REG - AFC Energy Plc - Directorate Remuneration and Total Voting Rights

AFC EnergyAnnouncement

Mon 07:02

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RNS Number : 5430X  AFC Energy Plc  23 March 2026

AFC Energy Plc

23 March 2026

 

AFC Energy Plc

("AFC Energy" or the "Company")

Directorate Remuneration and Total Voting Rights

AFC Energy Plc (AIM: AFC), a leading provider of ammonia-based low carbon
hydrogen production and hydrogen-to-power solutions, announces that further to
publication of its Remuneration Report for the year ended 31 October 2025, it
has today awarded 2,163,562 ordinary shares of £0.001 in the Company
("Ordinary Shares")  to John Wilson, Chief Executive Officer and 824,767
Ordinary Shares to Karl Bostock, Chief Financial Officer (together the "FY25
Bonus Shares"). The aggregate 2,988,329 Ordinary Shares represents 0.26% of
the Company's issued share capital*.

The FY25 Bonus Shares have been approved by the Company's Remuneration
Committee.

Director interests

Following the issue of the FY25 Bonus Shares, the below directors will have
the following interests in the Company:

 Director      Total Number of Ordinary Shares  % of issued share capital*  Total Number of Share Options  % of issued share capital*
 John Wilson    9,163,562                       0.81%                       15,250,191                     1.34%
 Karl Bostock   2,268,141                       0.20%                       7,749,613                      0.68%

 

*Post issue of FY25 Bonus Shares

Admission and Total Voting Rights

Application will be made to the London Stock Exchange for admission of the
FY25 Bonus Shares to trading on AIM ("Admission"). It is expected that
Admission will become effective at or around 8.00 a.m. on 26 March 2026.

Following Admission, the Company's issued share capital will comprise of
1,136,475,282 Ordinary Shares each with voting rights, and this number may be
used by shareholders in the Company as the denominator for the calculations by
which they will determine if they are required to notify their interest in, or
a change in their interest in, the share capital of the Company under the
FCA's Disclosure Guidance and Transparency Rules. The Company does not hold
any shares in treasury.

Set out below are the notifications made in accordance with Article 19 of the
UK Market Abuse Regulation.

 

 

 

For further information, please contact:

 

 AFC Energy Plc                                                 +44 (0) 14 8327 6726

 Gerry Agnew (Chair of Remuneration Committee)                  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)

 DGA Group - Financial PR and Communications Advisors           +44 (0) 7747 113 930

 James Benjamin / James Styles                                  +44 (0) 7510 385 554

                                                                afcenergy@dgagroup.com (mailto:afcenergy@dgagroup.com)

ABOUT AFC ENERGY

 

AFC Energy Plc is a leading provider of ammonia-based low carbon hydrogen
production and hydrogen-to-power solutions. Our market-leading decentralised
ammonia cracker and fuel cell generator products are engineered to unlock the
low carbon hydrogen market by meeting customers' needs with scalable, reliable
supplies of low carbon hydrogen and power. AFC Energy is enabling customers to
decarbonise at a price that is commercially viable.

 

We are focused on the successful commercial rollout of our core product suite
and on creating significant shareholder value by converting our growing
opportunity pipeline into contracted orders and delivering sustained revenue
growth.

 

Our core strategy is to develop and deploy products that enable the production
of scalable, reliable supplies of clean hydrogen at commercially viable prices
and without reliance on government subsidies or incentives. AFC Energy
achieves this through our proprietary, decentralised and modular ammonia
cracker technology, and providing low carbon, off‑grid power solutions with
our fuel cell generators that are competitive with, and capable of displacing,
diesel generators on a total cost of ownership basis.

 

The Company's modular, decentralised ammonia cracker systems have production
capacities of approximately 0.5 and 4 tonnes of hydrogen per day respectively.
These enable the generation of scaled volumes of low carbon hydrogen at the
point of use within a highly compact footprint. Our systems have the potential
to drive substantial revenue growth across a wide range of addressable
markets, including hard‑to‑abate industrial facilities, transportation and
power generation applications.

 

AFC Energy's fuel cell generator systems are currently offered with generation
capacities of 30 kW and 200 kW. They are well-suited to off‑grid,
decentralised and temporary power applications, including the displacement of
diesel generators on construction and infrastructure sites. Further use cases
include electric vehicle charging for cars, buses and trucks, as well as
charging of battery‑powered non‑road machinery, with additional emerging
opportunities in maritime, data centre and rail applications.

 

AFC Energy is listed on the London Stock Exchange's AIM Market and
headquartered in Dunsfold, Surrey, UK.

 

Please read more on our website https://www.afcenergy.com/
(https://www.afcenergy.com/) and follow us on LinkedIn
(https://www.linkedin.com/company/afc-energy/)

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associate

 a)   Name                                                         John Wilson

 2    Reason for the notification

 a)   Position/status                                              Chief Executive Officer

 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 ("Shares")

      Identification code                                          ISIN: GB00B18S7B29

 b)   Nature of the transaction                                    Grant of  Shares as remuneration

 c)   Price(s) and volume(s)

Price per share  Volume
                                                                   £0.001           2,163,562

 
 d)   Aggregated Information                                        n/a single transaction

      Volume

      Price
 e)   Date of transaction                                          23 March 2026
 f)   Place of transaction                                         Outside a trading venue

 

d)

Aggregated Information

 

Volume

 

Price

 n/a single transaction

 

e)

Date of transaction

23 March 2026

f)

Place of transaction

Outside a trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely

    associate

 a)   Name                                                         Karl Bostock

 2    Reason for the notification

 a)   Position/status                                              Chief Financial Officer

 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 ("Shares")

      Identification code                                          ISIN: GB00B18S7B29

 b)   Nature of the transaction                                    Grant of Shares as remuneration

 c)   Price(s) and volume(s)

Price per share  Volume
                                                                   £0.001           824,767

 
 d)   Aggregated Information                                        n/a single transaction

      Volume

      Price
 e)   Date of transaction                                          23 March 2026
 f)   Place of transaction                                         Outside a trading venue

 

d)

Aggregated Information

 

Volume

 

Price

 n/a single transaction

 

e)

Date of transaction

23 March 2026

f)

Place of transaction

Outside a trading venue

 

 

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