AFC Energy Plc Excercise of Options (5388O)
May 28 2015 - 9:40AM
UK Regulatory
TIDMAFC
RNS Number : 5388O
AFC Energy Plc
28 May 2015
AFC Energy Plc
Exercise of Options
RNS Number: 5388O
AFC Energy Plc
27 May 2015
AFC Energy PLC
("AFC Energy" or the "Company")
Exercise of Options and Total Voting Rights
AFC Energy (AIM: AFC) announces that application has been made
for 530,000 new ordinary shares of 0.1 pence each in AFC Energy to
be admitted to trading on AIM pursuant to an exercise of options
(the "Option Shares") under the AFC 2007 Share Option Scheme.
500,000 options have an exercise price of 20.75 pence per share and
30,000 options have an exercise price of 24 pence per share. The
Option Shares will rank pari passu with the Company's existing
ordinary shares and admission to trading on AIM is expected to take
place on 4 June 2015 ("Admission").
Following Admission of the Option Shares, the issued share
capital of the Company will consist of 289,541,943 ordinary shares
of 0.1 pence each, with one voting right each. The Company does not
hold any shares in treasury.
Accordingly, the total voting rights in the Company is
289,541,943 This figure may be used by shareholders 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 Disclosure
and Transparency Rules of the UK Financial Conduct Authority.
For further information, please contact:
AFC Energy plc
Adam Bond (CEO) +44 (0) 20 3697 1209
Zeus Capital Limited - Nominated Adviser and Joint Broker
Phil Walker, John Treacy
Alex Davies, John Goold +44 (0) 20 7533 7727
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
December 2015, 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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