Director/PDMR Shareholding

AFC Energy Plc

09 August 2023

 

9 August 2023

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 Gary Bullard, non-executive chairman, purchased 35,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of 15.15 pence per share today.

Following these transactions, Mr. Bullard is now interested in 500,000 ordinary shares in the capital of the Company, representing 0.06% 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	Gary Bullard
2	Reason for the notification
a)	Position/status	Non-Executive Chairman
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 shares
c)	Price(s) and volume(s)	Price per share Volume 15.15 pence 35,000
d)	Aggregated Information Volume Price	Volume: 35,000 ordinary shares Price: 15.15 pence
e)	Date of transaction	8 August 2023
f)	Place of transaction	(i)            London Stock Exchange, AIM

For further information, please contact:

AFC Energy plc Adam Bond (Chief Executive Officer)	[phone] [e-mail]
Peel Hunt LLP - Nominated Adviser and Joint Broker Richard Crichton / Tom Ballard / Georgia Langoulant	[phone]
Zeus - Joint Broker David Foreman / James Hornigold (Investment Banking) Dominic King (Corporate Broking) / Rupert Woolfenden (Sales)	[phone]
FTI Consulting - Financial PR Advisors Ben Brewerton / Dhruv Soni	[phone] [e-mail]

Notification of Dealing Form:

About AFC Energy

AFC Energy plc is deploying its hydrogen fuel cell systems to provide clean electricity for on and off grid power needs. The technology, pioneered over the past twelve years in the UK, is now deployable to support the electrification of electric vehicle chargers, off-grid decentralised power systems and data centre back up applications with emerging opportunities across maritime and rail as part of a portfolio approach to the decarbonisation of local electricity needs.  The Company also offers customers a flexibility in sourcing lowest cost hydrogen through a "flexible fuel" strategy incorporating hydrogen carrier fuels such as ammonia and methanol and associated fuel conversion technologies.  

 

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