RNS Number : 6673M
AFC Energy Plc
18 November 2024
 

 

 

18 November 2024

 

 

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, Chief Executive Officer, today purchased 200,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of 9.35 pence per share for 160,000 shares and 9.32 pence per share for 40,000 shares.

 

Following these transactions, Mr. Bullard is now interested in 1,466,667 Ordinary Shares in the capital of the Company, representing 0.17% 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

 

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)

 

Price per share

Volume

9.35 pence

 

9.32 pence

160,000

 

40,000

 

d)

Aggregated Information

 

Volume

 

Price

 

 

Volume: 200,000 ordinary shares

 

Price: as set out above

e)

Date of transaction

18 November 2024

f)

Place of transaction

London Stock Exchange, AIM

 

 

 

For further information, please contact:

 

AFC Energy plc

Gary Bullard (Chief Executive Officer) 

 

+44 (0) 14 8327 6726

investors@afcenergy.com

 

Peel Hunt LLP Nominated Adviser and Joint Broker

Richard Crichton / Georgia Langoulant / Brian Hanratty

 

+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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