AFC Energy Plc Issue of Equity (5187V)

TIDMAFC

RNS Number : 5187V

AFC Energy Plc

18 April 2016

18 April 2016

AFC Energy PLC

("AFC Energy" or the "Company")

Issue of Equity

AFC Energy (AIM: AFC), the industrial fuel cell power company, announces that application has been made for the issue of 190,000 ordinary shares of 0.1 pence each ("Ordinary Shares") to be admitted to trading on AIM pursuant to pre-existing consultancy agreements entered into by the Company.

The 190,000 new Ordinary Shares will rank pari passu with the Company's existing ordinary share capital and admission to trading on AIM is expected to take place on 22 March 2016 ("Admission").

Following Admission, the total issued share capital of the Company consists of 308,343,943 Ordinary Shares, none of which are held in treasury. Accordingly, following Admission, the total number of voting rights in the Company will be 308,343,943. 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.

For further information, please contact:

 
AFC Energy plc 
 Adam Bond (Chief Executive Officer)                              [phone] 
Cantor Fitzgerald Europe - Nominated Adviser and Joint Broker 
 Andrew Craig 
 Richard Salmond                                                  [phone] 
M C Peat & Co LLP - Joint Broker 
 Charlie Peat                                                     [phone] 
 
Lionsgate Communications - Public Relations 
 Jonathan Charles 
 Rachel Rigby                                                     [phone] 
 

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

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April 18, 2016 06:59 ET (10:59 GMT)