Last checked at 29 Jul 2011 07:00
Embargoed until 07:00 on 29 July 2011
AFC Energy plc("AFC" or the "Company")
Total Voting Rights
In accordance with Rule 5.6.1 of the Disclosure Rules and Transparency Rules of the Financial Services Authority ("DTRs"), AFC gives notice that the Company's issued share capital at the date of this announcement consists of 183,338,762 ordinary shares of 0.1 of one penny each. The Company does not hold any ordinary shares in treasury.
Therefore the total number of ordinary shares in the Company with voting rights is 183,338,762.
The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the DTRs.
For further information please contact:
AFC Energy | +44 1483 276726 |
Tim Yeo, Chairman | |
Ian Balchin, Deputy Chairman | |
David Marson, Finance Director | |
Allenby Capital Limited (Nominated Adviser & Broker) | +44 20 3328 5656 |
Brian Stockbridge | |
Dan Robinson | |
Threadneedle Communications | +44 20 7653 9850 |
John Coles | |
Fiona Conroy |
AFC is a leading developer of low-cost alkaline fuel cell systems that use hydrogen to produce clean electricity, heat and water. AFC's technology is focused on large-scale industrial applications and the objective of producing the lowest possible unit cost electricity. Please visit our website at www.afcenergy.com.
High efficiency levels: using readily available hydrogen and air as the source of oxygen, electrical efficiency is up to 60 per cent., which compares to around 30 per cent. for conventional electricity generating technology.
Low cost production: fabricating with low cost materials combined with industrially proven production processes.
Low temperature and pressure: operating at less than 100 degrees Celsius enables us to use polymer mouldings for many parts.
Hydrogen sealing: operating at low pressure, hydrogen is readily sealed within the system.
Thermal management: a circulating liquid electrolyte simplifies the thermal management of the system.
Balance of plant: the majority of components are off-the-shelf and mass manufactured for other uses enabling us to benefit from these economies of scale.
Value engineered for assembly: the component count has significantly reduced and commercial units are designed for easy assembly.
AFC has significantly reduced the cost of its technology to make its fuel cell system a commercially viable proposition.