Director Share Dealing

RNS Number : 6159C

AFC Energy Plc

17 April 2013

 



17 April 2013

AFC Energy PLC

("AFC Energy" or the "Company")

Director Share Dealing

AFC Energy plc (AIM: AFC) announces that today, 17th April 2013, Eugene Shvidler, a non-executive director of the Company, purchased  2,536,116  ordinary shares of 0.1 of one penny each in the capital of the Company ("Ordinary Shares") at a price of 26 pence per Ordinary Share. The shares were sold by employees of the Company, as follows:

-     Ian Balchin, Deputy Chairman and Chief Strategy Officer sold 1,500,000 shares as part of a divorce settlement

-     Gene Lewis, Technical Director sold 1,000,000 shares with the intention of purchasing a family home in the vicinity of the Company's Dunsfold operating base

-     Other staff sold 36,116 shares

Director Shareholding

Following these transactions:

-     Eugene Shvidler is interested in 2,536,116 Ordinary Shares representing approximately 1.1 per cent of the Company's total issued share capital and voting rights

-     Ian Balchin is interested in 50,000 Ordinary Shares

-     Gene Lewis is interested in 10,000 Ordinary Shares

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	[phone]
Neil Thapar Alexis Gore
Peat & Co. - Corporate Broker	[phone]
Charlie Peat
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 modern 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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