Information  X 
Enter a valid email address

AFC Energy Plc (AFC)

  Print      Mail a friend       Annual reports

Monday 06 January, 2020

AFC Energy Plc

Grant of Options/ PDMR Dealing

RNS Number : 8616Y
AFC Energy Plc
06 January 2020
 

6 January 2020

AFC Energy plc

("AFC Energy" or "the Company")

Grant of Options

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, announces that the Remuneration Committee proposed the grant on December 31, 2019 and the Board ratified on January 6, 2020 the grant of  options over 2,750,000 ordinary  shares of 0.1 pence each to Graeme Lewis, Company Secretary.

The options are exercisable at a price of 16 pence, the market price on December 31, 2019, and will vest

·      900,000 on December 31, 2020,

·      900,000 on December 31, 2021, and

·      950,000 on December 31, 2022.

The options will be exercisable between the vesting date and the tenth anniversary of the date of grant but are otherwise unconditional.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Graeme Lewis

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Finance director and Company Secretary

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 0.1p each



Identification code

GB00B18S7B29



b)

 

Nature of the transaction

 

Grant of options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)


Grant of shares options

 

 

 

 

 


£0.16

2,750,000

 

 

d)

 

Aggregated information






- Aggregated volume


2,750,000 shares




- Price


£0.16




e)

 

Date of the transaction

 

6 January 2019

f)

 

Place of the transaction

London Stock Exchange, AIM

 

For further information, please contact:

AFC Energy plc

Adam Bond (Chief Executive Officer) 

 +44 (0) 1483 276 726



WH Ireland Nominated Adviser and Joint Broker

Mike Coe/ Chris Savidge - Corporate Finance

Jasper Berry - Corporate Broking

 +44 (0) 117 945 3470



M C Peat & Co LLP Joint Broker

Charlie Peat

 +44 (0) 20 7104 2334



Tuva Partners Public Relations

James Kennedy 

+44 (0) 7809 495 759

 

 

About AFC Energy

AFC Energy plc is commercialising a scalable alkaline fuel cell system, to provide clean electricity for on and off grid applications. The technology, pioneered over the past twelve years in the UK, is now being deployed in electric vehicle chargers, off-grid decentralised power systems and industrial gas plants as part of a portfolio approach to the decarbonisation of local electricity needs.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
DSHFQLFBBFLLBBZ

a d v e r t i s e m e n t