REG - AFC Energy Plc - Director/PDMR Shareholding

AFC EnergyAnnouncement

09/08/2023 07:00

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RNS Number : 7091I  AFC Energy Plc  09 August 2023

9 August 2023

 

 

AFC Energy PLC

("AFC Energy" or the "Company")

 

 

Director / PDMR Shareholding

 

 

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation
technologies, confirms that Gary Bullard, non-executive chairman, purchased
35,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at
a price of 15.15 pence per share today.

 

Following these transactions, Mr. Bullard is now interested in 500,000
ordinary shares in the capital of the Company, representing 0.06% of the
Company's issued share capital.

 

The following notification, made pursuant to Article 19(3) of the Market Abuse
Regulation, provides further details.

 

 1    Details of the person discharging managerial responsibilities / person closely

    associate

 a)   Name                                                         Gary Bullard

 2    Reason for the notification

 a)   Position/status                                              Non-Executive Chairman

 b)   Initial notification /Amendment                              Initial notification

 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 financial instrument, type of instrument  Ordinary Shares of 0.1 pence each in the Company

      Identification code                                          ISIN: GB00B18S7B29

 b)   Nature of the transaction                                    Purchase of shares

 c)   Price(s) and volume(s)

Price per share  Volume
                                                                   15.15 pence      35,000

 
 d)   Aggregated Information

      Volume                                                       Volume: 35,000 ordinary shares

      Price                                                        Price: 15.15 pence
 e)   Date of transaction                                          8 August 2023
 f)   Place of transaction                                         (i)            London Stock Exchange, AIM

 

d)

Aggregated Information

 

Volume

 

Price

 

 

Volume: 35,000 ordinary shares

 

Price: 15.15 pence

e)

Date of transaction

8 August 2023

f)

Place of transaction

(i)            London Stock Exchange, AIM

 

 

 

 

For further information, please contact:

 

 AFC Energy plc                                                 +44 (0) 14 8327 6726

 Adam Bond (Chief Executive Officer)                            investors@afcenergy.com (mailto:investors@afcenergy.com)

 Peel Hunt LLP - Nominated Adviser and Joint Broker

 Richard Crichton / Tom Ballard / Georgia Langoulant            +44 (0) 207 418 8900

 Zeus - Joint Broker                                            +44 (0) 203 829 5000

 David Foreman / James Hornigold (Investment Banking)

 Dominic King (Corporate Broking) / Rupert Woolfenden (Sales)

 FTI Consulting - Financial PR Advisors                         +44 (0) 203 727 1000

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

 

 

Notification of Dealing Form:

 

 

 

About AFC Energy

 

AFC Energy plc is deploying its hydrogen fuel cell systems to provide clean
electricity for on and off grid power needs. The technology, pioneered over
the past twelve years in the UK, is now deployable to support the
electrification of electric vehicle chargers, off-grid decentralised power
systems and data centre back up applications with emerging opportunities
across maritime and rail as part of a portfolio approach to the
decarbonisation of local electricity needs.  The Company also offers
customers a flexibility in sourcing lowest cost hydrogen through a "flexible
fuel" strategy incorporating hydrogen carrier fuels such as ammonia and
methanol and associated fuel conversion technologies.

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