AFC Energy Plc Issue of Equity and Grant of Options (3882D)
June 29 2021 - 1:00AM
UK Regulatory
TIDMAFC
RNS Number : 3882D
AFC Energy Plc
29 June 2021
29 June 2021
AFC Energy plc
("AFC Energy" or the "Company")
Issue of Equity
Total voting rights
Grant of Options
AFC Energy (AIM: AFC), a leading provider of hydrogen power
generation technologies, announces that application has been made
for 1,500,000 new ordinary shares of 0.1 pence each in the Company
( "Ordinary Shares") to be admitted to trading on AIM pursuant to
the exercise of warrants which have an exercise price of 18.5
pence.
The 1,500,000 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 new Ordinary Shares to be
admitted to trading which is expected to commence at 8.00 a.m. on
30 June 2021 ("Admission").
Following Admission, the Company's total issued share capital
will consist of 734,378,000 Ordinary Shares, none of which are held
in treasury. Accordingly, following Admission, the total number of
voting rights in the Company will be 734,378,000. This figure may
be used by shareholders 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 Company under
the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.
The Company also announces that it has today agreed to grant
options over 1,600,000 Ordinary Shares (the "Options"). These
options have been granted to participating employees under the
rules of the AFC Energy 2018 Employee Share Option Plan (the
"Plan").
No director has been granted options.
The purpose of the Plan is to attract, recruit and retain staff
and align them with stakeholders' objectives. The Options are
exercisable at a price of 64.7 pence per share and will vest
between the 28 June 2024 and 17 August 2024 and expire on 28 June
2031.
The information below, sets 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 Mike Rendall
------------------------------------- -----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------
a) Position/status Chief Engineer and Product Officer
------------------------------------- -----------------------------------------
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 Grant of options
------------------------------------- -----------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
Grant of shares options GBP0.647 500,000
-------------------------------------- ----------------------- -----------------
d) Aggregated information
- Aggregated volume 500,000 shares
- Price GBP0.647
e) Date of the transaction 28 June 2021
------------------------------------- -----------------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- -----------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name David Harvey
------------------------------------- -----------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status Chief Technology Officer
------------------------------------- -----------------------------------
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 Grant of options
------------------------------------- -----------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
Grant of shares options GBP0.647 500,000
-------------------------------------- -------------------- --------------
d) Aggregated information
- Aggregated volume 500,000 shares
- Price GBP0.647
e) Date of the transaction 28 June 2021
------------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mark Bailey
------------------------------------- -----------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status Chief Commercial Officer
------------------------------------- -----------------------------------
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 Grant of options
------------------------------------- -----------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
Grant of shares options GBP0.647 500,000
-------------------------------------- -------------------- --------------
d) Aggregated information
- Aggregated volume 500,000 shares
- Price GBP0.647
e) Date of the transaction 28 June 2021
------------------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange, AIM
------------------------------------- -----------------------------------
-S-
For further information, please contact:
AFC ENERGY AND ADVISORS
AFC Energy plc
Adam Bond (Chief Executive Officer) +44 (0) 14 8327 6726
Graeme Lewis (Chief Financial Officer) investors@afcenergy.com
Iain Thomson (Head of Communications &
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 - PR Advisors +44 (0) 203 727 1000
Sara Powell / Ben Brewerton afcenergy@fticonsulting.com
-----------------------------
About AFC Energy plc
AFC Energy plc is a leading provider of hydrogen fuel cell power
systems to generate clean energy in support of the global energy
transition.
Based in the UK, the Company's scalable systems provide
off-grid, zero emission power that are already being deployed for
rapid electric vehicle charging and the replacement of diesel
generators for temporary power applications.
AFC Energy is also working with global partners in the
deployment of products for the Maritime, Ports, Data Centres and
Rail industries, emphasising the central role of its technology in
the decarbonisation of global industry.
Afcenergy.com
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IOEFPMFTMTJTBAB
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