UPDATE: AFC Energy gets more-than-expected GBP23 million from placing
17th Jul 2025 13:59
AFC Energy PLC - Cranleigh, England-based provider of hydrogen power-generation technologies - Raises GBP23 million from a placing and subscription of 230.0 million new shares, above its GBP20 million target. The share offer is priced at 10 pence each and consists of a placing with institutional investors run by Peel Hunt, Zeus, RBC Capital Markets as brokers and a direct subscription from the company by four directors, including Chair Gary Bullard and Chief Executive Officer John Wilson. AFC hopes to raise an additional GBP5 million from an offer to retail investors via the RetailBook platform at the same price. Some of the equity raise is conditional on a vote at a general meeting expected to be held on August 7. Read More