AFC Energy Plc Issue of Equity and PDMR Dealing (7073H)
August 19 2016 - 12:00PM
UK Regulatory
TIDMAFC
RNS Number : 7073H
AFC Energy Plc
19 August 2016
19 August 2016
AFC Energy PLC
("AFC Energy" or the "Company")
Issue of Equity and PDMR Dealing
AFC Energy (AIM: AFC), the industrial fuel cell power company,
announces that application has been made for the issue of 200,000
ordinary shares of 0.1 pence each ("Ordinary Shares") to a
consultant to the Company at 25.75 pence per share in consideration
for services provided to the Company.
Additionally, application has been made for a further 500,000
Ordinary Shares to be issued pursuant to an exercise of options
under the AFC 2007 Share Option Scheme at an exercise price of
20.75 pence per share.
The 700,000 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
24 August 2016 ("Admission").
Following Admission, the total issued share capital of the
Company consists of 310,013,943 Ordinary Shares, none of which are
held in treasury. Accordingly, following Admission, the total
number of voting rights in the Company will be 310,013,943. 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.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging
managerial responsibilities
/ person closely associated
--- ------------------------------------------------------------
a) Name Bailey Hoyle Limited
(a person closely
associated with
Colin Bailey)
--- ------------------------------- ---------------------------
2. Reason for the Notification
--- ------------------------------------------------------------
a) Position/status Consultant to
AFC Energy PLC
--- ------------------------------- ---------------------------
b) Initial notification/Amendment Initial
--- ------------------------------- ---------------------------
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 the Financial of 0.1p each
instrument,
type of instrument
---
Identification GB00B18S7B29
code
--- ------------------------------- ---------------------------
b) Nature of Issue of equity
the transaction as fees
--- ------------------------------- ---------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ------------- ----------
25.75 pence 200,000
------------- ----------
--- ------------------------------- ---------------------------
d) Aggregated N/A Single transaction
information:
* Aggregated volume
* Price
--- ------------------------------- ---------------------------
e) Date of the 18(th) August
transaction 2016
--- ------------------------------- ---------------------------
f) Place of London Stock Exchange,
the transaction AIM Market (XLON)
--- ------------------------------- ---------------------------
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 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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