AFC Energy Plc Issue of Equity (0321Z)
December 05 2014 - 11:05AM
UK Regulatory
TIDMAFC
RNS Number : 0321Z
AFC Energy Plc
05 December 2014
AFC Energy PLC
("AFC Energy" or "the Company")
Issuance of Shares
AFC Energy (AIM: AFC), the industrial fuel cell power company,
has agreed to issue Ordinary Shares in the Company in lieu of
professional fees.
The consultant will be issued 150,000 Ordinary Shares in the
Company at par value immediately and, subject to satisfactory
performance, a further 150,000 Ordinary Shares in the Company at
par value on 1 March 2015.
Application has been made to the London Stock Exchange for the
first tranche of 150,000 shares to be admitted to trading at 8am on
Thursday 11 December 2014. Subject to the second tranche becoming
due, application to the London Stock Exchange for the second
tranche of 150,000 shares to be admitted to trading will be made in
due course.
Following admission of the first tranche of shares, the total
number of ordinary shares and voting rights in the Company will be
286,833,534. 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.
For further information, please contact:
AFC Energy plc
Christopher Tawney (Finance Director) +44 (0) 20 3697 1209
Zeus Capital Limited - Nominated Adviser and Joint Broker
Dan Bate, John Depasquale (Corporate Finance)
Alex Davies, John Goold (Institutional Sales) +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
Founded in 2006, AFC Energy plc is re-engineering proven
alkaline fuel cell technology to reduce the cost of electricity.
Alkaline fuel cells have been used on US and Russian manned space
missions for decades to provide electrical power and drinking
water. By using platinum free, advanced materials, design tools and
manufacturing processes at scale, AFC Energy is developing fuel
cells that will compete with conventional technologies such as
turbines for electrical power generation. Today, AFC Energy is
pursuing opportunities in several sectors where hydrogen is readily
available including the chlorine, clean coal and waste-to-energy
industries as well as applications for distributed/back-up power.
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
IOEEAKASEEDLFFF
Afc Energy (LSE:AFC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Afc Energy (LSE:AFC)
Historical Stock Chart
From Sep 2023 to Sep 2024