Directorate Remuneration and Total Voting Rights
AFC Energy Plc has awarded 2,163,562 ordinary shares to CEO John Wilson and 824,767 ordinary shares to CFO Karl Bostock as part of their FY25 bonus, representing a total of 2,988,329 shares or 0.26% of the company's issued share capital. Following this award, John Wilson will hold 9,163,562 ordinary shares (0.81% of issued capital) and 15,250,191 share options (1.34%), while Karl Bostock will hold 2,268,141 ordinary shares (0.20% of issued capital) and 7,749,613 share options (0.68%). These shares are expected to be admitted to trading on AIM on 26 March 2026, at which point the company's total issued share capital will be 1,136,475,282 ordinary shares.
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AFC Energy Plc (AIM: AFC), a leading provider of ammonia-based low carbon hydrogen production and hydrogen-to-power solutions, announces that further to publication of its Remuneration Report for the year ended 31 October 2025, it has today awarded 2,163,562 ordinary shares of £0.001 in the Company ("Ordinary Shares") to John Wilson, Chief Executive Officer and 824,767 Ordinary Shares to Karl Bostock, Chief Financial Officer (together the "FY25 Bonus Shares"). The aggregate 2,988,329 Ordinary Shares represents 0.26% of the Company's issued share capital*.
The FY25 Bonus Shares have been approved by the Company's Remuneration Committee.
Director interests
Following the issue of the FY25 Bonus Shares, the below directors will have the following interests in the Company:
| Director | Total Number of Ordinary Shares | % of issued share capital* | Total Number of Share Options | % of issued share capital* |
|---|---|---|---|---|
| John Wilson | 9,163,562 | 0.81% | 15,250,191 | 1.34% |
| Karl Bostock | 2,268,141 | 0.20% | 7,749,613 | 0.68% |
*Post issue of FY25 Bonus Shares
Admission and Total Voting Rights
Application will be made to the London Stock Exchange for admission of the FY25 Bonus Shares to trading on AIM ("Admission"). It is expected that Admission will become effective at or around 8.00 a.m. on 26 March 2026.
Following Admission, the Company's issued share capital will comprise of 1,136,475,282 Ordinary Shares each with voting rights, and this number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules. The Company does not hold any shares in treasury.
Set out below are the notifications made in accordance with Article 19 of the UK Market Abuse Regulation.
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| 1 | Details of the person discharging managerial responsibilities / person closely associate | |
| a) | Name | John Wilson |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | AFC Energy Plc |
| b) | LEI | 213800SRJST19GNS9U35 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.1 pence each in the Company ("Shares") |
| Identification code | ISIN: GB00B18S7B29 | |
| b) | Nature of the transaction | Grant of Shares as remuneration |
| c) | Price(s) and volume(s) | Price per share Volume £0.001 2,163,562 |
| d) | Aggregated Information Volume Price | n/a single transaction |
| e) | Date of transaction | 23 March 2026 |
| f) | Place of transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associate | |
| a) | Name | Karl Bostock |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Financial Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | AFC Energy Plc |
| b) | LEI | 213800SRJST19GNS9U35 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 0.1 pence each in the Company ("Shares") |
| Identification code | ISIN: GB00B18S7B29 | |
| b) | Nature of the transaction | Grant of Shares as remuneration |
| c) | Price(s) and volume(s) | Price per share Volume £0.001 824,767 |
| d) | Aggregated Information Volume Price | n/a single transaction |
| e) | Date of transaction | 23 March 2026 |
| f) | Place of transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.