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AFC ENERGY PLC
Share Issue/Capital Change • Jun 29, 2021
7470_rns_2021-06-29_5197b8db-876c-40fe-9e54-4424507b8355.html
Share Issue/Capital Change
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National Storage Mechanism | Additional information 
RNS Number : 3882D
AFC Energy Plc
29 June 2021
29 June 2021
AFC Energy plc
("AFC Energy" or the "Company")
Issue of Equity
Total voting rights
Grant of Options
AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, announces that application has been made for 1,500,000 new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") to be admitted to trading on AIM pursuant to the exercise of warrants which have an exercise price of 18.5 pence.
The 1,500,000 new Ordinary Shares will rank pari passu with the Company's existing ordinary share capital and application has been made to the London Stock Exchange for the new Ordinary Shares to be admitted to trading which is expected to commence at 8.00 a.m. on 30 June 2021 ("Admission").
Following Admission, the Company's total issued share capital will consist of 734,378,000 Ordinary Shares, none of which are held in treasury. Accordingly, following Admission, the total number of voting rights in the Company will be 734,378,000. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The Company also announces that it has today agreed to grant options over 1,600,000 Ordinary Shares (the "Options"). These options have been granted to participating employees under the rules of the AFC Energy 2018 Employee Share Option Plan (the "Plan").
No director has been granted options.
The purpose of the Plan is to attract, recruit and retain staff and align them with stakeholders' objectives. The Options are exercisable at a price of 64.7 pence per share and will vest between the 28 June 2024 and 17 August 2024 and expire on 28 June 2031.
The information below, sets out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Mike Rendall | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Engineer and Product 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 0.1p each | |||
| Identification code | GB00B18S7B29 | ||||
| b) | Nature of the transaction | Grant of options | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| Grant of shares options | £0.647 | 500,000 | |||
| d) | Aggregated information | ||||
| - Aggregated volume | 500,000 shares | ||||
| - Price | £0.647 | ||||
| e) | Date of the transaction | 28 June 2021 | |||
| f) | Place of the transaction | London Stock Exchange, AIM |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | David Harvey | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Technology 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 0.1p each | |||
| Identification code | GB00B18S7B29 | ||||
| b) | Nature of the transaction | Grant of options | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| Grant of shares options | £0.647 | 500,000 | |||
| d) | Aggregated information | ||||
| - Aggregated volume | 500,000 shares | ||||
| - Price | £0.647 | ||||
| e) | Date of the transaction | 28 June 2021 | |||
| f) | Place of the transaction | London Stock Exchange, AIM |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Mark Bailey | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Commercial 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 0.1p each | |||
| Identification code | GB00B18S7B29 | ||||
| b) | Nature of the transaction | Grant of options | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| Grant of shares options | £0.647 | 500,000 | |||
| d) | Aggregated information | ||||
| - Aggregated volume | 500,000 shares | ||||
| - Price | £0.647 | ||||
| e) | Date of the transaction | 28 June 2021 | |||
| f) | Place of the transaction | London Stock Exchange, AIM |
-ENDS-
For further information, please contact:
AFC ENERGY AND ADVISORS
| AFC Energy plc Adam Bond (Chief Executive Officer) Graeme Lewis (Chief Financial Officer) Iain Thomson (Head of Communications & Stakeholder Management) |
+44 (0) 14 8327 6726 [email protected] |
| WH Ireland - Nominated Adviser and Joint Broker Mike Coe (Corporate Finance) Jasper Berry (Corporate Broking) |
+44 (0) 117 945 3470 |
| M C Peat & Co LLP - Joint Broker Charlie Peat |
+44 (0) 20 7104 2334 |
| Zeus Capital Limited - Joint Broker Daniel Harris (Corporate Finance) John Goold/Dominic King (Corporate Broking) |
+44 (0) 203 829 5000 |
| FTI Consulting - PR Advisors Sara Powell / Ben Brewerton |
+44 (0) 203 727 1000 [email protected] |
About AFC Energy plc
AFC Energy plc is a leading provider of hydrogen fuel cell power systems to generate clean energy in support of the global energy transition.
Based in the UK, the Company's scalable systems provide off-grid, zero emission power that are already being deployed for rapid electric vehicle charging and the replacement of diesel generators for temporary power applications.
AFC Energy is also working with global partners in the deployment of products for the Maritime, Ports, Data Centres and Rail industries, emphasising the central role of its technology in the decarbonisation of global industry.
Afcenergy.com
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