REG - AFC Energy Plc - Director/PDMR Shareholding

AFC EnergyAnnouncement

27/03/2025 10:15

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RNS Number : 5033C  AFC Energy Plc  27 March 2025

 

 

27 March 2025

 

 

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 Elaine Sullivan, the spouse of Gary Bullard,
Non-Executive Chairman, purchased 94,343 ordinary shares of 0.1 pence each in
the Company ("Ordinary Shares") at a price of £0.06 today.

 

Following these transactions, Mr. Bullard is now interested in 4,000,000
Ordinary Shares in the capital of the Company, representing 0.47% 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                                                         Elaine Sullivan

 2    Reason for the notification

 a)   Position/status                                              Person Closely Associated with the Company's 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 Ordinary Shares

 c)   Price(s) and volume(s)

Price per share  Volume
                                                                   £0.06            94,343

 
 d)   Aggregated Information

      Volume                                                       Volume: 94,343 ordinary shares

      Price                                                        Price: as set out above
 e)   Date of transaction                                          27 March 2025
 f)   Place of transaction                                         London Stock Exchange, AIM

 

d)

Aggregated Information

 

Volume

 

Price

 

 

Volume: 94,343 ordinary shares

 

Price: as set out above

e)

Date of transaction

27 March 2025

f)

Place of transaction

London Stock Exchange, AIM

 

 

For further information, please contact:

 

 AFC Energy plc                                                 +44 (0) 14 8327 6726

 John Wilson (Chief Executive Officer)                          investors@afcenergy.com (mailto:investors@afcenergy.com)

 Peel Hunt LLP - Nominated Adviser and Joint Broker             +44 (0) 207 418 8900

 Richard Crichton / Georgia Langoulant / Emily Bhasin
 Zeus - Joint Broker                                            +44 (0) 203 829 5000

 David Foreman / James Hornigold (Investment Banking)

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

 RBC Capital Markets - Joint Broker                             +44 (0) 20 7653 4000

 Matthew Coakes / Teri Su

 Eduardo Famini / Jack Wood

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

 Ben Brewerton / Chris Laing / Evie Taylor                      afcenergy@fticonsulting.com (mailto:afcenergy@fticonsulting.com)

 

 

About AFC Energy

 

AFC Energy plc is a leading provider of hydrogen energy solutions, to provide
clean electricity for on and off grid power applications. The Company's fuel
cell technology is now deployable as electric vehicle chargers, off-grid
decentralised power systems for construction and temporary power with emerging
opportunities across maritime, data centres and rail as part of a portfolio
approach to the decarbonisation of society's growing electrification needs.

 

The Company's proprietary ammonia cracking technology further highlights
emerging opportunities across the distributed hydrogen production market with
a focus on hydrogen's role in supporting industries facing challenges in
decarbonisation, such as mining, cement and heavy engineering.

 

 

 

 

 

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