REG - AFC Energy Plc Schroders PLC - Holding(s) in Company <Origin Href="QuoteRef">AFEN.L</Origin> <Origin Href="QuoteRef">SDR.L</Origin>
RNS Number : 2134ZAFC Energy Plc13 March 201713 March 2017
AFC Energy PLC
("AFC Energy" or the "Company")
Notification of Major Interest in Shares - Schroders
AFC Energy (AIM: AFC), the industrial fuel cell power company, is pleased to confirm receipt of a "TR-1 - Notification of Major Interest in Shares" from Schroders Investment Management Ltd ("Schroders") notifying the Company of Schroder's new 8.441% interest in AFC Energy. Schroders were the largest single investor in the Company's recent 6m placement with a 3.3m investment in AFC Energy.
Adam Bond, AFC Energy's Chief Executive Officer, said: "We are delighted to welcome onto AFC Energy's shareholder register one of the UK's largest and most well regarded and respected institutional investors. This investment signifies confidence in the business and its strategy, further demonstrating the material technical and commercial progress AFC Energy is making, together with the pipeline of projects we continue to progress and hope to consolidate throughout the course of 2017."
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 demonstrated an alkaline fuel cell system, 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:ww.afcenergy.com
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:iiAFC Energy plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
Type 1 disclosure as per Transparency Directive II Regulation
3. Full name of person(s) subject to the
notification obligation:iiiSchroders plc & Schroder Investment Management Limited
4. Full name of shareholder(s)
(if different from 3.):iv
5. Date of the transaction and date on
which the threshold is crossed or
reached:v09.03.17
6. Date on which issuer notified:
10.03.17
7. Threshold(s) that is/are crossed or
reached: vi, viiAbove 5%
8. Notified details:
A: Voting rights attached to sharesviii, ix
Class/type of
shares
if possible using
the ISIN CODESituation previous
to the triggering
transactionResulting situation after the triggering transaction
Number
of
SharesNumber
of
Voting
RightsNumber
of sharesNumber of voting
rights% of voting rights x
Direct
Direct xi
Indirect xii
Direct
Indirect
Ordinary
GB00B18S7B29
Below 5%
Below 5%
33,000,000
N/A
33,000,000
N/A
8.441%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial
instrumentExpiration
date xiiiExercise/
Conversion Period xivNumber of voting
rights that may be
acquired if the
instrument is
exercised/ converted.% of voting
rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial
instrumentExercise price
Expiration date xvii
Exercise/
Conversion period xviiiNumber of voting rights instrument refers to
% of voting rights xix, xx
Nominal
Delta
Total (A+B+C)
Number of voting rights
Percentage of voting rights
33,000,000
8.441%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxiSchroder Investment Management Limited 33,000,000 8.441%
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease
to hold:
12. Date on which proxy holder will cease to hold
voting rights:
13. Additional information:The shares referred to in section 9 are held in portfolios managed by those firms on a discretionary basis for clients under investment management agreements. This disclosure has been calculated based on issue share capital amount 390,948,205.
14. Contact name:
Chloe Talbot
15. Contact telephone number:
020 7658 6000
This information is provided by RNSThe company news service from the London Stock ExchangeENDHOLBLLLFDXFBBBD
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