AFC Energy Plc Launch of 2023 SAYE Scheme (8476Q)
23 October 2023 - 10:00PM
UK Regulatory
TIDMAFC
RNS Number : 8476Q
AFC Energy Plc
23 October 2023
23 October 2023
AFC Energy PLC
("AFC Energy" or the "Company")
Launch of 2023 SAYE Scheme
AFC Energy (AIM: AFC), a leading provider of hydrogen power
generation technologies, is pleased to announce that it has
launched the 2023 Save As You Earn Scheme (the "2023 SAYE Scheme")
for all eligible employees.
The SAYE Scheme allows eligible employees to commit to making a
deduction from salary on a monthly basis over three years. At the
end of the three-year period, employees can purchase the Company's
ordinary shares of 0.1 pence each ("Ordinary Shares") at a price of
14.304 pence per Ordinary Share, representing a 20 % discount to
the closing market price of the Ordinary Shares prior to the scheme
being launched on 6 September 2023. The discount is in line with
the limits of the 2023 SAYE Scheme as defined by HMRC.
The Company proposes to use its Block Listing facility in
respect of Ordinary Shares issued pursuant to the 2023 SAYE Scheme
and the prior 2022 SAYE Scheme.
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 / Nick Hennis / Dhruv Soni afcenergy@fticonsulting.com
About AFC Energy
AFC Energy plc is a leading provider of hydrogen energy
solutions, to provide clean electricity for on and off grid power
applications. The Company's fuel cell technology is now deployable
as electric vehicle chargers, off-grid decentralised power systems
for construction and temporary power with emerging opportunities
across maritime, data centres and rail as part of a portfolio
approach to the decarbonisation of society's growing
electrification needs.
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