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Director/PDMR Shareholding

27 Mar 2025 10:01

RNS Number : 5033C
AFC Energy Plc
27 March 2025
 

 

 

27 March 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 Elaine Sullivan, the spouse of Gary Bullard, Non-Executive Chairman, purchased 94,343 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of ÂŁ0.06 today.

 

Following these transactions, Mr. Bullard is now interested in 4,000,000 Ordinary Shares in the capital of the Company, representing 0.47% 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

 

Elaine Sullivan

2

 

Reason for the notification

 

a)

 

Position/status

 

Person Closely Associated with the Company's Non-Executive Chairman

 

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)

 

Price per share

Volume

ÂŁ0.06

 

94,343

 

d)

Aggregated Information

 

Volume

 

Price

 

 

Volume: 94,343 ordinary shares

 

Price: as set out above

e)

Date of transaction

27 March 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

investors@afcenergy.com

 

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

afcenergy@fticonsulting.com

 

 

 

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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