AFC Energy Plc Launch of SAYE scheme and Director Dealing (1397Y)
September 02 2022 - 7:30AM
UK Regulatory
TIDMAFC
RNS Number : 1397Y
AFC Energy Plc
02 September 2022
2 September 2022
AFC Energy plc
("AFC" or the "Company")
Launch of SAYE scheme and Director Dealing
AFC Energy (AIM: AFC), a leading provider of hydrogen power
generation technologies, is pleased to announce that it has
launched the 2022 Save As You Earn Scheme (the "SAYE" Scheme) for
all eligible employees.
The SAYE scheme allows eligible employees to commit to making a
deduction from salary on a monthly basis over three years. At the
end of the three-year period, employees can purchase the Company's
ordinary shares of 0.1 pence each ("Ordinary Shares") at a price of
20.48 pence per Ordinary Share, representing a 20 % discount to the
closing market price of the Ordinary Shares prior to the scheme
being launched on 3 August 2022. The discount is in line with the
limits of the SAYE scheme as defined by HMRC.
The following Persons Discharging Managerial Responsibilities
("PDMRs") have chosen to participate in the 2022 SAYE Scheme:
Name Director/PDMR Monthly deduction from
pay
Jim Gibson Director GBP300
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulations, provides further detail in
respect of the transaction described above.
1 Details of the person discharging managerial responsibilities
/ person closely associate
a) Name Jim Gibson
---------------------------- -------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status Director
---------------------------- -------------------------------------------
b) Initial notification Initial notification
/Amendment
---------------------------- -------------------------------------------
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 Ordinary Shares of 0.1 pence each in the
the financial instrument, Company ("Shares")
type of instrument
b) Nature of the transaction Grant of awards over Shares under the AFC
Energy Plc Save as You Earn Plan
---------------------------- -------------------------------------------
c) Price(s) and volume(s) Price per Volume
share
GBP0.001 52,734
--------
---------------------------- -------------------------------------------
d) Aggregated Information n/a single transaction
Volume
Price
---------------------------- -------------------------------------------
e) Date of transaction 1 September 2022
---------------------------- -------------------------------------------
f) Place of transaction Outside a trading venue
---------------------------- -------------------------------------------
For further information, please contact:
AFC Energy plc +44 (0) 14 8327 6726
Ben Bradshaw (Head of Marketing) investors@afcenergy.com
Peel Hunt LLP - Nominated Adviser and
Joint Broker
Richard Crichton / Tom Ballard / Alexander
Allen +44 (0) 207 418 8900
M C Peat & Co LLP - Joint Broker
Charlie Peat +44 (0) 20 7104 2334
Zeus - Joint Broker
Daniel Harris/ James Hornigold (Investment
Banking)
Dominic King (Corporate Broking) / Rupert
Woolfenden (Sales) +44 (0) 203 829 5000
FTI Consulting - Financial PR Advisors +44 (0) 203 727 1000
Ben Brewerton / Nick Hennis / Dhruv Soni afcenergy@fticonsulting.com
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 or visit 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.
END
DSHZZGGLMZNGZZM
(END) Dow Jones Newswires
September 02, 2022 07:30 ET (11:30 GMT)
Afc Energy (LSE:AFC)
Historical Stock Chart
From Apr 2024 to May 2024
Afc Energy (LSE:AFC)
Historical Stock Chart
From May 2023 to May 2024
