AFC Energy Plc Exercise of Share Options and Total Voting Right (5243T)
25 July 2022 - 4:00PM
UK Regulatory
TIDMAFC
RNS Number : 5243T
AFC Energy Plc
25 July 2022
25 July 2022
AFC Energy Plc
("AFC Energy" or the "Company")
Exercise of Share Options and Total Voting Right
AFC Energy (AIM: AFC) (the "Company") , announces the following
share transaction carried out by a Director and person discharging
managerial responsibilities (PDMRs) on 21 July 2022.
Adam Bond (Chief Executive Officer) was previously granted
2,250,000 nil cost options under a transitional award of the
Performance Share Plan. At 30 March 2022, 583,169 ordinary shares
were deemed to have vested, all of which are now being exercised
and shall be retained, with all costs and income taxes arising from
the transaction being borne by the beneficiary.
541,831 options under the 2022 transitional award performance
test have lapsed.
An application has been made for 583,169 new ordinary shares of
0.1 pence each in the Company (the "New Ordinary Shares") to be
admitted to trading on AIM. The New Ordinary Shares will rank pari
passu with the Company's existing ordinary shares and it is
expected that admission will occur at 8.00 a.m. on 28 July
2022.
Options Shares Weighted Sale price Options Current
exercised sold average remaining shareholding
exercise after exercise
price
2022 PSP
transitional
award vesting 583,169 0 0 n/a 1,125,000 583,169
----------- ------- ---------- ----------- ---------------- --------------
As at 25 July 2022, the Company's issued share capital comprised
of 735,237,837 Ordinary Shares, with one voting right per share.
The Company does not hold any Ordinary Shares in treasury. The
total number of Ordinary Shares and voting rights in the Company is
therefore 735,237,837.
This figure may be used by shareholders in the Company as the
denominator for the calculations by which the will determine if
they are required to notify their interest in, or a change to their
interest in, the share capital of the Company.
For further information, please contact:
AFC Energy plc
Gerry Agnew (Chairman Remuneration Committee) +44 (0) 14 8327 6726
Ben Bradshaw (Head of Marketing) investors@afcenergy.com
Peel Hunt LLP - Nominated Adviser and
Joint Broker
Richard Crichton / Tom Ballard / Alexander
Allen +44 (0) 207 418 8900
M C Peat & Co LLP - Joint Broker
Charlie Peat +44 (0) 20 7104 2334
Zeus - Joint Broker
Daniel Harris/ James Hornigold (Investment
Banking)
Dominic King (Corporate Broking) / Rupert
Woolfenden (Sales) +44 (0) 203 829 5000
FTI Consulting - Financial PR Advisors +44 (0) 203 727 1000
Ben Brewerton / Nick Hennis / Dhruv Soni afcenergy@fticonsulting.com
Notification of Dealing Form:
1 Details of the person discharging managerial responsibilities
/ person closely associate
a) Name Adam Bond
---------------------------- ------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status CEO
---------------------------- ------------------------------------------
b) Initial notification Initial notification
/Amendment
---------------------------- ------------------------------------------
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 Ordinary Shares of 0.1 pence each in the
the financial instrument, Company ("Shares")
type of instrument
Identification ISIN: GB00B18S7B29
code
b) Nature of the transaction Exercise of nil cost share options under
the Performance Share Plan.
---------------------------- ------------------------------------------
c) Price(s) and volume(s) Price per Volume
share
GBP0.001 583,169
---------
---------------------------- ------------------------------------------
d) Aggregated Information n/a single transaction
Volume
583,170
Exercise price
---------------------------- ------------------------------------------
e) Date of transaction 21 July 2022
---------------------------- ------------------------------------------
f) Place of transaction London Stock Exchange
---------------------------- ------------------------------------------
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