Business
Launch of SAYE scheme and Director Dealing
Launch of SAYE scheme and Director Dealing.
About this update from H-power Plc
[{"type":"text","content":"\n \n \n 2 September 2022\n \n \n AFC Energy plc\n \n \n (\"AFC\" or the \"Company\")\n \n \n \n \n \n \n Launch of SAYE scheme and Director Dealing\n \n \n \n \n \n \n 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.\n \n \n 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.\n \n \n The following Persons Discharging Managerial Responsibilities (\"PDMRs\") have chosen to participate in the 2022 SAYE Scheme:\n \n \n \n \n \n \n \n \n \n \n Name\n \n \n \n \n \n \n Director/PDMR\n \n \n \n \n \n \n Monthly deduction from pay\n \n \n \n \n \n \n \n Jim Gibson\n \n \n \n \n Director\n \n \n \n \n £300\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 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. \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 1\n \n \n \n \n \n \n Details of the person discharging managerial responsibilities / person closely associate\n \n \n \n \n \n \n \n a)\n \n \n \n \n Name\n \n \n \n \n Jim Gibson\n \n \n \n \n \n \n \n 2\n \n \n \n \n \n \n Reason for the notification\n \n \n \n \n \n \n \n a)\n \n \n \n \n Position/status\n \n \n \n \n Director\n \n \n \n \n \n \n b)\n \n \n \n \n \n \n \n \n \n Initial notification /Amendment\n \n \n \n \n Initial notification\n \n \n \n \n \n \n \n 3\n \n \n \n \n \n \n \n \n \n Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n \n \n \n \n \n \n \n a)\n \n \n \n \n Name\n \n \n \n \n AFC Energy Plc\n \n \n \n \n \n \n b)\n \n \n \n \n LEI\n \n \n \n \n 213800SRJST19GNS9U35\n \n \n \n \n \n ...