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AFC Afc Energy Plc

17.50
-1.08 (-5.81%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  -1.08 -5.81% 17.50 17.18 17.48 18.68 17.02 18.68 3,642,352 16:28:36
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Elec Indl Apparatus, Nec 582k -16.45M -0.0220 -7.95 130.6M

AFC Energy Plc Issue of Equity and PDMR Dealing (7073H)

19/08/2016 5:00pm

UK Regulatory


Afc Energy (LSE:AFC)
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TIDMAFC

RNS Number : 7073H

AFC Energy Plc

19 August 2016

19 August 2016

AFC Energy PLC

("AFC Energy" or the "Company")

Issue of Equity and PDMR Dealing

AFC Energy (AIM: AFC), the industrial fuel cell power company, announces that application has been made for the issue of 200,000 ordinary shares of 0.1 pence each ("Ordinary Shares") to a consultant to the Company at 25.75 pence per share in consideration for services provided to the Company.

Additionally, application has been made for a further 500,000 Ordinary Shares to be issued pursuant to an exercise of options under the AFC 2007 Share Option Scheme at an exercise price of 20.75 pence per share.

The 700,000 new Ordinary Shares will rank pari passu with the Company's existing ordinary share capital and application has been made to the London Stock Exchange for the Ordinary Shares to be admitted to trading which is expected to commence at 8.00 a.m. on 24 August 2016 ("Admission").

Following Admission, the total issued share capital of the Company consists of 310,013,943 Ordinary Shares, none of which are held in treasury. Accordingly, following Admission, the total number of voting rights in the Company will be 310,013,943. This figure may be used by shareholders as the denominator by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1.   Details of the person discharging 
       managerial responsibilities 
       / person closely associated 
---  ------------------------------------------------------------ 
 a)   Name                             Bailey Hoyle Limited 
                                        (a person closely 
                                        associated with 
                                        Colin Bailey) 
---  -------------------------------  --------------------------- 
 2.   Reason for the Notification 
---  ------------------------------------------------------------ 
 a)   Position/status                  Consultant to 
                                        AFC Energy PLC 
---  -------------------------------  --------------------------- 
 b)   Initial notification/Amendment   Initial 
---  -------------------------------  --------------------------- 
 3.   Details of the issuer, emission 
       allowance market participant, 
       auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------ 
 a)   Name                             AFC Energy PLC 
---  -------------------------------  --------------------------- 
 b)   LEI                              N/A 
---  -------------------------------  --------------------------- 
 4.   Details of the transaction(s): 
       section to be repeated for 
       (i) each type of instrument; 
       (ii) each type of transaction; 
       (iii) each date; and (iv) 
       each place where transactions 
       have been conducted 
---  ------------------------------------------------------------ 
 a)   Description                      Ordinary shares 
       of the Financial                 of 0.1p each 
       instrument, 
       type of instrument 
--- 
      Identification                   GB00B18S7B29 
       code 
---  -------------------------------  --------------------------- 
 b)   Nature of                        Issue of equity 
       the transaction                  as fees 
---  -------------------------------  --------------------------- 
 c)   Price(s)                          Price(s)       Volume(s) 
       and volume(s)                    -------------  ---------- 
                                         25.75 pence    200,000 
                                        -------------  ---------- 
---  -------------------------------  --------------------------- 
 d)   Aggregated                       N/A Single transaction 
       information: 
        *    Aggregated volume 
 
 
        *    Price 
---  -------------------------------  --------------------------- 
 e)   Date of the                      18(th) August 
       transaction                      2016 
---  -------------------------------  --------------------------- 
 f)   Place of                         London Stock Exchange, 
       the transaction                  AIM Market (XLON) 
---  -------------------------------  --------------------------- 
 

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 operated an alkaline fuel cell system ("KORE"), 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: www.afcenergy.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEBXGDIUSBBGLC

(END) Dow Jones Newswires

August 19, 2016 12:00 ET (16:00 GMT)

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