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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Afc Energy Plc | LSE:AFC | London | Ordinary Share | GB00B18S7B29 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.06 | -0.33% | 18.12 | 18.12 | 18.46 | 18.74 | 17.70 | 18.18 | 394,601 | 11:40:57 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Elec Indl Apparatus, Nec | 582k | -16.45M | -0.0220 | -8.24 | 135.22M |
From Apr 2019 to Apr 2024
TIDMAFC TIDMSDR
RNS Number : 2134Z
AFC Energy Plc
13 March 2017
13 March 2017
AFC Energy PLC
("AFC Energy" or the "Company")
Notification of Major Interest in Shares - Schroders
AFC Energy (AIM: AFC), the industrial fuel cell power company, is pleased to confirm receipt of a "TR-1 - Notification of Major Interest in Shares" from Schroders Investment Management Ltd ("Schroders") notifying the Company of Schroder's new 8.441% interest in AFC Energy. Schroders were the largest single investor in the Company's recent GBP6m placement with a GBP3.3m investment in AFC Energy.
Adam Bond, AFC Energy's Chief Executive Officer, said: "We are delighted to welcome onto AFC Energy's shareholder register one of the UK's largest and most well regarded and respected institutional investors. This investment signifies confidence in the business and its strategy, further demonstrating the material technical and commercial progress AFC Energy is making, together with the pipeline of projects we continue to progress and hope to consolidate throughout the course of 2017."
For further information, please contact:
AFC Energy plc Adam Bond (Chief Executive Officer) +44 (0) 20 3697 1209 Cantor Fitzgerald Europe - Nominated Adviser and Joint Broker Andrew Craig Richard Salmond +44 (0) 20 7894 7000 M C Peat & Co LLP - Joint Broker Charlie Peat +44 (0) 20 7104 2334 Lionsgate Communications - Public Relations Jonathan Charles +44 (0) 20 3697 1209
About AFC Energy
AFC Energy plc has developed and successfully demonstrated an alkaline fuel cell system, which converts hydrogen into "clean" electricity. AFC Energy's key project POWER-UP demonstrated the world's largest operational alkaline fuel cell system at Air Products' industrial gas plant in Stade, Germany in January 2016. The Company is now looking to build upon an already established pipeline of commercial opportunities and drive the findings from the development phase of the technology into a technically optimised and commercially relevant fuel cell system. For further information, please visit our website: ww.afcenergy.com
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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or AFC Energy plc
the underlying issuer
of existing shares to which
voting rights are
attached: (ii)
-------------------------------------------------------- -----------------------------------------------
2 Reason for the notification (please tick the appropriate
box or boxes):
---------------------------------------------------------------------------------------------------------
An acquisition or disposal of voting rights ü
------------------------------------------------------------------------------------------------ -------
An acquisition or disposal of qualifying financial
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached
------------------------------------------------------------------------------------------------ -------
An acquisition or disposal of instruments with
similar economic effect to qualifying financial
instruments
------------------------------------------------------------------------------------------------ -------
An event changing the breakdown of voting rights
------------------------------------------------------------------------------------------------ -------
Other (please Type 1 disclosure as per Transparency ü
specify): Directive II Regulation
---------------------------------------------------- ------------------------------------------ -------
3. Full name of person(s) Schroders plc & Schroder Investment
subject to the Management Limited
notification obligation:
(iii)
------------------------------------------------------ -------------------------------------------------
4. Full name of shareholder(s)
(if different from 3.):(iv)
------------------------------------------------------ -------------------------------------------------
5. Date of the transaction 09.03.17
and date on
which the threshold is
crossed or
reached: (v)
------------------------------------------------------ -------------------------------------------------
6. Date on which issuer 10.03.17
notified:
------------------------------------------------------ -------------------------------------------------
7. Threshold(s) that is/are Above 5%
crossed or
reached: (vi, vii)
------------------------------------------------------ -------------------------------------------------
8. Notified details:
----------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
----------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction
if possible
using
the ISIN
CODE
-------------- ---------------------------------- ------------------------------------------------------------------
Number Number Number Number of % of voting
of of of shares voting rights (x)
Shares Voting rights
Rights
-------------- ---------------- ---------------- -------------- ----------------------- -------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
-------------- ------------ ------------ -------------- --------- ------------ ------------ -----------
Ordinary
Below Below
GB00B18S7B29 5% 5% 33,000,000 N/A 33,000,000 N/A 8.441%
---------------- ---------------- -------------- --------- ------------ ------------ -----------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion rights that rights
(xiii) Period (xiv) may be
acquired if
the
instrument
is
exercised/
converted.
------------------ -------------- -------------------------------- ------------------------- ---------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments (xv, xvi)
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
---------------- -------------- -------------- -------------- --------------------------- -----------------------
Nominal Delta
---------------- -------------- -------------- -------------- --------------------------- ------------ ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
---------------------------------------------------------------- ----------------------------------------------------
33,000,000 8.441%
---------------------------------------------------------------- ----------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
-------------------------------------------------------------------------------------------------
Schroder Investment Management Limited 33,000,000 8.441%
Proxy Voting:
-------------------------------------------------------------------------------------------------
10. Name of the proxy holder:
------------------------------------------------------------- ----------------------------------
11. Number of voting rights proxy
holder will cease
to hold:
------------------------------------------------------------- ----------------------------------
12. Date on which proxy holder will
cease to hold
voting rights:
------------------------------------------------------------- ----------------------------------
The shares referred to in
13. Additional information: section 9 are held in portfolios
managed by those firms on
a discretionary basis for
clients under investment
management agreements. This
disclosure has been calculated
based on issue share capital
amount 390,948,205.
------------------------------------------------------------- ----------------------------------
14. Contact name: Chloe Talbot
------------------------------------------------------------- ----------------------------------
15. Contact telephone number: 020 7658 6000
------------------------------------------------------------- ----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLBLLLFDXFBBBD
(END) Dow Jones Newswires
March 13, 2017 03:01 ET (07:01 GMT)
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