RNS Number : 2207O
AFC Energy Plc
13 May 2024
 

 

13 May 2024

 

AFC Energy PLC

("AFC Energy" or the "Company")

 

Director Share Options

 

AFC Energy (AIM: AFC) announces an amendment to its existing share option agreement with CEO Adam Bond in respect of 6,000,000 share options (the "Share Options"), dated July 2015 (the "Share Option Agreement"). The period in which Adam Bond may exercise such Share Options is due to expire on 17 July 2025 and the Company considers it desirable to extend the expiry date to 17 July 2028 and as of today, the Share Option Agreement has been amended accordingly. All other terms of the Share Option Agreement remain unchanged.

The total 13,172,269 options currently held by Mr Bond represent approximately 1.76 per cent. of the Company's existing issued share capital.

 

For further information, please contact:

AFC Energy plc

Gerry Agnew (Chair of Remuneration Committee) 

 

+44 (0) 14 8327 6726

investors@afcenergy.com

Peel Hunt LLP - Nominated Adviser and Joint Broker

Richard Crichton / Georgia Langoulant / Brian Hanratty

+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 / Tilly Abraham / 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 targeting near term commercial deployment across the construction and temporary power markets with longer term opportunities in electric vehicle charging, maritime and data centres 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 the decarbonisation of hard to abate industries.

 

 

 

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