AFC Energy Plc Director Share Options
13 May 2024 - 11:35PM
RNS Regulatory News
RNS Number : 2207O
AFC Energy Plc
13 May 2024
13 May 2024
AFC Energy
PLC
("AFC
Energy" or the "Company")
Director Share
Options
AFC Energy (AIM: AFC) announces an
amendment to its existing share option agreement with CEO Adam Bond
in respect of 6,000,000 share options (the "Share Options"), dated
July 2015 (the "Share Option Agreement"). The period in which Adam
Bond may exercise such Share Options is due to expire on 17 July
2025 and the Company considers it desirable to extend the expiry
date to 17 July 2028 and as of today, the Share Option Agreement
has been amended accordingly. All other terms of the Share Option
Agreement remain unchanged.
The total 13,172,269 options
currently held by Mr Bond represent approximately 1.76 per cent. of
the Company's existing issued share capital.
For
further information, please contact:
|
AFC Energy plc
Gerry Agnew (Chair of Remuneration
Committee)
|
+44 (0) 14
8327 6726
investors@afcenergy.com
|
|
Peel Hunt LLP - Nominated
Adviser and Joint Broker
Richard Crichton / Georgia
Langoulant / Brian Hanratty
|
+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
|
|
RBC Capital Markets - Joint
Broker
Matthew Coakes / Teri Su
Eduardo Famini / Jack
Wood
FTI Consulting - Financial
PR Advisors
Ben Brewerton / Tilly Abraham / Evie
Taylor
|
+44 (0) 20
7653 4000
+44 (0)
203 727 1000
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 targeting near term commercial deployment across the
construction and temporary power markets with longer term
opportunities in electric vehicle charging, maritime and data
centres as part of a portfolio approach to the decarbonisation of
society's growing electrification needs. The Company's
proprietary ammonia cracking technology further highlights emerging
opportunities across the distributed hydrogen production market
with a focus on hydrogen's role in supporting the decarbonisation
of hard to abate industries.
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