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RNS Number : 0909I

AFC Energy Plc

20 March 2015

AFC Energy PLC

("AFC Energy" or the "Company")

Issuance of shares and Notice of Annual General Meeting

Exercise of Options

AFC Energy (AIM: AFC) announces that application has been made for 620,000 new ordinary shares of 0.1 pence each in AFC Energy to be admitted to trading on AIM pursuant to the exercise of options by certain former employees (the "Option Shares"). 200,000 options have an exercise price of 3.13 pence per share and 420,000 options has an exercise price of 10 pence per share.

Shares in lieu of professional fees

Further to the above and the announcement made on 5 December 2014, the Company has also agreed to issue Ordinary Shares in the Company to Lionsgate Communications in lieu of professional fees.

Lionsgate Communications will be issued 150,000 Ordinary Shares (the "Consultant Shares") in the Company at par value immediately.

Admission of the Shares

Application has been made to the London Stock Exchange for the Option Shares and the Consultant Shares to be admitted to trading at 8am on 26 March 2015.

Following admission of these shares, the total number of ordinary shares and voting rights in the Company will be 288,603,534. 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.

Posting of Annual Report and Accounts and Notice of Annual General Meeting

The Company announces that copies of the Company's Annual Report and Accounts for the 12 months ended 31 October 2014 were posted to shareholders today, together with the notice of annual general meeting ("AGM") and form of proxy. An electronic copy of the Annual Report and Accounts and the notice of AGM are available on the Investor Relations section of the Company's website (www.afcenergy.com) in accordance with AIM Rule 26.

The Company's AGM will be held at the offices of Eversheds LLP, 1 Wood Street, London, EC2V 7WS at 12pm on Wednesday 15 April 2015.

For further information, please contact:

 
AFC Energy plc 
 Adam Bond (CEO)                                              +44 (0) 20 3697 1209 
Zeus Capital Limited - Nominated Adviser and Joint Broker 
 John Depasquale, 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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