Director Shareholding

RNS Number : 8123J

AFC Energy Plc

10 August 2012

 



August 10, 2012

AFC Energy PLC

("AFC Energy" or the "Company")

Director Shareholding

AFC Energy (AIM: AFC) announces that it has been notified that Mitchell Field, a Non-Executive Director of the Company has today (10th August 2012) transferred 65,217 ordinary shares of 0.1p each in the Company to his godson for nil consideration. These shares were acquired in the IPO in April 2007 by Mr Field on behalf of, and with funds provided by, his godson and have been held in trust since that time.  Following this transfer, Mr Field has a total beneficial interest in 2,144,810 ordinary shares, equivalent to 1.16 per cent. of AFC's issued share capital.

Ends

For further information, please contact:

AFC Energy plc Ian Williamson, Chief Executive David Marson, Finance Director	[phone]
Luther Pendragon - PR Neil Thapar Leigh Marshall Alexis Gore	[phone]
MC Peat & Co. - Broker Charlie Peat	[phone]
Allenby Capital - Nominated Adviser 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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