Less Ads, More Data, More Tools Register for FREE

DIRECTOR DEALINGS: AFC Energy Non-Executives Take Part In Placing

Mon, 21st Dec 2015 10:04

LONDON (Alliance News) - AFC Energy PLC on Monday said two of its non-executive directors subscribed for shares as part of its share placing on Thursday.

Eugene Shvidler and Mitchell Field subscribed for 579,104 shares and 250,000 shares, respectively. The acquisition takes their shareholdings to 14.4 million and 2.9 million shares, equating to 4.77% and 0.9% of issued shares, respectively.

AFC Energy on Thursday said it had raised GBP2.5 million through a subscription and said it may raise a further GBP1.1 million through a further share offer.

The fuel cell power technology company said it raised the GBP2.5 million by issuing 12.4 million new shares in the company for 20.0 pence each, representing a 29% discount to the company's closing share price Wednesday.

AFC shares were down 2.2% at 22.98p Monday.

By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

Copyright 2015 Alliance News Limited. All Rights Reserved.

Related Shares

More News
12 Jun 2024 16:41

EARNINGS AND TRADING: Distil loss widens; Genflow welcomes grant

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

11 Jun 2024 18:51

IN BRIEF: AFC Energy's placing and subscription oversubscribed

AFC Energy PLC - Cranleigh, England-based provider of hydrogen power generation technologies - Raises GBP13.8 million by way of an oversubscribed plac...

10 Jun 2024 17:28

IN BRIEF: AFC Energy touts fundraise to fast track H-Power delivery

AFC Energy PLC - Cranleigh, England-based provider of hydrogen power generation technologies - Announces proposed fundraising via placing of shares an...

29 May 2024 15:45

EXECUTIVE CHANGES: Resolute Mining hires former Acacia exec as chair

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and Wednesday and not separat...

20 May 2024 14:44

AFC Energy inks deal to supply fuel cells to Niftylift

(Sharecast News) - Hydrogen power generation technology developer AFC Energy announced an agreement to supply its S Series fuel cell modules to Niftyl...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.