Exercise of Options and Total Voting Rights

RNS Number : 0115N

AFC Energy Plc

02 September 2013

 



2 September 2013

                                                                       AFC Energy PLC

("AFC Energy" or the "Company")

Exercise of Options and Total Voting Rights

AFC Energy (AIM: AFC) announces that application has been made for 211,363 new ordinary shares of 0.1 pence to be admitted to trading on AIM pursuant to the exercise of 210,000 options under the Company's EMI Share Option Scheme (the "EMI Option Exercise") and 1,363 options under the Company's Sharesave Scheme (the "Sharesave Option Exercise"). The EMI options have an exercise price per share of 3.13 pence (200,000 shares) and 24 pence (10,000 shares) and the Sharesave options have an exercise price of 22 pence. 

The 211,363 new ordinary shares issued pursuant to the EMI Option Exercise and Sharesave Option Exercise will rank pari passu with the Company's existing ordinary shares and admission to trading on AIM is expected to take place on 6 September 2013 ("Admission").

Total Voting Rights

The total enlarged issued share capital of the Company following Admission will be 223,324,907 ordinary shares of 0.1 pence each. The Company does not hold any ordinary shares in treasury.  Therefore the total number of ordinary shares in the Company with voting rights will be 223,324,907.  This figure may be used by shareholders 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 Disclosure and Transparency Rules of the UK Financial Conduct Authority. 

For further information, please contact:

AFC Energy plc Ian Williamson, Chief Executive Ian Balchin, Deputy Chairman David Marson, Finance Director & Company Secretary	[phone]
Luther Pendragon - Public Relations Adviser Neil Thapar Alexis Gore James Foster	[phone]
Peat & Co. - Corporate Broker                                                Charlie Peat	[phone]
Allenby Capital Limited           Jeremy Porter                                        James Reeve	[phone]

About AFC Energy

Founded in 2006, AFC Energy plc is re-engineering proven alkaline fuel cell technology to reduce the cost of electricity. Alkaline fuel cells have been used on US and Russian manned space missions for decades to provide electrical power and drinking water. By using platinum free, advanced materials, design tools and manufacturing processes at scale, AFC Energy is developing fuel cells that will compete with conventional technologies such as turbines for electrical power generation. Today, AFC Energy is pursuing opportunities in several sectors where hydrogen is readily available including the chlorine, clean coal and waste-to-energy industries as well as applications for distributed/back-up power. For further information, please visit our website: www.afcenergy.com.

 

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