REG - AFC Energy Plc - Launch of SAYE scheme and Director Dealing

AFC EnergyAnnouncement

02/09/2022 12:30

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RNS Number : 1397Y  AFC Energy Plc  02 September 2022

2 September 2022

AFC Energy plc

("AFC" or the "Company")

 

Launch of SAYE scheme and Director Dealing

 

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation
technologies, is pleased to announce that it has launched the 2022 Save As You
Earn Scheme (the "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 20.48 pence per Ordinary Share, representing
a 20 % discount to the closing market price of the Ordinary Shares prior to
the scheme being launched on 3 August 2022. The discount is in line with the
limits of the SAYE scheme as defined by HMRC.

The following Persons Discharging Managerial Responsibilities ("PDMRs") have
chosen to participate in the 2022 SAYE Scheme:

 

 Name        Director/PDMR  Monthly deduction from pay
 Jim Gibson  Director       £300

The notification below, made in accordance with the requirements of the EU
Market Abuse Regulations, provides further detail in respect of the
transaction described above.

 

 1    Details of the person discharging managerial responsibilities / person closely
      associate
 a)   Name                                                         Jim Gibson
 2    Reason for the notification
 a)   Position/status                                              Director
 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")
 b)   Nature of the transaction                                    Grant of awards over Shares under the AFC Energy Plc Save as You Earn Plan

 c)   Price(s) and volume(s)

Price per share  Volume
                                                                   £0.001           52,734

 
 d)   Aggregated Information                                        n/a single transaction

      Volume

      Price
 e)   Date of transaction                                          1 September 2022
 f)   Place of transaction                                         Outside a trading venue

 

d)

Aggregated Information

 

Volume

 

Price

 n/a single transaction

 

e)

Date of transaction

1 September 2022

f)

Place of transaction

Outside a trading venue

 

For further information, please contact:

 AFC Energy plc                                                 +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             +44 (0) 207 418 8900

 Richard Crichton / Tom Ballard / Alexander Allen

 M C Peat & Co LLP - Joint Broker                               +44 (0) 20 7104 2334

 Charlie Peat

 Zeus - Joint Broker                                            +44 (0) 203 829 5000

 Daniel Harris/ 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 (mailto:afcenergy@fticonsulting.com)

 

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