TIDMAFC

RNS Number : 6589I

AFC Energy Plc

08 August 2023

8 August 2023

AFC Energy PLC

("AFC Energy" or the "Company")

Director / PDMR Shareholding

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, confirms that Gary Bullard, non-executive chairman, purchased 50,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") in his wife's name at a price of 15.34 pence per share today.

Following these transactions, Mr. Bullard is now interested in 465,000 ordinary shares in the capital of the Company, representing 0.06% of the Company's issued share capital.

The following notification, made pursuant to Article 19(3) of the Market Abuse Regulation, provides further details.

 
  1     Details of the person discharging managerial responsibilities 
         / person closely associate 
  a)    Name                          Gary Bullard 
      ----------------------------  ------------------------------------------ 
  2     Reason for the notification 
      ------------------------------------------------------------------------ 
  a)    Position/status               Non-Executive Chairman 
      ----------------------------  ------------------------------------------ 
  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 
         type of instrument 
        Identification                ISIN: GB00B18S7B29 
         code 
 
  b)    Nature of the transaction     Purchase of shares 
      ----------------------------  ------------------------------------------ 
  c)    Price(s) and volume(s)           Price per       Volume 
                                           share 
                                          15.34 pence     50,000 
                                                        -------- 
      ----------------------------  ------------------------------------------ 
  d)    Aggregated Information 
 
         Volume                         Volume: 50,000 ordinary shares 
 
         Price                          Price: 15.34 pence 
      ----------------------------  ------------------------------------------ 
  e)    Date of transaction           8 August 2023 
      ----------------------------  ------------------------------------------ 
  f)    Place of transaction          (i) London Stock Exchange, AIM 
      ----------------------------  ------------------------------------------

For further information, please contact:

 
 AFC Energy plc                                   +44 (0) 14 8327 6726 
  Adam Bond (Chief Executive Officer)              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           +44 (0) 203 727 1000 
   Ben Brewerton / Dhruv Soni                       afcenergy@fticonsulting.com

Notification of Dealing Form:

About AFC Energy

AFC Energy plc is deploying its hydrogen fuel cell systems to provide clean electricity for on and off grid power needs. The technology, pioneered over the past twelve years in the UK, is now deployable to support the electrification of electric vehicle chargers, off-grid decentralised power systems and data centre back up applications with emerging opportunities across maritime and rail as part of a portfolio approach to the decarbonisation of local electricity needs. The Company also offers customers a flexibility in sourcing lowest cost hydrogen through a "flexible fuel" strategy incorporating hydrogen carrier fuels such as ammonia and methanol and associated fuel conversion technologies.

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END

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August 08, 2023 05:41 ET (09:41 GMT)

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