2 May 2023
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 Gary Bullard, non-executive chairman, purchased 90,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares"), 20,000 Ordinary Shares in his own name and 70,000 Ordinary Shares in his wife's name, at a price of 18.97 pence on 28 April 2023.
Following these transactions, Mr. Bullard is interested in 315,000 ordinary shares in the capital of the Company, representing 0.04% of the Company's issued share capital.
The following notification, made pursuant to Article 19(3) of the Market Abuse Regulation, provides further details.
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1 |
Details of the person discharging managerial responsibilities / person closely associate |
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a) |
Name |
Gary Bullard |
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2 |
Reason for the notification |
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a) |
Position/status |
Non-Executive Chairman |
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
AFC Energy Plc |
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b) |
LEI |
213800SRJST19GNS9U35 |
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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 |
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a) |
Description of the financial instrument, type of instrument |
Ordinary Shares of 0.1 pence each in the Company |
Identification code |
ISIN: GB00B18S7B29 |
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b) |
Nature of the transaction |
Purchase of shares |
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c) |
Price(s) and volume(s) |
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Price per share |
Volume |
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18.974 pence |
70,000 |
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18.974 pence |
20,000 |
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d) |
Aggregated Information Volume Price |
Volume: 90,000 ordinary shares Price: 18.974 pence |
e) |
Date of transaction |
28 April 2023 |
f) |
Place of transaction |
(i) London Stock Exchange, AIM |
For further information, please contact:
AFC Energy plc
Adam Bond (Chief Executive Officer)
+44 (0) 14 8327 6726
Peel Hunt LLP- Nominated Adviser and Joint Broker
Richard Crichton / Tom Ballard / Georgia Langoulant
+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
FTI Consulting - Financial PR Advisors
Ben Brewerton / / Dhruv Soni
+44 (0) 203 727 1000
Notification of Dealing Form:
About AFC Energy
AFC Energy plc is deploying its hydrogen fuel cell systems to provide clean electricity for on and off grid power needs. The technology, pioneered over the past twelve years in the UK, is now deployable to support the electrification of electric vehicle chargers, off-grid decentralised power systems and data centre back up applications with emerging opportunities across maritime and rail as part of a portfolio approach to the decarbonisation of local electricity needs. The Company also offers customers a flexibility in sourcing lowest cost hydrogen through a "flexible fuel" strategy incorporating hydrogen carrier fuels such as ammonia and methanol and associated fuel conversion technologies.
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