AFC ENERGY PLC

Director's Dealing • Nov 18, 2024

National Storage Mechanism | Additional information

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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