AFC Energy Plc Director / PDMR Shareholding (4205X)

TIDMAFC

RNS Number : 4205X

AFC Energy Plc

26 August 2022

26 August 2022

RNS

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, Chairman, purchased 65,000 ordinary shares of 0.1 pence each ("Ordinary Shares"), 25,000 in his own name and 40,000 in his wife's name, today at an average price of 29.8 pence per share.

Following this transaction Mr. Bullard has interests in 225,000 Ordinary Shares, representing 0.03% of the Company's issued share capital.

The Company has 735,237,837 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) 
                                              29.9 pence    25,000 
                                                           ---------- 
                                              29.7 pence    40,000 
                                                           ---------- 
     ------------------------------------  ----------------------------- 
 d.            Aggregated information 
                 *    Aggregated volume      65,000 
                                              29.8 pence 
 
                 *    Price 
     ------------------------------------  ----------------------------- 
 e.   Date of the transaction               26 August 2022 
     ------------------------------------  ----------------------------- 
 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/ James Hornigold (Investment 
  Banking) 
  Dominic King (Corporate Broking) / Rupert 
  Woolfenden (Sales)                            [phone] 
                                               ----------------------------- 
 FTI Consulting - Financial PR Advisors         [phone] 
  Ben Brewerton / Nick Hennis / Dhruv Soni       [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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August 26, 2022 08:38 ET (12:38 GMT)