Admission of shares

31 January 2020

AFC Energy PLC

("AFC Energy" or the "Company")

Admission of shares      

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, announces that, further to the Company's announcement on 27 January 2020, application has been made to the London Stock Exchange for the 526,316 ordinary shares to be admitted to trading on AIM ("Admission") and it is expected that such Admission will occur at 8.00 a.m. on 4 February 2020.

The Shares will be issued credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid after the admission of the Shares, respectively and will otherwise be identical to and rank on Admission pari passu in all respects with the existing Ordinary Shares.

Following Admission, the Company will have 462,878,812 Ordinary Shares in issue, none of which will be held in treasury.  Accordingly, the total number of voting rights in the Company will be 462,878,812 and shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.  

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About AFC Energy

AFC Energy plc is commercialising a scalable alkaline fuel cell system, to provide clean electricity for on and off grid applications. The technology, pioneered over the past twelve years in the UK, is now being deployed in electric vehicle chargers, off-grid decentralised power systems and industrial gas plants as part of a portfolio approach to the decarbonisation of local electricity needs.