7th Feb 2025 07:00
7 February 2025
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 on 6 February 2025:
· John Wilson, Chief Executive Officer of the Company, purchased 250,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of 9.09 pence per share; and
· Sophie Wilson, the spouse of John Wilson, Chief Executive Officer, purchased 275,000 Ordinary Shares at a price of 9.13 pence per share.
· Karl Bostock, Chief Financial Officer of the Company, purchased 250,000 Ordinary Shares at a price of 9.11 pence per share.
Following such transactions, John Wilson is now interested in 525,000 Ordinary Shares in the capital of the Company, representing 0.06% of the Company's issued share capital and Karl Bostock is now interested in 250,000 Ordinary Shares in the capital of the Company, representing 0.03% of the Company's issued share capital.
Further to the Company's announcement dated 3 February 2025, John Wilson has 9,389,671 Ordinary Share options in the Company, representing 1.10% of the Company's issued share capital and Karl Bostock has 5,405,405 Ordinary Share options in the Company, representing 0.63% 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
| John Wilson | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Executive Officer
| ||||
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 0.1 pence each in the Company | ||||
Identification code | ISIN: GB00B18S7B29 | |||||
b)
| Nature of the transaction
| Purchase of Ordinary Shares
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated Information
Volume
Price |
Volume: 250,000 ordinary shares
Price: as set out above | ||||
e) | Date of transaction | 6 February 2025 | ||||
f) | Place of transaction | London Stock Exchange, AIM | ||||
1
| Details of the person discharging managerial responsibilities / person closely associate | |||||
a)
| Name
| Sophie Wilson | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Person Closely Associated with the Company's Chief Executive Officer
| ||||
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 0.1 pence each in the Company | ||||
Identification code | ISIN: GB00B18S7B29 | |||||
b)
| Nature of the transaction
| Purchase of Ordinary Shares
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated Information
Volume
Price |
Volume: 275,000 ordinary shares
Price: as set out above | ||||
e) | Date of transaction | 6 February 2025 | ||||
f) | Place of transaction | London Stock Exchange, AIM | ||||
1
| Details of the person discharging managerial responsibilities / person closely associate | |||||
a)
| Name
| Karl Bostock | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Financial Officer
| ||||
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 0.1 pence each in the Company | ||||
Identification code | ISIN: GB00B18S7B29 | |||||
b)
| Nature of the transaction
| Purchase of Ordinary Shares
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated Information
Volume
Price |
Volume: 250,000 ordinary shares
Price: as set out above | ||||
e) | Date of transaction | 6 February 2025 | ||||
f) | Place of transaction | London Stock Exchange, AIM | ||||
For further information, please contact:
AFC Energy plc John Wilson (Chief Executive Officer)
| +44 (0) 14 8327 6726 |
Peel Hunt LLP - Nominated Adviser and Joint Broker Richard Crichton / Georgia Langoulant / Emily Bhasin |
+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 / Chris Laing / Evie Taylor |
+44 (0) 20 7653 4000
+44 (0) 203 727 1000 |
|
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.
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 industries facing challenges in decarbonisation, such as mining, cement and heavy engineering.
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