AFC Energy Plc Issue of Equity and Notice of Interim Results (7225Y)
May 19 2016 - 4:45AM
UK Regulatory
TIDMAFC
RNS Number : 7225Y
AFC Energy Plc
19 May 2016
19 May 2016
AFC Energy PLC
("AFC Energy" or the "Company")
Issue of Equity and Notice of Interim Results
AFC Energy (AIM: AFC), the industrial fuel cell power company,
announces that application has been made for the issue of 720,000
ordinary shares of 0.1 pence each ("Ordinary Shares") to be
admitted to trading on AIM pursuant to an exercise of options by a
former employee of the Company.
The 720,000 new Ordinary Shares will rank pari passu with the
Company's existing ordinary share capital and admission to trading
on AIM is expected to take place on 25 May 2016 ("Admission").
Following Admission, the total issued share capital of the
Company consists of 309,063,943 Ordinary Shares, none of which are
held in treasury. Accordingly, following Admission, the total
number of voting rights in the Company will be 309,063,943. 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 and Transparency Rules.
The Company also announces that it expects to release its
interim results for the six months ended 30 April 2016 during the
week commencing 30 May 2016.
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
Rachel Rigby +44 (0) 20 3697 1209
About AFC Energy
AFC Energy plc has developed and successfully operated an
alkaline fuel cell system ("KORE"), 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 in January 2016.
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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