AFC Energy Plc Issuance of Consultancy Shares (3391Q)
June 17 2015 - 2:00AM
UK Regulatory
TIDMAFC
RNS Number : 3391Q
AFC Energy Plc
17 June 2015
AFC Energy PLC
("AFC Energy" or "the Company")
Issuance of Consultancy Shares
AFC Energy (AIM: AFC), the industrial fuel cell power company,
has agreed to issue Ordinary Shares in the Company to one of their
consultants in lieu of professional fees. The consultant will be
issued 100,000 Ordinary Shares in the Company (the "Consultancy
Shares") at par value immediately.
Application has been made to the London Stock Exchange for the
Consultancy Shares to be admitted to trading at 8am on 22 June
2015.
Following admission of the Consultancy Shares, the total number
of ordinary shares and voting rights in the Company will be
289,641,943. 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 (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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