7 February 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
on 6 February 2025:
· John
Wilson, Chief Executive Officer of the Company, purchased 250,000
ordinary shares of 0.1 pence each in the Company ("Ordinary
Shares") at a price of 9.09 pence per share; and
· Sophie
Wilson, the spouse of John Wilson, Chief Executive Officer,
purchased 275,000 Ordinary Shares at a price of 9.13 pence per
share.
· Karl
Bostock, Chief Financial Officer of the Company, purchased 250,000
Ordinary Shares at a price of 9.11 pence per share.
Following such transactions, John
Wilson is now interested in 525,000 Ordinary Shares in the capital
of the Company, representing 0.06% of the Company's issued share
capital and Karl Bostock is now interested in 250,000 Ordinary
Shares in the capital of the Company, representing 0.03% of the
Company's issued share capital.
Further to the Company's
announcement dated 3 February 2025, John Wilson has
9,389,671 Ordinary Share options in the Company,
representing 1.10% of the Company's issued share capital and Karl
Bostock has 5,405,405 Ordinary Share
options in the Company, representing 0.63% 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
|
John Wilson
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
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
|
|
9.09 pence
|
250,000
|
|
|
d)
|
Aggregated Information
Volume
Price
|
Volume: 250,000 ordinary
shares
Price: as set out above
|
|
e)
|
Date of transaction
|
6 February 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)
|
|
Price per share
|
Volume
|
|
9.13 pence
|
275,000
|
|
|
d)
|
Aggregated Information
Volume
Price
|
Volume: 275,000 ordinary
shares
Price: as set out above
|
|
e)
|
Date of transaction
|
6 February 2025
|
|
f)
|
Place of transaction
|
London Stock Exchange,
AIM
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associate
|
|
a)
|
Name
|
Karl Bostock
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Financial 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
|
|
9.11 pence
|
250,000
|
|
|
d)
|
Aggregated Information
Volume
Price
|
Volume: 250,000 ordinary
shares
Price: as set out above
|
|
e)
|
Date of transaction
|
6 February 2025
|
|
f)
|
Place of transaction
|
London Stock Exchange,
AIM
|
For
further information, please contact:
|
AFC
Energy plc
John Wilson (Chief Executive
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.
