REG - AFC Energy Plc - Issue of Equity and PDMR Dealing <Origin Href="QuoteRef">AFEN.L</Origin>

AFC EnergyAnnouncement

22/08/2016 09:59

RNS Number : 7073H
AFC Energy Plc
19 August 2016
19 August 2016
AFC Energy PLC
("AFC Energy" or the "Company")
Issue of Equity and PDMR Dealing
AFC Energy (AIM: AFC), the industrial fuel cell power company, announces that application has been made for the issue of 200,000 ordinary shares of 0.1 pence each ("Ordinary Shares") to a consultant to the Company at 25.75 pence per share in consideration for services provided to the Company. 
Additionally, application has been made for a further 500,000 Ordinary Shares to be issued pursuant to an exercise of options under the AFC 2007 Share Option Scheme at an exercise price of 20.75 pence per share. 
The 700,000 new Ordinary Shares will rank pari passu with the Company's existing ordinary share capital and application has been made to the London Stock Exchange for the Ordinary Shares to be admitted to trading which is expected to commence at 8.00 a.m. on 24 August 2016 ("Admission").
Following Admission, the total issued share capital of the Company consists of 310,013,943 Ordinary Shares, none of which are held in treasury. Accordingly, following Admission, the total number of voting rights in the Company will be 310,013,943. This figure may be used by shareholders as the denominator by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Bailey Hoyle Limited (a person closely associated with Colin Bailey)
2.
Reason for the Notification
a)
Position/status
Consultant to AFC Energy PLC
b)
Initial notification/Amendment
Initial
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
AFC Energy PLC
b)
LEI
N/A
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 0.1p each
Identification code
GB00B18S7B29
b)
Nature of the transaction
Issue of equity as fees
c)
Price(s) and volume(s)
Price(s)
Volume(s)
25.75 pence
200,000
d)
Aggregated information:
Aggregated volume
Price
N/A Single transaction
e)
Date of the transaction
18thAugust 2016
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)
For further information, please contact:
AFC Energy plc
Adam Bond (Chief Executive Officer)
+44 (0) 20 3697 1209
Cantor Fitzgerald Europe-Nominated Adviser and Joint Broker
Andrew Craig
Richard Salmond
+44 (0) 20 7894 7000
M C Peat & Co LLP-Joint Broker
Charlie Peat
+44 (0) 20 7104 2334


Lionsgate Communications-Public Relations
Jonathan Charles
+44 (0) 20 3697 1209
About AFC Energy
AFC Energy plc has developed and successfully operated an alkaline fuel cell system ("KORE"), which converts hydrogen into "clean" electricity. AFC Energy's key project POWER-UPdemonstrated the world's largest operational alkaline fuel cell system at Air Products' industrial gas plant in Stade, Germany in January 2016. The Company is now looking to build upon an already established pipeline of commercial opportunities and drive the findings from the development phase of the technology into a technically optimised and commercially relevant fuel cell system. For further information, please visit our website:www.afcenergy.com

This information is provided by RNS
The company news service from the London Stock Exchange
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