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Share Price: 16.92

Bid: 16.90

Ask: 17.18

Change: 0.44 (2.67%)

Spread: 0.28 (1.657%)

Open: 16.62

High: 17.66

Low: 16.48

Prev. Close: 16.48

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AFC Energy Outlines Scale Back For Open Offer Applications (ALLISS)

Fri, 22nd Jan 2016 08:38

LONDON (Alliance News) - AFC Energy PLC on Friday confirmed the scale back of applications it would provide to investors involved in its over-subscribed open offer.

AFC said on Monday it had received 20.5 million applications to subscribe for shares in the open offer, despite only 5.6 million being on offer. The company has raised GBP1.1 million by issuing 5.6 million shares at 20.0 pence.

On Friday, the industrial fuel cell company said subscribers would get around 26% of the shares they applied for.

AFC shares were up 9.6% to 25.75 pence early Friday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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4 Dec 2023 17:33

TRADING UPDATES: 600 Group disposal and funding talks continue

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

17 Nov 2023 11:58

IN BRIEF: AFC Energy buys UK hydrogen assets from Octopus Energy

AFC Energy PLC - Surrey, England-based provider of hydrogen-powered generator technology - Acquires "certain" UK mobile hydrogen storage and distribution assets from Octopus Hydrogen, part of Octopus Energy Ltd, for an undisclosed sum. Says these assets provide immediate logistics capability to supply hydrogen fuel to its growing network of H-Power Generators across the UK, and strengthen its leading position as the dominant UK hydrogen supplier "to support industry's transition to a sustainable off-grid power solution". Acquisition includes two NanoSun Pioneer mobile hydrogen refuelling stations and a hydrogen compressor for refilling. AFC says the assets will support Speedy Hydrogen Solutions, its recently announced joint venture with Speedy Hire. Adds that it does not intend to become a "capital intensive" provider but that early investment in well-priced assets will enable it to derive incremental revenue and support the maturing hydrogen generator market.

17 Nov 2023 09:42

AFC Energy acquires mobile hydrogen assets from Octopus

(Sharecast News) - AFC Energy announced an agreement to acquire certain mobile hydrogen storage and distribution assets in the UK on Friday from Octopus Hydrogen, part of the Octopus Energy Group.

15 Nov 2023 12:23

AFC Energy and Speedy Hire launch hydrogen generator joint venture

(Alliance News) - Speedy Hire PLC and AFC Energy PLC on Wednesday announced the launch of joint-venture Speedy Hydrogen Solutions Ltd, dedicated to the hire of hydrogen powered generator plants.

23 Oct 2023 11:42

AFC Energy achieves new milestone for its ammonia cracking technology

(Alliance News) - AFC Energy PLC on Monday said it achieved a new milestone as its ammonia cracking technology achieved 99.99% hydrogen from single reactor testing.

23 Oct 2023 07:29

AFC Energy hails successful testing of ammonia cracker tech

(Sharecast News) - Hydrogen power generation technologies group AFC Energy has reached a new milestone with its new ammonia cracking technology, with testing proving its ability to deliver fuel cell grade hydrogen "on a modular, scalable basis".

4 Sep 2023 12:09

AFC Energy inks deal to sell hydrogen generators in Saudi Arabia

(Alliance News) - AFC Energy PLC on Monday said it reached an exclusive distribution agreement with Saudi Arabian vendor Tamgo for its hydrogen-fuelled 'H-Power' generators.

31 Jul 2023 14:08

EARNINGS SUMMARY: National World profit down; AFC Energy revenue down

Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

28 Jul 2023 11:47

LONDON MARKET MIDDAY: FTSE 100 treads water on blue chip earnings

(Alliance News) - Stock prices in London were mixed at midday on Friday, after a busy week of earnings comes to an end.

28 Jul 2023 11:21

AFC Energy and Speedy Hire team up on hydrogen plant joint venture

(Alliance News) - AFC Energy PLC and Speedy Hire PLC on Friday announced the launch of a hydrogen powered generator plant hire business.

28 Jul 2023 10:46

AIM WINNERS & LOSERS: WH Ireland plummets on emergency fundraise

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

28 Jul 2023 10:17

AFC Energy inks joint venture with Speedy Hire

(Sharecast News) - Hydrogen generator technology company AFC Energy announced on Friday that it has joined forces with Speedy Hire to introduce a dedicated hydrogen-powered generator plant hire business.

26 Jul 2023 14:18

TRADING UPDATES: NewRiver hails performance; AFC Energy gets grant

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

18 Jul 2023 17:30

TRADING UPDATES: Great Southern Copper identifies high-grade copper

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

6 Jun 2023 12:33

IN BRIEF: AFC says Jim Gibson resigns as chief operating officer

AFC Energy PLC - Surrey, England-based provider of hydrogen power generation technologies - Says Jim Gibson intends to step down from his role as executive director from June 9, and as chief operating officer at the conclusion of his contractual notice period.

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