Director/PDMR Shareholding

AFC Energy Plc

27 March 2025

 

27 March 2025

AFC Energy PLC

("AFC Energy" or the "Company")

Director/PDMR Shareholding

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, confirms that Elaine Sullivan, the spouse of Gary Bullard, Non-Executive Chairman, purchased 94,343 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of £0.06 today.

Following these transactions, Mr. Bullard is now interested in 4,000,000 Ordinary Shares in the capital of the Company, representing 0.47% of the Company's issued share capital.

The following notification, made pursuant to Article 19(3) of the Market Abuse Regulation, provides further details.

1	Details of the person discharging managerial responsibilities / person closely associate
a)	Name	Elaine Sullivan
2	Reason for the notification
a)	Position/status	Person Closely Associated with the Company's Non-Executive Chairman
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 in the Company
	Identification code	ISIN: GB00B18S7B29
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price per share Volume £0.06 94,343
d)	Aggregated Information Volume Price	Volume: 94,343 ordinary shares Price: as set out above
e)	Date of transaction	27 March 2025
f)	Place of transaction	London Stock Exchange, AIM

For further information, please contact:

AFC Energy plc John Wilson (Chief Executive Officer)	[phone] [e-mail]
Peel Hunt LLP - Nominated Adviser and Joint Broker Richard Crichton / Georgia Langoulant / Emily Bhasin	[phone]
Zeus - Joint Broker David Foreman / James Hornigold (Investment Banking) Dominic King (Corporate Broking) / Rupert Woolfenden (Sales)	[phone]
RBC Capital Markets - Joint Broker Matthew Coakes / Teri Su Eduardo Famini / Jack Wood FTI Consulting - Financial PR Advisors Ben Brewerton / Chris Laing / Evie Taylor	[phone] [phone] [e-mail]

About AFC Energy

AFC Energy plc is a leading provider of hydrogen energy solutions, to provide clean electricity for on and off grid power applications. The Company's fuel cell technology is now deployable as electric vehicle chargers, off-grid decentralised power systems for construction and temporary power with emerging opportunities across maritime, data centres and rail as part of a portfolio approach to the decarbonisation of society's growing electrification needs.

The Company's proprietary ammonia cracking technology further highlights emerging opportunities across the distributed hydrogen production market with a focus on hydrogen's role in supporting industries facing challenges in decarbonisation, such as mining, cement and heavy engineering.

 

END