Business
Block listing application
Block listing application.
About this update from H-power Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4140L\n AFC Energy Plc\n 12 January 2021\n \n \n \n \n 12 January 2021\n \n \n \n \n \n AFC Energy plc\n \n \n (\"AFC\" or the \"Company\")\n \n \n Block listing application\n \n \n AFC Energy Plc (AIM: AFC), a leading provider of hydrogen power generation technologies, announces that an application has been made to the London Stock Exchange for a block listing of securities in respect of 12,469,169 ordinary shares of 0.1 pence each (the 'New Ordinary Shares') to be admitted to trading on AIM.\n \n \n The New Ordinary Shares will be issued from time to time in order to satisfy certain employee share options which may be exercised. It is expected that admission will become effective on 15 January 2021.\n \n \n The block listings consist of:\n \n \n 1. 180,000 ordinary shares in respect of options granted in November 2012, exercisable at 35.75 pence per share; \n \n \n 2. 135,000 ordinary shares in respect of options granted in December 2013, exercisable at 34 pence per share;\n \n \n 3. 150,000 ordinary shares in respect of options granted in April 2015, exercisable at 41 pence per share;\n \n \n 4. 6,000,000 ordinary shares in respect of options granted in July 2015 and modified in December 2020, exercisable at 22 pence per share;\n \n \n 5. 3,103,335 ordinary shares in respect of the options granted in October 2018, exercisable at 8.8 pence per share;\n \n \n 6. 1,800,000 ordinary shares in respect of the options granted in December 2019, exercisable at 16 pence per share; and \n \n \n 7. 1,100,834 ordinary shares in respect of options granted in April 2020, exercisable at 15.4 pence per share.\n \n \n For the avoidance of doubt these applications are not applications to list the share options themselves on any regulated market but merely an administrative measure to ensure that the Company does not need to make multiple applications for admission of ordinary shares to trading on each separate occasion when the existing employee share options are exercised by holders. The options remain in uncertificated form and there are no changes to the terms and conditions of the options.\n \n \n Following the Block Admission, the Company's issued share capital will remain unchanged at 676,151,310 ordinary shares. The Company will make six-monthly an...