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AFC Energy PLC announced on May 13, 2024, an amendment to its existing share option agreement with CEO Adam Bond for 6,000,000 share options. This amendment extends the exercise period for these options from July 17, 2025, to July 17, 2028. Mr. Bond currently holds a total of 13,172,269 options, representing approximately 1.76% of the Company's existing issued share capital.
| Date | 13 May 2024 |
| Time | 14:35:43 |
| Category | Director/PDMR dealings |
| ID | 2207O |
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:
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AFC Energy plc Gerry Agnew (Chair of Remuneration Committee)
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+44 (0) 14 8327 6726 |
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Peel Hunt LLP - Nominated Adviser and Joint Broker Richard Crichton / Georgia Langoulant / Brian Hanratty |
+44 (0) 207 418 8900
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Zeus - Joint Broker David Foreman / James Hornigold (Investment Banking) Dominic King (Corporate Broking) / Rupert Woolfenden (Sales) |
+44 (0) 203 829 5000 |
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RBC Capital Markets - Joint Broker Matthew Coakes / Teri Su Eduardo Famini / Jack Wood
FTI Consulting - Financial PR Advisors Ben Brewerton / Tilly Abraham / 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 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.