Issuance of Consultancy Shares

RNS Number : 3391Q

AFC Energy Plc

17 June 2015

 

AFC Energy PLC

("AFC Energy" or "the Company")

Issuance of Consultancy Shares

AFC Energy (AIM: AFC), the industrial fuel cell power company, has agreed to issue Ordinary Shares in the Company to one of their consultants in lieu of professional fees. The consultant will be issued 100,000 Ordinary Shares in the Company (the "Consultancy Shares") at par value immediately.       

Application has been made to the London Stock Exchange for the Consultancy Shares to be admitted to trading at 8am on 22 June 2015.

Following admission of the Consultancy Shares, the total number of ordinary shares and voting rights in the Company will be 289,641,943. The Company does not hold any shares in treasury. 

The above figure may be used by shareholders in the Company 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 FCA's Disclosure and Transparency Rules.

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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