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16 Apr 2018 12:32
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.
16 April 2018
AFC Energy PLC
("AFC Energy" or the "Company")
PDMR Shareholding
AFC Energy (AIM: AFC), the industrial fuel cell power company, announces that Richard Dunkley, Chief Financial Officer designate of the Company, acquired 270,144 ordinary shares of 0.1 pence each ("Ordinary Shares") at an average price of 11.10 pence per share on 13 April 2018.
Following the transaction, Richard Dunkley is interested in a total of 270,144 Ordinary Shares in the Company, representing 0.07% of the total issued share capital of the Company.
For further information, please contact:
AFC Energy plc Adam Bond (Chief Executive Officer)
|
+44 (0) 20 3697 1209 |
Cantor Fitzgerald Europe - Nominated Adviser and Joint Broker David Foreman Richard Salmond
|
+44 (0) 20 7894 7000 |
M C Peat & Co LLP - Joint Broker Charlie Peat |
+44 (0) 20 7104 2334 |
Lionsgate Communications - Public Relations Jonathan Charles
|
+44 (0) 20 3697 1209 |
About AFC Energy
AFC Energy plc has developed and successfully demonstrated an alkaline fuel cell system, which converts hydrogen into "clean" electricity. AFC Energy's key project POWER-UP demonstrated the world's largest operational alkaline fuel cell system at Air Products' industrial gas plant in Stade, Germany. The Company is now looking to build upon an already established pipeline of commercial opportunities and drive the findings from the development phase of the technology into a technically optimised and commercially relevant fuel cell system. For further information, please visit our website: www.afcenergy.com
Appendix - PDMR Dealing Disclosure:
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Richard Dunkley | ||||||
2. | Reason for the Notification | |||||||
a) | Position/status | Chief Financial Officer designate | ||||||
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 | ||||||
Identification code | GB00B18S7B29 | |||||||
b) | Nature of the transaction | Purchase of shares | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information: · Aggregated volume · Price | 270,144 ordinary shares of 0.1 pence each ("Ordinary Shares") at an average price of 11.10 pence per share | ||||||
e) | Date of the transaction | 13 April 2018 | ||||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||||
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