TIDMAFC

RNS Number : 8998X

AFC Energy Plc

07 May 2021

RNS

7 May 2021

AFC Energy plc

("AFC Energy" or "the Company")

Director Dealing

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, has received notice that on 6 May 2021, Elaine Sullivan, wife of Mr Gary Bullard, Non-Executive Chairman, purchased 40,000 Ordinary Shares of 0.1 pence at a price of 55.3 pence per share.

Following this transaction Mr. Bullard has interests in 75,000 Ordinary Shares, representing 0.0010% of the Company's issued share capital.

On 6 May 2021, Mr Joseph Mangion, Non-Executive Director, purchased 10,093 Ordinary Shares of 0.1 pence at a price of 54.5 pence per share.

Following this transaction Mr Mangion has interests in 25,093 Ordinary Shares, representing 0.000034% of the Company's issued share capital.

The Company has 732,750,500 Ordinary Shares in issue, none of which are held in treasury.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                               Elaine Sullivan 
     ---------------------------------  --------------------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------------------------- 
 a)   Position/status                    Wife of Gary Bullard, Non-Executive Chairman 
     ---------------------------------  --------------------------------------------------- 
 b)   Initial notification               Initial Notification 
       /Amendment 
     ---------------------------------  --------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------------------- 
 a)   Name                               AFC Energy plc 
     ---------------------------------  --------------------------------------------------- 
 b)   LEI                                213800SRJST19GNS9U35 
     ---------------------------------  --------------------------------------------------- 
 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 of the                 Ordinary Shares of 0.1p each 
       financial instrument, 
       type of instrument 
 
      Identification code                GB00B18S7B29 
 
 b)   Nature of the transaction          Purchase of shares 
     ---------------------------------  --------------------------------------------------- 
 c)   Price(s) and volume(s)                Price(s)   Volume(s) 
                                             55.3p      40,000 
                                                       ---------- 
 
      Purchase of shares 
     ---------------------------------    --------------------------------------------- 
 d)   Aggregated information 
 
      - Aggregated volume                  40,000 shares 
 
      - Price                              GBP22,120.00 
 
 e)   Date of the transaction            6 May 2021 
     ---------------------------------  --------------------------------------------------- 
 f)   Place of the transaction           London Stock Exchange, AIM 
     ---------------------------------  --------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                               Joseph Mangion 
     ---------------------------------  ----------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------------- 
 a)   Position/status                    Non-Executive Director 
     ---------------------------------  ----------------------------------- 
 b)   Initial notification               Initial Notification 
       /Amendment 
     ---------------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                               AFC Energy plc 
     ---------------------------------  ----------------------------------- 
 b)   LEI                                213800SRJST19GNS9U35 
     ---------------------------------  ----------------------------------- 
 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 of the                 Ordinary Shares of 0.1p each 
       financial instrument, 
       type of instrument 
 
      Identification code                GB00B18S7B29 
 
 b)   Nature of the transaction          Purchase of shares 
     ---------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)                Price(s)   Volume(s) 
                                             54.5p      10,093 
                                                       ---------- 
 
      Purchase of shares 
     ---------------------------------    ----------------------------- 
 d)   Aggregated information 
 
      - Aggregated volume                  10,093 shares 
 
      - Price                              GBP5,499.88 
 
 e)   Date of the transaction            6 May 2021 
     ---------------------------------  ----------------------------------- 
 f)   Place of the transaction           London Stock Exchange, AIM 
     ---------------------------------  ----------------------------------- 
 

For further information, please contact:

 
AFC ENERGY AND ADVISORS 
  AFC Energy plc 
   Adam Bond (Chief Executive Officer)             +44 (0) 14 8327 6726 
   Iain Thomson (Head of Communications            investors@afcenergy.com 
   and Stakeholder Management) 
  WH Ireland - Nominated Adviser and Joint 
   Broker 
   M ike Coe (Corporate Finance) 
   Jasper Berry (Corporate Broking)               +44 (0) 117 945 3470 
                                                 ----------------------------- 
  M C Peat & Co LLP - Joint Broker 
   Charlie Peat                                   +44 (0) 20 7104 2334 
                                                 ----------------------------- 
  Zeus Capital Limited - Joint Broker 
   Daniel Harris (Corporate Finance) 
   John Goold/Dominic King (Corporate Broking)    +44 (0) 203 829 5000 
                                                 ----------------------------- 
  FTI Consulting - Financial PR Advisors          +44 (0) 203 727 1000 
   Sara Powell / Ben Brewerton                     afcenergy@fticonsulting.com 
                                                 ----------------------------- 
 

About AFC Energy plc

AFC Energy plc is commercialising a scalable alkaline fuel cell system, to provide clean electricity for on and off grid applications. The technology, pioneered over the past twelve years in the UK, is now being deployed in electric vehicle chargers, off-grid decentralised power systems and industrial gas plants as part of a portfolio approach to the decarbonisation of local electricity needs.

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