PDMR Shareholding

RNS Number : 0492L

AFC Energy Plc

16 April 2018

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain. 

16 April 2018

AFC Energy PLC

("AFC Energy" or the "Company")

PDMR Shareholding

AFC Energy (AIM: AFC), the industrial fuel cell power company, announces that Richard Dunkley, Chief Financial Officer designate of the Company, acquired 270,144 ordinary shares of 0.1 pence each ("Ordinary Shares") at an average price of 11.10 pence per share on 13 April 2018.

Following the transaction, Richard Dunkley is interested in a total of 270,144 Ordinary Shares in the Company, representing 0.07% of the total issued share capital of the Company.

For further information, please contact:

AFC Energy plc Adam Bond (Chief Executive Officer)	[phone]
Cantor Fitzgerald Europe - Nominated Adviser and Joint Broker David Foreman Richard Salmond	[phone]
M C Peat & Co LLP - Joint Broker Charlie Peat	[phone]
Lionsgate Communications - Public Relations Jonathan Charles	[phone]

About AFC Energy

AFC Energy plc has developed and successfully demonstrated an alkaline fuel cell system, which converts hydrogen into "clean" electricity. AFC Energy's key project POWER-UP demonstrated the world's largest operational alkaline fuel cell system at Air Products' industrial gas plant in Stade, Germany. The Company is now looking to build upon an already established pipeline of commercial opportunities and drive the findings from the development phase of the technology into a technically optimised and commercially relevant fuel cell system.  For further information, please visit our website: www.afcenergy.com

Appendix - PDMR Dealing Disclosure:

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Dunkley
2.	Reason for the Notification
a)	Position/status	Chief Financial Officer designate
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
	Identification code	GB00B18S7B29
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 11.40 pence 87,614 (bought) 10.95 pence 182,530 (bought)
d)	Aggregated information: ·     Aggregated volume ·     Price	270,144 ordinary shares of 0.1 pence each ("Ordinary Shares") at an average price of 11.10 pence per share
e)	Date of the transaction	13 April 2018
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

 

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