AFC Energy Plc Exercise of Options (1429G)
14 March 2020 - 1:36AM
UK Regulatory
TIDMAFC
RNS Number : 1429G
AFC Energy Plc
13 March 2020
13 March 2020
AFC Energy PLC
("AFC Energy" or the "Company")
Exercise of Options
A FC Energy PLC
AFC Energy (AIM: AFC), a leading provider of hydrogen power
generation technologies, announces that application has been made
for 483,332 new ordinary shares of 0.1 pence each in the Company
("Ordinary Shares") to be admitted to trading on AIM pursuant to an
exercise of options under the AFC 2018 Share Option Scheme at an
exercise price of 8 pence per Ordinary Share (the "Options").
The 483,332 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
or around 19 March 2020 ("Admission").
Following Admission, the Company's total issued share capital
will consist of 463,362,144 Ordinary Shares, none of which are held
in treasury. Accordingly, following Admission, the total number of
voting rights in the Company will be 463,362,144. 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.
For further information, please contact:
AFC Energy plc
Adam Bond (Chief Executive Officer) +44 (0) 14 8327 6726
WH Ireland - Nominated Adviser and Joint Broker
M ike 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
Tuva Partners - Public Relations
James Kennedy +44 (0) 7809 495 759
About AFC Energy
AFC Energy plc is commercialising a scalable alkaline fuel cell
system, to provide clean electricity for on and off grid
applications. The technology, pioneered over the past twelve years
in the UK, is now being deployed in electric vehicle chargers,
off-grid decentralised power systems and industrial gas plants as
part of a portfolio approach to the decarbonisation of local
electricity needs.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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