REG - AFC Energy Plc - Exercise of Share Options and Total Voting Right

AFC EnergyAnnouncement

25/07/2022 07:00

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RNS Number : 5243T  AFC Energy Plc  25 July 2022

25 July 2022

 

AFC Energy Plc

("AFC Energy" or the "Company")

Exercise of Share Options and Total Voting Right

AFC Energy (AIM: AFC) (the "Company"), announces the following share
transaction carried out by a Director and person discharging managerial
responsibilities (PDMRs) on 21 July 2022.

Adam Bond (Chief Executive Officer) was previously granted 2,250,000 nil cost
options under a transitional award of the Performance Share Plan.  At 30
March 2022, 583,169 ordinary shares were deemed to have vested, all of which
are now being exercised and shall be retained, with all costs and income taxes
arising from the transaction being borne by the beneficiary.

541,831 options under the 2022 transitional award performance test have
lapsed.

An application has been made for 583,169 new ordinary shares of 0.1 pence each
in the Company (the "New Ordinary Shares") to be admitted to trading on AIM.
The New Ordinary Shares will rank pari passu with the Company's existing
ordinary shares and it is expected that admission will occur at 8.00 a.m. on
28 July 2022.

                                        Options exercised  Shares sold  Weighted average exercise price  Sale price  Options remaining after exercise  Current shareholding
 2022 PSP  transitional award vesting   583,169            0            0                                n/a         1,125,000                         583,169

 

As at 25 July 2022, the Company's issued share capital comprised of
735,237,837 Ordinary Shares, with one voting right per share. The Company does
not hold any Ordinary Shares in treasury. The total number of Ordinary Shares
and voting rights in the Company is therefore 735,237,837.

This figure may be used by shareholders in the Company as the denominator for
the calculations by which the will determine if they are required to notify
their interest in, or a change to their interest in, the share capital of the
Company.

For further information, please contact:

 AFC Energy plc

 Gerry Agnew (Chairman Remuneration Committee)                  +44 (0) 14 8327 6726

 Ben Bradshaw (Head of Marketing)                               investors@afcenergy.com (mailto:investors@afcenergy.com)

 Peel Hunt LLP - Nominated Adviser and Joint Broker

 Richard Crichton / Tom Ballard / Alexander Allen               +44 (0) 207 418 8900

 M C Peat & Co LLP - Joint Broker

 Charlie Peat                                                   +44 (0) 20 7104 2334

 Zeus - Joint Broker

 Daniel Harris/ James Hornigold (Investment Banking)            +44 (0) 203 829 5000

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

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

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

 

Notification of Dealing Form:

 

 1    Details of the person discharging managerial responsibilities / person closely

    associate

 a)   Name                                                         Adam Bond

 2    Reason for the notification

 a)   Position/status                                              CEO

 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                                    Exercise of nil cost share options under the Performance Share Plan.

 c)   Price(s) and volume(s)

Price per share  Volume
                                                                   £0.001           583,169

 
 d)   Aggregated Information                                        n/a single transaction

      Volume

                                                                   583,170

      Exercise price

 e)   Date of transaction                                          21 July 2022
 f)   Place of transaction                                         London Stock Exchange

 

d)

Aggregated Information

 

Volume

 

Exercise price

 n/a single transaction

 

 

583,170

 

 

e)

Date of transaction

21 July 2022

f)

Place of transaction

London Stock Exchange

 

 

 

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