AFC Energy Plc Issue of Equity and Director Dealing (1920O)
August 17 2017 - 2:01AM
UK Regulatory
TIDMAFC
RNS Number : 1920O
AFC Energy Plc
17 August 2017
17 August 2017
AFC Energy PLC
("AFC Energy" or the "Company")
Issue of Equity and Director Dealing
AFC Energy (AIM: AFC), the industrial fuel cell power company,
announces that application has been made for the issue of 350,000
ordinary shares of 0.1 pence each ("Ordinary Shares") to Mitchell
Field, Non-Executive Director of the Company.
The Ordinary Shares are being issued pursuant to an exercise of
warrants under the AFC Deed of Warrant 2009 at an exercise price of
3.13 pence per share.
Following the issue of Ordinary Shares, Mitchell Field will hold
an increased interest of 3,311,132 Ordinary Shares, representing
approximately 0.85% of the issued share capital of the Company.
The 350,000 new Ordinary Shares will rank pari passu with the
Company's existing ordinary share capital and application has been
made to the London Stock Exchange for the Ordinary Shares to be
admitted to trading which is expected to commence at 8.00 a.m. on
22 August 2017 ("Admission").
Following Admission, the total issued share capital of the
Company consists of 391,298,205 Ordinary Shares, none of which are
held in treasury. Accordingly, following Admission, the total
number of voting rights in the Company will be 391,298,205. 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 Guidance and Transparency Rules.
For further information, please contact:
AFC Energy plc
Adam Bond (Chief Executive Officer) +44 (0) 20 3697 1209
Cantor Fitzgerald Europe - Nominated Adviser and Joint Broker
Andrew Craig
Richard Salmond +44 (0) 20 7894 7000
M C Peat & Co LLP - Joint Broker
Charlie Peat +44 (0) 20 7104 2334
Lionsgate Communications - Public Relations
Jonathan Charles +44 (0) 20 3697 1209
About AFC Energy
AFC Energy plc has developed and successfully demonstrated an
alkaline fuel cell system, 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. 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
Appendix - PDMR Dealing Disclosure:
1. Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------------
a) Name Mitchell Field
--- ------------------------------- --------------------------------
2. Reason for the Notification
--- -----------------------------------------------------------------
a) Position/status Non-Executive Director
--- ------------------------------- --------------------------------
b) Initial notification/Amendment Initial Notification
--- ------------------------------- --------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------
a) Name AFC Energy plc
--- ------------------------------- --------------------------------
b) LEI N/A
--- ------------------------------- --------------------------------
4. Details of the transaction(s): section
to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- -----------------------------------------------------------------
a) Description Ordinary Shares of 0.1 pence
of the Financial each
instrument,
type of instrument
---
Identification GB00B18S7B29
code
--- ------------------------------- --------------------------------
b) Nature of Exercise of Options
the transaction
--- ------------------------------- --------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ----------- -----------------
3.13 pence 350,000 (bought)
----------- -----------------
--- ------------------------------- --------------------------------
d) Aggregated 350,000 ordinary shares of
information: 0.1 pence each bought at 3.13
* Aggregated volume pence each
* Price
--- ------------------------------- --------------------------------
e) Date of the 16 August 2017
transaction
--- ------------------------------- --------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- --------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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