AFC Energy Plc Director Dealing (6588M)
January 22 2016 - 2:00AM
UK Regulatory
TIDMAFC
RNS Number : 6588M
AFC Energy Plc
22 January 2016
AFC Energy plc
("AFC Energy" or the "Company")
Director Dealing
AFC Energy (AIM: AFC), the industrial fuel cell power company,
announces that on 21 January 2016 the board of AFC Energy issued
Adam Bond, Chief Executive Officer of the Company, with 250,000
Ordinary Shares of 0.1p each in the Company ("Ordinary Shares") at
par value.
The issue of Ordinary Shares is made pursuant to arrangements
detailed in the announcement of Adam Bond's contract renewal on 17
July 2015 under which it was agreed that 1,000,000 new Ordinary
Shares would be issued to Adam Bond over four equal tranches. This
issue is the second tranche that became due on 31 December 2015.
The remaining tranches will fall due on 30 June 2016 and 31
December 2016.
Adam Bond's holding of AFC Ordinary Shares is now 2,500,000
Ordinary Shares representing approximately 0.81% of the enlarged
issued share capital of the Company.
Application has been made to the London Stock Exchange for the
shares to be admitted to trading which is expected at 8am on or
around 27January 2016.
Following the issue and admission of these shares, the total
number of ordinary shares and voting rights in the Company will be
308,153,943. The Company does not hold any shares in treasury.
The above figure may be used by shareholders in the Company as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
.
For further information, please contact:
AFC Energy plc
Adam Bond (Chief Executive Officer)
+44 (0) 20 3697 1209
Zeus Capital Limited - Nominated Adviser and Joint Broker
Phil Walker, Nicholas How
Alex Davies, John Goold
+44 (0)20 3829 5000
M C Peat & Co LLP - Joint Broker
Charlie Peat
+44 (0) 20 7104 2334
Lionsgate Communications - Public Relations
Jonathan Charles, Rachel Rigby
+44 (0) 20 3697 1209
About AFC Energy
AFC Energy plc is fast approaching commercialisation for its
proven low-cost alkaline fuel cell system ("KORE"), which converts
hydrogen into 'clean' electricity. AFC's key project POWER-UP will
demonstrate the world's largest alkaline fuel cell system at Air
Products' industrial gas plant in Stade, Germany. The date for the
demonstration of the 240kW KORE system has been fast tracked to
January 2016, representing the final phase of AFC's
pre-commercialisation technical development programme and creating
the platform for the Company's global commercial fuel cell
deployment. 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
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