Exercise of Options and Total Voting Rights

RNS Number : 6653F

AFC Energy Plc

28 April 2014

 



28 April 2014

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 50,000 new ordinary shares of 0.1 pence to be admitted to trading on AIM pursuant to the exercise of options under the Company's EMI Share Option Scheme by an employee of the Company (the "Option Exercise"). The options have an exercise price per share of 3.13 pence. 

The 50,000 new ordinary shares issued pursuant to the Option Exercise will rank pari passu with the Company's existing ordinary shares and admission to trading on AIM is expected to take place on 2nd May 2014 ("Admission").

Total Voting Rights

Following the Option Exercise, the issued share capital of the Company consists of 223,374,907 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 223,374,907. 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 Ian Williamson, Chief Executive Jane Dumeresque, Finance Director & Company Secretary	[phone]
Luther Pendragon - Public Relations Adviser Neil Thapar, Alexis Gore	[phone]
Peat & Co. - Corporate Broker                                                Charlie Peat	[phone]
Allenby Capital Limited - AIM Nominated Adviser      James 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 platinum free, advanced 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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