TIDMAFC

RNS Number : 3709I

AFC Energy Plc

12 August 2021

RNS

12 August 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 10 August 2021, Gary Bullard, Non-Executive Chairman, purchased 15,000 Ordinary Shares of 0.1 pence at a price of 58.5 pence per share.

Following this transaction Mr. Bullard has interests in 85,000 Ordinary Shares, representing 0.012% of the Company's issued share capital.

The Company has 734,418,000 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                               Gary Bullard 
     ---------------------------------  ----------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------------- 
 a)   Position/status                    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) 
                                             58.5p      15,000 
                                                       ---------- 
 
      Purchase of shares 
     ---------------------------------    ----------------------------- 
 d)   Aggregated information 
 
      - Aggregated volume                  15,000 shares 
 
      - Price                              GBP8,775.00 
 
 e)   Date of the transaction            10 August 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 / Sarah Mather (Corporate Finance) 
   Jasper Berry (Corporate Broking)                +44 (0) 207 220 1666 
                                                  ----------------------------- 
  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 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.

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August 12, 2021 02:00 ET (06:00 GMT)

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