AFC Energy Plc Scale back of Applications (6589M)
January 22 2016 - 2:00AM
UK Regulatory
TIDMAFC
RNS Number : 6589M
AFC Energy Plc
22 January 2016
AFC Energy plc
("AFC Energy" or the "Company")
Scale back of Applications
AFC Energy (AIM: AFC), the industrial fuel cell power company,
confirms as regards the Shareholder Offer the valid applications
from Qualifying Shareholders, which totalled 21,348,417 shares,
will be pro-rated on the basis of total applications received.
Subscribers will therefore receive approximately 26.38% of the
number of shares applied for.
For further information, please contact:
AFC Energy plc
Adam Bond (Chief Executive Officer)
+44 (0) 20 3697 1209
Zeus Capital Limited - Nominated Adviser and Joint Broker
Phil Walker, Nicholas How
Alex Davies, John Goold
+44 (0)20 3829 5000
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
January 2016, 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
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