Exercise of Options

RNS Number : 7470K

AFC Energy Plc

20 April 2015

 

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 308,409 new ordinary shares of 0.1 pence each in AFC Energy to be admitted to trading on AIM pursuant to the exercise of options by certain former employees (the "Option Shares"). 300,000 options have an exercise price of 17.5 pence per share and 8,409 options have an exercise price of 22 pence per share. The Option Shares will rank pari passu with the Company's existing ordinary shares and admission to trading on AIM is expected to take place on 24 April 2015 ("Admission").

Following Admission of the Option Shares, the issued share capital of the Company will consist of 289,011,943 ordinary shares of 0.1 pence each, with one voting right each.  The Company does not hold any shares in treasury. 

Accordingly, the total voting rights in the Company is 289,011,943. 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 Adam Bond (CEO)	[phone]
Zeus Capital Limited - Nominated Adviser and Joint Broker Phil Walker, John Treacy                        Alex Davies, John Goold	[phone]
M C Peat & Co LLP - Joint Broker Charlie Peat	[phone]
Lionsgate Communications - Public Relations Jonathan Charles, Rachel Rigby	[phone]

About AFC Energy

AFC Energy plc is fast approaching commercialisation for its proven low-cost alkaline fuel cell system ("KORE"), which converts hydrogen into 'clean' electricity. AFC's key project POWER-UP will demonstrate the world's largest alkaline fuel cell system at Air Products' industrial gas plant in Stade, Germany. The date for the demonstration of the 240kW KORE system has been fast tracked to December 2015, representing the final phase of AFC's pre-commercialisation technical development programme and creating the platform for the Company's global commercial fuel cell deployment. For further information, please visit our website: www.afcenergy.com

 

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