Business
Completion of Lanstead Agreement
Completion of Lanstead Agreement.
About this update from H-power Plc
[{"type":"text","content":"\n \nRNS Number : 8457V AFC Energy Plc 21 April 2016 \n\n21 April 2016\n \nAFC Energy PLC\n \n(\"AFC Energy\" or the \"Company\")\n \n \nCompletion of Lanstead Equity Swap Agreement\nAFC Energy (AIM: AFC), the industrial fuel cell power company, wishes to announce the completion of the equity swap agreement (the 'Agreement') entered into with Lanstead Capital LLP ('Lanstead') in October 2014.\nThe Company entered into a combined placing and equity swap agreement with Lanstead on 8 October 2014 in the amount of £2.2 million. All 18 settlements of the equity swap agreement have now been completed, with the Company having received a total of £4.7 million from the placing and agreement.\n \nFor further information, please contact:\n\n\n\n\nAFC Energy plc\nAdam Bond (Chief Executive Officer)\n \n\n\n \n+44 (0) 20 3697 1209\n\n\n\n\nCantor Fitzgerald Europe - Nominated Adviser and Joint Broker\nAndrew Craig\nRichard Salmond \n \n\n\n \n+44 (0) 20 7894 7000\n\n\n\n\nM C Peat & Co LLP - Joint Broker\nCharlie Peat\n\n\n \n+44 (0) 20 7104 2334\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nLionsgate Communications - Public Relations\nJonathan Charles\nRachel Rigby\n \n\n\n \n+44 (0) 20 3697 1209\n\n\n\n\n \n \nAbout AFC Energy\n \nAFC Energy plc has developed and successfully operated an alkaline fuel cell system (\"KORE\"), which converts hydrogen into \"clean\" electricity. AFC Energy's key project POWER-UP demonstrated the world's largest operational alkaline fuel cell system at Air Products' industrial gas plant in Stade, Germany in January 2016. The Company is now looking to build upon an already established pipeline of commercial opportunities and drive the findings from the development phase of the technology into a technically optimised and commercially relevant fuel cell system. For further information, please visit our website: www.afcenergy.com\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END AGRBLGDSSSDBGLG\n ","length":5019,"tagName":"div"}]