Issue of Share Options

RNS Number : 5318I

AFC Energy Plc

12 March 2010

 



AFC Energy plc

("AFC Energy" or the "Company")

Issue of Share Options

AFC Energy is pleased to announce that is has granted  options over 1,600,000 ordinary shares in the Company to help incentivise new employees that have joined the Company over the last 12 months.

The options have been granted under the rules of the AFC Energy Plc Enterprise Management Incentive Share Option Scheme. 

The options are exercisable at a price of 17.5 pence per ordinary share, being the closing price on 11 March 2010 and are exercisable between 3 and 10 years following the date of issue.

Following the issue of these options there will be 8,660,000 options and 4,750,000 warrants in issue, representing 8.2% of the fully diluted share capital of the Company. 

For further information please visit www.afcenergy.com or contact:

AFC Energy plc Tim Yeo, Chairman Ian Balchin, Managing Director David Marson, Finance Director	01483 276726
Astaire Securities Shane Gallwey Allenby Capital  Imran Ahmad	020 7448 4400 020 3328 5656
Madano Partnership Matthew Moth Michael Evans	020 7593 4000

 

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