19 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 Gary Bullard, Non-Executive Chairman today purchased 1,000,000 ordinary shares of 0.1 pence in the Company ("Ordinary Shares") at the following prices:
| No. of Ordinary Shares |
Price per Ordinary Share (£) |
| 100,000 |
0.06451 |
| 250,000 |
0.067326 |
| 100,000 |
0.06361 |
| 125,000 |
0.0577 |
| 425,000 |
0.06226 |
Following these transactions, Mr. Bullard is now interested in 3,555,657 Ordinary Shares in the capital of the Company, representing 0.42% 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 |
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| a)
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Name
|
Gary Bullard |
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| 2
|
Reason for the notification
|
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| a)
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Position/status
|
Company's Non-Executive Chairman |
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| b)
|
Initial notification /Amendment |
Initial notification |
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| 3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
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| a)
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Name
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AFC Energy Plc |
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| b)
|
LEI
|
213800SRJST19GNS9U35 |
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| 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
|
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| a)
|
Description of the financial instrument, type of instrument
|
Ordinary Shares of 0.1 pence each in the Company |
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| Identification code |
ISIN: GB00B18S7B29 |
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| |
|
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| b)
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Nature of the transaction
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Purchase of Ordinary Shares
|
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| c) |
Price(s) and volume(s) |
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| d) |
Aggregated Information
Volume
Price |
Volume: 1,000,000 Ordinary Shares
Price: as set out above |
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| e) |
Date of transaction |
19 March 2025 |
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| f) |
Place of transaction |
London Stock Exchange, AIM |
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For further information, please contact:
| AFC Energy plc John Wilson (Chief Executive Officer) Karl Bostock (Chief Financial Officer)
|
+44 (0) 14 8327 6726 |
|
Peel Hunt LLP - Nominated Adviser and Joint Broker Richard Crichton / Georgia Langoulant / Emily Bhasin |
+44 (0) 207 418 8900
|
| Zeus - Joint Broker David Foreman / James Hornigold (Investment Banking) Dominic King (Corporate Broking) / Rupert Woolfenden (Sales) |
+44 (0) 203 829 5000 |
|
RBC Capital Markets - Joint Broker Matthew Coakes / Teri Su Eduardo Famini / Jack Wood
FTI Consulting - Financial PR Advisors Ben Brewerton / Chris Laing / Evie Taylor |
+44 (0) 20 7653 4000
+44 (0) 203 727 1000 |
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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.
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