at 0.07p.

Reporting by Josh White for Sharecast.com.