Active Energy Group PLC (AEG), the UK-listed energy company, has disclosed a major holdings notification revealing that Spreadex Ltd reduced its combined interest in the company to 11.6069% as of 6 November 2026. The notification, filed with the market on 9 November 2026, confirms the threshold crossing involved both direct voting rights attached to shares and exposure through cash-settled CFD and swap instruments. The disclosure is a regulatory requirement under DTR5 rules and signals a meaningful shift in the composition of Spreadex's position in AEG.

Key Points

  • Active Energy Group PLC (AEG), ISIN GB00BPG7NS80, UK-listed issuer
  • Spreadex Ltd's combined holding fell from 12.0054% to 11.6069% following a threshold crossing on 6 November 2026
  • Direct voting rights stand at 6.9399% (472,000,000 shares); CFD/swap exposure accounts for 4.667% (317,417,115 voting rights)
  • Investors should watch whether further threshold movements are reported as Spreadex's position continues to shift

Spreadex's AEG Position Falls to 11.61% as Direct Shareholding and CFD Exposure Both Decline

According to the TR-1 notification, Spreadex Ltd held a total of 789,417,115 voting rights in Active Energy Group as at 6 November 2026, equating to a combined interest of 11.6069%. This compares with a previously notified position of 12.0054%. The reduction reflects a decline in both the direct voting rights component, which moved from 7.381% to 6.9399%, and the financial instruments component, which edged down from 4.6244% to 4.667% — the latter held entirely through cash-settled CFD and swap instruments rather than physical share ownership.

CFD and Swap Instruments Account for More Than a Third of Spreadex's Total AEG Exposure

Of Spreadex's total 789,417,115 voting rights in Active Energy Group, 317,417,115 — representing 4.667% — are held via cash-settled CFDs and swaps, classified under DTR5.3.1R(1)(b). These instruments carry similar economic effect to shareholding but do not confer direct voting rights in the conventional sense. Spreadex is described in the announcement as an FCA-regulated provider of spread betting and CFD trading, founded in 1999 and offering access to more than 10,000 global markets, including UK small-cap stocks. The company is registered in St. Albans, United Kingdom, and states it is not controlled by any natural person or legal entity.

Active Energy Group Notified of Threshold Crossing Three Days After the Event

The date on which the relevant threshold was crossed or reached is recorded as 6 November 2026, with Active Energy Group notified on 9 November 2026 — a gap of three calendar days. The notification was completed in the United Kingdom, with contact details provided in the name of Danielle Dunne at Spreadex. Active Energy Group itself has not issued any operational or strategic commentary alongside this regulatory disclosure, and no financial results, trading updates, or guidance figures form part of this announcement.

Regulatory Obligation Drives Disclosure as Investors Monitor Spreadex's Evolving AEG Interest

The notification arises from a regulatory obligation under UK Disclosure and Transparency Rules following an acquisition or disposal of voting rights and financial instruments. Investors may be watching whether Spreadex's position in Active Energy Group continues to move across notifiable thresholds in coming weeks. The declining combined interest from 12.0054% to 11.6069% suggests a gradual reduction rather than an outright disposal, though the announcement provides no information on Spreadex's strategic intentions regarding AEG.