Last checked at 2 Sep 2022 12:30
2 September 2022
AFC Energy plc
("AFC" or the "Company")
Launch of SAYE scheme and Director Dealing
AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce that it has launched the 2022 Save As You Earn Scheme (the "SAYE" Scheme) for all eligible employees.
The SAYE scheme allows eligible employees to commit to making a deduction from salary on a monthly basis over three years. At the end of the three-year period, employees can purchase the Company's ordinary shares of 0.1 pence each ("Ordinary Shares") at a price of 20.48 pence per Ordinary Share, representing a 20 % discount to the closing market price of the Ordinary Shares prior to the scheme being launched on 3 August 2022. The discount is in line with the limits of the SAYE scheme as defined by HMRC.
The following Persons Discharging Managerial Responsibilities ("PDMRs") have chosen to participate in the 2022 SAYE Scheme:
Name | Director/PDMR | Monthly deduction from pay |
Jim Gibson | Director | £300 |
The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction described above.
1 | Details of the person discharging managerial responsibilities / person closely associate | |||||
a) | Name | Jim Gibson | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director | ||||
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 ("Shares") | ||||
b)
| Nature of the transaction
| Grant of awards over Shares under the AFC Energy Plc Save as You Earn Plan | ||||
c)
| Price(s) and volume(s) |
| ||||
d) | Aggregated Information
Volume
Price | n/a single transaction
| ||||
e) | Date of transaction | 1 September 2022 | ||||
f) | Place of transaction | Outside a trading venue | ||||
For further information, please contact:
AFC Energy plc Ben Bradshaw (Head of Marketing) | +44 (0) 14 8327 6726 investors@afcenergy.com
|
Peel Hunt LLP - Nominated Adviser and Joint Broker Richard Crichton / Tom Ballard / Alexander Allen
| +44 (0) 207 418 8900
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M C Peat & Co LLP - Joint Broker Charlie Peat
| +44 (0) 20 7104 2334 |
Zeus - Joint Broker Daniel Harris/ James Hornigold (Investment Banking) Dominic King (Corporate Broking) / Rupert Woolfenden (Sales)
| +44 (0) 203 829 5000
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FTI Consulting - Financial PR Advisors Ben Brewerton / Nick Hennis / Dhruv Soni
| +44 (0) 203 727 1000 afcenergy@fticonsulting.com
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