AFC ENERGY PLC

Director's Dealing • Apr 28, 2023

National Storage Mechanism | Additional information

RNS Number : 7882X

AFC Energy Plc

28 April 2023

AFC Energy Plc

28 April 2023

AFC Energy Plc

("AFC Energy" or the "Company")

Director / PDMR Grant of options

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, has granted options over 500,000 ordinary shares of 0.1 pence each (the "Options") to Peter Dixon-Clarke, Chief Financial Officer of the Company as agreed at the time of his appointment. The Options are exercisable at 18.80 pence each, being the mid market closing price on 26 April 2023 and vest on the third anniversary of their award. There are no other vesting conditions attached to the Options.

Following this transaction Peter Dixon-Clarke has a total of 500,000 Options.

The Company has 735,351,171 Ordinary Shares in issue, none of which are held in treasury.

For further information, please contact:

AFC Energy plc Adam Bond (Chief Executive Officer)	+44 (0) 14 8327 6726 investors@afcenergy.com
Peel Hunt LLP - Nominated Adviser and Joint Broker Richard Crichton / Tom Ballard / Georgia Langoulant	+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
FTI Consulting - Financial PR Advisors Ben Brewerton / Nick Hennis / Dhruv Soni	+44 (0) 203 727 1000 afcenergy@fticonsulting.com

Notification of Dealing Form:

1

Details of the person discharging managerial responsibilities / person closely associate

a)

Name

Peter Dixon-Clarke

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

Options for Ordinary Shares of 0.1 pence each

Identification code

ISIN: GB00B18S7B29

b)

Nature of the transaction

Grant of options

c)

Price(s) and volume(s)

Price	Volume
18.80 pence	500,000

d)

Aggregated Information

Volume

Price

n/a - as in above (c)

e)

Date of transaction

27 April 2023

f)

Place of transaction

(i)         Outside a trading venue

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