AFC Energy Plc Director/PDMR Shareholding

RNS Number : 2594W

AFC Energy Plc

07 February 2025

 

 

 

7 February 2025

 

 

AFC Energy PLC

("AFC Energy" or the "Company")

 

 

Director/PDMR Shareholding

 

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, confirms that on 6 February 2025:

 

·      John Wilson, Chief Executive Officer of the Company, purchased 250,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of 9.09 pence per share; and

·      Sophie Wilson, the spouse of John Wilson, Chief Executive Officer, purchased 275,000 Ordinary Shares at a price of 9.13 pence per share.

·      Karl Bostock, Chief Financial Officer of the Company, purchased 250,000 Ordinary Shares at a price of 9.11 pence per share.

 

Following such transactions, John Wilson is now interested in 525,000 Ordinary Shares in the capital of the Company, representing 0.06% of the Company's issued share capital and Karl Bostock is now interested in 250,000 Ordinary Shares in the capital of the Company, representing 0.03% of the Company's issued share capital.

 

Further to the Company's announcement dated 3 February 2025, John Wilson has 9,389,671 Ordinary Share options in the Company, representing 1.10% of the Company's issued share capital and Karl Bostock has 5,405,405 Ordinary Share options in the Company, representing 0.63% of the Company's issued share capital.

 

The following notification, made pursuant to Article 19(3) of the Market Abuse Regulation, provides further details.

 

 

1	Details of the person discharging managerial responsibilities / person closely associate
a)	Name	John Wilson
2	Reason for the notification
a)	Position/status	Chief Executive Officer
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 instrument, type of instrument	Ordinary Shares of 0.1 pence each in the Company
	Identification code	ISIN: GB00B18S7B29
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price per share Volume 9.09 pence   250,000
d)	Aggregated Information   Volume   Price	Volume: 250,000 ordinary shares   Price: as set out above
e)	Date of transaction	6 February 2025
f)	Place of transaction	London Stock Exchange, AIM

 

 

1	Details of the person discharging managerial responsibilities / person closely associate
a)	Name	Sophie Wilson
2	Reason for the notification
a)	Position/status	Person Closely Associated with the Company's Chief Executive Officer
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 instrument, type of instrument	Ordinary Shares of 0.1 pence each in the Company
	Identification code	ISIN: GB00B18S7B29
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price per share Volume 9.13 pence   275,000
d)	Aggregated Information   Volume   Price	Volume: 275,000 ordinary shares   Price: as set out above
e)	Date of transaction	6 February 2025
f)	Place of transaction	London Stock Exchange, AIM

 

 

1	Details of the person discharging managerial responsibilities / person closely associate
a)	Name	Karl Bostock
2	Reason for the notification
a)	Position/status	Chief Financial Officer
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 instrument, type of instrument	Ordinary Shares of 0.1 pence each in the Company
	Identification code	ISIN: GB00B18S7B29
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price per share Volume 9.11 pence   250,000
d)	Aggregated Information   Volume   Price	Volume: 250,000 ordinary shares   Price: as set out above
e)	Date of transaction	6 February 2025
f)	Place of transaction	London Stock Exchange, AIM

 

For further information, please contact:

 

AFC Energy plc John Wilson (Chief Executive Officer)	[phone] [e-mail]
Peel Hunt LLP - Nominated Adviser and Joint Broker Richard Crichton / Georgia Langoulant / Emily Bhasin	[phone]
Zeus - Joint Broker David Foreman / James Hornigold (Investment Banking) Dominic King (Corporate Broking) / Rupert Woolfenden (Sales)	[phone]
RBC Capital Markets - Joint Broker Matthew Coakes / Teri Su Eduardo Famini / Jack Wood   FTI Consulting - Financial PR Advisors Ben Brewerton / Chris Laing / Evie Taylor	[phone]       [phone] [e-mail]

About AFC Energy

 

AFC Energy plc is a leading provider of hydrogen energy solutions, to provide clean electricity for on and off grid power applications. The Company's fuel cell technology is now deployable as electric vehicle chargers, off-grid decentralised power systems for construction and temporary power with emerging opportunities across maritime, data centres and rail as part of a portfolio approach to the decarbonisation of society's growing electrification needs.

 

The Company's proprietary ammonia cracking technology further highlights emerging opportunities across the distributed hydrogen production market with a focus on hydrogen's role in supporting industries facing challenges in decarbonisation, such as mining, cement and heavy engineering.

 

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