Last checked at 10 Aug 2012 15:04
August 10, 2012
AFC Energy PLC
("AFC Energy" or the "Company")
Director Shareholding
AFC Energy (AIM: AFC) announces that it has been notified that Mitchell Field, a Non-Executive Director of the Company has today (10th August 2012) transferred 65,217 ordinary shares of 0.1p each in the Company to his godson for nil consideration. These shares were acquired in the IPO in April 2007 by Mr Field on behalf of, and with funds provided by, his godson and have been held in trust since that time. Following this transfer, Mr Field has a total beneficial interest in 2,144,810 ordinary shares, equivalent to 1.16 per cent. of AFC's issued share capital.
Ends
For further information, please contact:
AFC Energy plc Ian Williamson, Chief Executive David Marson, Finance Director
| +44 (0)1483 276726 |
Luther Pendragon - PR Neil Thapar Leigh Marshall Alexis Gore |
+44 (0)20 7618 9100 |
MC Peat & Co. - Broker Charlie Peat | +44 (0)20 7104 2334 |
Allenby Capital - Nominated Adviser Jeremy Porter/James Reeve | +44 (0)20 3328 5656 |
About AFC Energy
Founded in 2006, AFC Energy plc is re-engineering proven alkaline fuel cell technology to reduce the cost of electricity. Alkaline fuel cells have been used on US and Russian manned space missions for decades to provide electrical power and drinking water. By using modern materials, design tools and manufacturing processes at scale, AFC Energy is developing fuel cells that will compete with conventional technologies such as turbines for electrical power generation. Today, AFC Energy is pursuing opportunities in several sectors where hydrogen is readily available including the chlorine, clean coal and waste-to-energy industries as well as applications for distributed/back-up power. For further information, please visit our website: www.afcenergy.com.