AFC Energy Plc Director/PDMR Shareholding (5986S)

TIDMAFC

RNS Number : 5986S

AFC Energy Plc

17 November 2021

17 November 2021

AFC Energy PLC

("AFC Energy" or the "Company")

Director / PDMR Shareholding

AFC Energy (AIM:AFC), the industrial fuel cell power company, has received notice that Gary Bullard, Non-Executive Chairman, purchased 20,000 ordinary shares of 0.1 pence each ("Ordinary Shares") today at a price of 59.87 pence per share in his wife's name.

Following this transaction Mr. Bullard has interests in 135,000 Ordinary Shares, representing 0.018% of the Company's issued share capital.

The Company has 734,484,668 Ordinary Shares in issue, none of which are held in treasury.

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                                  Gary Bullard 
     ------------------------------------  ----------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------- 
 a.   Position/status                       Non-Executive Chairman 
     ------------------------------------  ----------------------------- 
 b.   Initial notification/Amendment        Initial Notification 
     ------------------------------------  ----------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a.   Name                                  AFC Energy PLC 
     ------------------------------------  ----------------------------- 
 b.   LEI                                   213800SRJST19GNS9U35 
     ------------------------------------  ----------------------------- 
 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 of the Financial          Ordinary Shares of 0.1 pence 
       instrument, type of instrument        each 
       Identification code                   GB00B18S7B29 
     ------------------------------------  ----------------------------- 
 b.   Nature of the transaction             Purchase of shares 
     ------------------------------------  ----------------------------- 
 c.   Price(s) and volume(s)                 Price(s)       Volume(s) 
                                              59.87 pence    20,000 
                                                            ---------- 
     ------------------------------------  ----------------------------- 
 d.            Aggregated information 
                 *    Aggregated volume       N/A, Single transaction 
 
 
                 *    Price 
     ------------------------------------  ----------------------------- 
 e.   Date of the transaction               16 November 2021 
     ------------------------------------  ----------------------------- 
 f.   Place of the transaction              London Stock Exchange, AIM 
     ------------------------------------  ----------------------------- 
 

For further information, please contact:

 
 AFC Energy plc 
  Adam Bond (Chief Executive Officer)             [phone] 
                                                  [e-mail] 
 Peel Hunt LLP - Nominated Adviser and Joint 
  Broker 
  Richard Crichton / Tom Ballard 
  Alexander Allen                               [phone] 
                                               ----------------------------- 
 M C Peat & Co LLP - Joint Broker 
  Charlie Peat                                  [phone] 
                                               ----------------------------- 
 Zeus Capital Limited - Joint Broker 
  Daniel Harris (Corporate Finance) 
  Dominic King (Corporate Broking)              [phone] 
                                               ----------------------------- 
 FTI Consulting - Financial PR Advisors         [phone] 
  Sara Powell / Ben Brewerton                    [e-mail] 
                                               ----------------------------- 
 

About AFC Energy plc

AFC Energy plc is a leading provider of Hydrogen fuel cell power systems to generate clean energy in support of the global energy transition.

Based in the UK, the Company's scalable systems provide off-grid, zero emission power that are already being deployed for rapid electric vehicle charging and the replacement of diesel generators for temporary power applications.

AFC Energy is also working with global partners in the deployment of products for the Maritime, Ports, Data Centres and Rail industries, emphasising the central role of its technology in the decarbonisation of global industry.

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November 17, 2021 02:00 ET (07:00 GMT)