TIDMAFC

RNS Number : 0492L

AFC Energy Plc

16 April 2018

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

16 April 2018

AFC Energy PLC

("AFC Energy" or the "Company")

PDMR Shareholding

AFC Energy (AIM: AFC), the industrial fuel cell power company, announces that Richard Dunkley, Chief Financial Officer designate of the Company, acquired 270,144 ordinary shares of 0.1 pence each ("Ordinary Shares") at an average price of 11.10 pence per share on 13 April 2018.

Following the transaction, Richard Dunkley is interested in a total of 270,144 Ordinary Shares in the Company, representing 0.07% of the total issued share capital of the Company.

For further information, please contact:

 
AFC Energy plc 
 Adam Bond (Chief Executive Officer)                              +44 (0) 20 3697 1209 
Cantor Fitzgerald Europe - Nominated Adviser and Joint Broker 
 David Foreman 
 Richard Salmond                                                  +44 (0) 20 7894 7000 
M C Peat & Co LLP - Joint Broker 
 Charlie Peat                                                     +44 (0) 20 7104 2334 
 
Lionsgate Communications - Public Relations 
 Jonathan Charles                                                 +44 (0) 20 3697 1209

About AFC Energy

AFC Energy plc has developed and successfully demonstrated an alkaline fuel cell system, which converts hydrogen into "clean" electricity. AFC Energy's key project POWER-UP demonstrated the world's largest operational alkaline fuel cell system at Air Products' industrial gas plant in Stade, Germany. The Company is now looking to build upon an already established pipeline of commercial opportunities and drive the findings from the development phase of the technology into a technically optimised and commercially relevant fuel cell system. For further information, please visit our website: www.afcenergy.com

Appendix - PDMR Dealing Disclosure:

 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------------------- 
 a)   Name                             Richard Dunkley 
---  -------------------------------  ------------------------------------ 
 2.   Reason for the Notification 
---  --------------------------------------------------------------------- 
 a)   Position/status                  Chief Financial Officer designate 
---  -------------------------------  ------------------------------------ 
 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                      Ordinary Shares of 0.1 pence 
       of the Financial                 each 
       instrument, 
       type of instrument 
--- 
      Identification                   GB00B18S7B29 
       code 
---  -------------------------------  ------------------------------------ 
 b)   Nature of                        Purchase of shares 
       the transaction 
---  -------------------------------  ------------------------------------ 
 c)   Price(s) and                      Price(s)      Volume(s) 
       volume(s)                        ------------  ----------------- 
                                         11.40 pence   87,614 (bought) 
                                        ------------  ----------------- 
                                         10.95 pence   182,530 (bought) 
                                        ------------  ----------------- 
---  -------------------------------  ------------------------------------ 
 d)   Aggregated                       270,144 ordinary shares of 
       information:                     0.1 pence each ("Ordinary Shares") 
        *    Aggregated volume          at an average price of 11.10 
                                        pence per share 
 
        *    Price 
---  -------------------------------  ------------------------------------ 
 e)   Date of the                      13 April 2018 
       transaction 
---  -------------------------------  ------------------------------------ 
 f)   Place of the                     London Stock Exchange, AIM 
       transaction                      Market (XLON) 
---  -------------------------------  ------------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUNOARWAASAAR

(END) Dow Jones Newswires

April 16, 2018 07:32 ET (11:32 GMT)

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