4 November 2024
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 Elaine Sullivan, the spouse of Gary Bullard, Chief Executive Officer, purchased 500,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of 8.88 pence per share for 225,202 shares and 9.35p per share for 274,798 share today.
Following these transactions, Mr. Bullard is now interested in 1,266,667 Ordinary Shares in the capital of the Company, representing 0.15% of the Company's issued share capital.
The following notification, made pursuant to Article 19(3) of the Market Abuse Regulation, provides further details.
| 1
| Details of the person discharging managerial responsibilities / person closely associate | |||||
| a)
| Name
| Elaine Sullivan | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Person Closely Associated with the Company's Chief Executive Officer
| ||||
| 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 | ||||
| Identification code | ISIN: GB00B18S7B29 | |||||
| | | |||||
| b)
| Nature of the transaction
| Purchase of Ordinary Shares
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated Information
Volume
Price |
Volume: 500,000 ordinary shares
Price: as set out above | ||||
| e) | Date of transaction | 4 November 2024 | ||||
| f) | Place of transaction | London Stock Exchange, AIM | ||||
For further information, please contact:
| AFC Energy plc Gary Bullard (Chief Executive Officer)
| +44 (0) 14 8327 6726 |
|
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 / Chris Laing / Evie Taylor |
+44 (0) 20 7653 4000
+44 (0) 203 727 1000 |
|
| |
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 now deployable as electric vehicle chargers, off-grid decentralised power systems for construction and temporary power with emerging opportunities across maritime, data centres and rail 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 industries facing challenges in decarbonisation, such as mining, cement and heavy engineering.
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