REG - AFC Energy Plc - Launch of 2023 SAYE Scheme

AFC EnergyAnnouncement

23/10/2023 12:00

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RNS Number : 8476Q  AFC Energy Plc  23 October 2023

 

23 October 2023

 

 

AFC Energy PLC

("AFC Energy" or the "Company")

 

Launch of 2023 SAYE Scheme

 

 AFC Energy (AIM: AFC), a leading provider of hydrogen power generation
technologies, is pleased to announce that it has launched the 2023 Save As You
Earn Scheme (the "2023 SAYE Scheme") for all eligible employees.

 

The SAYE Scheme allows eligible employees to commit to making a deduction from
salary on a monthly basis over three years. At the end of the three-year
period, employees can purchase the Company's ordinary shares of 0.1 pence each
("Ordinary Shares") at a price of 14.304 pence per Ordinary Share,
representing a 20 % discount to the closing market price of the Ordinary
Shares prior to the scheme being launched on 6 September 2023. The discount is
in line with the limits of the 2023 SAYE Scheme as defined by HMRC.

 

The Company proposes to use its Block Listing facility in respect of Ordinary
Shares issued pursuant to the 2023 SAYE Scheme and the prior 2022 SAYE Scheme.

 

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             +44 (0) 207 418 8900

 Richard Crichton / Tom Ballard / Georgia Langoulant
 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 / Nick Hennis / Dhruv Soni                       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.

 

 

 

 

 

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