13th Nov 2019 14:41
13 November 2019
AFC Energy plc
("AFC Energy" or "the Company")
Director Dealing
AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, has received notice that on 12 November 2019, Mr. John Rennocks, Non-Executive Chairman, purchased 114,044 Ordinary Shares of 0.1 pence at a price of 10.199 pence per share.
Following this transaction Mr. Rennocks has interests in 114,044 Ordinary Shares, representing 0.025% of the Company's issued share capital.
The Company has 447,987,790 Ordinary Shares in issue, none of which are held in treasury.
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| John Rennocks | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Non-Executive Chairman | |||
b)
| Initial notification /Amendment
| Initial Notification | |||
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 the financial instrument, type of instrument | Ordinary Shares of 0.1p each | |||
Identification code | GB00B18S7B29 | ||||
b)
| Nature of the transaction
| Purchase of shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Purchase of shares
| 10.199p | 114,044 |
| ||
d)
| Aggregated information | ||||
- Aggregated volume | 114,044 shares | ||||
- Price | £14,691 | ||||
e)
| Date of the transaction
| 12 November 2019 | |||
f)
| Place of the transaction | London Stock Exchange, AIM | |||
For further information, please contact:
AFC Energy plc Adam Bond (Chief Executive Officer) | +44 (0) 1483 276 726 |
WH Ireland - Nominated Adviser and Joint Broker Mike Coe | +44 (0) 117 945 3470 |
M C Peat & Co LLP - Joint Broker Charlie Peat | +44 (0) 20 7104 2334 |
Tuva Partners - Public Relations James Kennedy | +44 (0) 7809 495 759
|
About AFC Energy
AFC Energy plc is commercialising a scalable alkaline fuel cell system, to provide clean electricity for on and off grid applications. The technology, pioneered over the past twelve years in the UK, is now being deployed in electric vehicle chargers, off-grid decentralised power systems and industrial gas plants as part of a portfolio approach to the decarbonisation of local electricity needs.
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