AFC Energy Plc Exercise of Warrants and Issue of Equity (0782P)
May 23 2018 - 10:49AM
UK Regulatory
TIDMAFC
RNS Number : 0782P
AFC Energy Plc
23 May 2018
23 May 2018
AFC Energy PLC
("AFC Energy" or the "Company")
Exercise of Warrants and Issue of Equity
AFC Energy (AIM: AFC), the industrial fuel cell power company,
announces that application has been made for the issue of 400,000
ordinary shares of 0.1 pence each ("Ordinary Shares") pursuant to
an exercise of warrants under the AFC Energy Deed of Warrant 2009
at an exercise price of 3.13 pence per share.
The 400,000 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 May 2018 ("Admission").
Following Admission, the total issued share capital of the
Company consists of 391,698,205 Ordinary Shares, none of which are
held in treasury. Accordingly, following Admission, the total
number of voting rights in the Company will be 391,698,205. 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
David Foreman
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 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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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