REG - AFC Energy Plc - Director Share Options

AFC EnergyAnnouncement

13/05/2024 14:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240513:nRSM2207Oa&default-theme=true

RNS Number : 2207O  AFC Energy Plc  13 May 2024

 

13 May 2024

 

AFC Energy PLC

("AFC Energy" or the "Company")

 

Director Share Options

 

AFC Energy (AIM: AFC) announces an amendment to its existing share option
agreement with CEO Adam Bond in respect of 6,000,000 share options (the "Share
Options"), dated July 2015 (the "Share Option Agreement"). The period in which
Adam Bond may exercise such Share Options is due to expire on 17 July 2025 and
the Company considers it desirable to extend the expiry date to 17 July 2028
and as of today, the Share Option Agreement has been amended accordingly. All
other terms of the Share Option Agreement remain unchanged.

The total 13,172,269 options currently held by Mr Bond represent approximately
1.76 per cent. of the Company's existing issued share capital.

 

For further information, please contact:

 AFC Energy plc                                                 +44 (0) 14 8327 6726

 Gerry Agnew (Chair of Remuneration Committee)                  investors@afcenergy.com (mailto:investors@afcenergy.com)

 Peel Hunt LLP - Nominated Adviser and Joint Broker             +44 (0) 207 418 8900

 Richard Crichton / Georgia Langoulant / Brian Hanratty

 Zeus - Joint Broker                                            +44 (0) 203 829 5000

 David Foreman / James Hornigold (Investment Banking)

 Dominic King (Corporate Broking) / Rupert Woolfenden (Sales)

 RBC Capital Markets - Joint Broker                             +44 (0) 20 7653 4000

 Matthew Coakes / Teri Su

 Eduardo Famini / Jack Wood

 FTI Consulting - Financial PR Advisors                         +44 (0) 203 727 1000

 Ben Brewerton / Tilly Abraham / Evie Taylor                    afcenergy@fticonsulting.com (mailto:afcenergy@fticonsulting.com)

 

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 targeting near term commercial deployment
across the construction and temporary power markets with longer term
opportunities in electric vehicle charging, maritime and data centres 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 the
decarbonisation of hard to abate industries.

 

 

 

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
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHBXGDUXXBDGSX