RE: Fund Raise23 Mar 2020 08:10
23 March 2020
AFC Energy plc
("AFC Energy" or "the Company")
Subscription of 14,000,000 Ordinary Shares to raise ยฃ1,400,000
AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce that it has raised ยฃ1,400,000 before expenses from an existing institutional shareholder by way of a subscription of 14,000,000 ordinary shares of 0.1 pence each ("Ordinary Shares") at 10 pence per Ordinary Share (the "Issue Price") ("the Subscription Shares") (the "Subscription").