Director/PDMR Shareholding

H-Power

07/05/2025 11:43

RNS Number : 7108H

AFC Energy Plc

07 May 2025

 

 

 

7 May 2025

 

 

AFC Energy PLC

("AFC Energy" or the "Company")

 

 

Director/PDMR Shareholding

 

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, confirms that Gary Bullard, Non-Executive Chairman, today purchased 49,343 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of 9.62 pence and Sophie Wilson, the spouse of John Wilson, Chief Executive Officer, today purchased 304,617 Ordinary Shares at a price of 10.22 pence.

 

Following the above transactions:

 

(i)            Gary Bullard is now interested in 4,205,000 Ordinary Shares in the capital of the Company, representing 0.49% of the Company's issued share capital; and

(ii)           John Wilson is now interested in 2,742,997 Ordinary Shares in the capital of the Company, representing 0.32% of the Company's issued share capital.

 

The following notification, made pursuant to Article 19(3) of the Market Abuse Regulation, provides further details.

 

 

1
Details of the person discharging managerial responsibilities / person closely associate
a)
Name
Gary Bullard
2
Reason for the notification
a)
Position/status
Non-Executive Chairman
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
Identification code
ISIN: GB00B18S7B29
b)
Nature of the transaction
Purchase of Ordinary Shares
c)
Price(s) and volume(s)
Volume
Price
49,343
9.62 pence
d)
Aggregated Information
Volume
Price
Volume: 49,343 ordinary shares
Price: as set out above
e)
Date of transaction
7 May 2025
f)
Place of transaction
London Stock Exchange, AIM

 

 

1
Details of the person discharging managerial responsibilities / person closely associate
a)
Name
Sophie Wilson
2
Reason for the notification
a)
Position/status
Person Closely Associated with the Company's Chief Executive Officer
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
Identification code
ISIN: GB00B18S7B29
b)
Nature of the transaction
Purchase of Ordinary Shares
c)
Price(s) and volume(s)
Volume
Price
304,617
10.22 pence
d)
Aggregated Information
Volume
Price
Volume: 304,617 ordinary shares
Price: as set out above
e)
Date of transaction
7 May 2025
f)
Place of transaction
London Stock Exchange, AIM

 

 

For further information, please contact:

 

AFC Energy plc
John Wilson (Chief Executive Officer)
Karl Bostock (Chief Financial Officer)
+44 (0) 14 8327 6726
investors@afcenergy.com
Peel Hunt LLP- Nominated Adviser and Joint Broker
Richard Crichton / Georgia Langoulant / Emily Bhasin
+44 (0) 207 418 8900
Zeus- Joint Broker
David Foreman / James Hornigold (Investment Banking)
Dominic King (Corporate Broking) / Rupert Woolfenden (Sales)
+44 (0) 203 829 5000
RBC Capital Markets -Joint Broker
Matthew Coakes / Teri Su
Eduardo Famini / Jack Wood
FTI Consulting - Financial PR Advisors
Ben Brewerton / Chris Laing / Evie Taylor
+44 (0) 20 7653 4000
+44 (0) 203 727 1000
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.

 

The Company's proprietary ammonia cracking technology further highlights emerging opportunities across the distributed hydrogen production market with a focus on hydrogen's role in supporting industries facing challenges in decarbonisation, such as mining, cement and heavy engineering.

 

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