REG - AFC Energy Plc - Block Listing Application

AFC EnergyAnnouncement

31/01/2022 18:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220131:nRSe2180Aa&default-theme=true

RNS Number : 2180A  AFC Energy Plc  31 January 2022

31 January 2022

AFC Energy PLC

("AFC Energy" or the "Company")

Block listing application

AFC Energy Plc (AIM: AFC), the industrial fuel cell power company, announces
that an application has been made to the London Stock Exchange to increase its
block listing of securities by 1,500,000 ordinary shares of 0.1 pence each
(the 'New Ordinary Shares').

The New Ordinary Shares will be issued from time to time in order to satisfy
certain employee share options which may be exercised. It is expected that
admission will become effective on 4 February 2022.

The addition to the block listing consists of 1,500,000 ordinary shares in
respect of employee options granted in June 2021, exercisable at 61.7 pence
per share.

For the avoidance of doubt this application is not application to list the
share options themselves on any regulated market but merely an administrative
measure to ensure that the Company does not need to make multiple applications
for admission of ordinary shares to trading on each separate occasion when the
existing employee share options are exercised by holders. The options remain
in uncertificated form and there are no changes to the terms and conditions of
the options.

Following the Block Admission, the Company's issued share capital will remain
unchanged at 734,484,668 ordinary shares. The Company will make six-monthly
announcements of the utilisation of the Block Admission, in line with its
obligations under AIM Rule 29. The Company will also update the market with
the total voting rights at the end of the month in which an option exercise
has occurred.

When issued, the New Ordinary Shares will be credited as fully paid and will
rank pari passu in all respects with the existing ordinary shares of 0.1 pence
each in the capital of the Company ('Ordinary Shares').

For further information, please contact:

 AFC Energy plc

 Adam Bond (Chief Executive Officer)                   +44 (0) 14 8327 6726

                                                       investors@afcenergy.com (mailto:investors@afcenergy.com)
 Peel Hunt LLP - Nominated Adviser and Joint Broker    +44 (0) 20 7418 8900

 Richard Crichton / Tom Ballard

 Alexander Allen

 M C Peat & Co LLP - Joint Broker                      +44 (0) 20 7104 2334

 Charlie Peat
 Zeus Capital Limited - Joint Broker                   +44 (0) 203 829 5000

 Daniel Harris (Corporate Finance)

 Dominic King (Corporate Broking)
 FTI Consulting - Financial PR Advisors                +44 (0) 203 727 1000

 Ben Brewerton / Dhruv Soni                            afcenergy@fticonsulting.com (mailto: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.

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ALSBBMRTMTJJBJT