Business
Result of AGM and Grant of Options
Result of AGM and Grant of Options.
About this update from H-power Plc
[{"type":"text","content":"\n \nRNS Number : 6484W AFC Energy Plc 28 April 2016 \n\n28 April 2016\n \nAFC Energy PLC\n \n(\"AFC Energy\" or the \"Company\")\n \n \nResult of Annual General Meeting and Grant of Options\nunder Sharesave Scheme\n \nResult of Annual General Meeting\nAFC Energy (AIM: AFC), the industrial fuel cell power company, is pleased to announce that, at the Company's Annual General Meeting (\"AGM\") held earlier today, all resolutions were duly passed.\nA copy of the presentation given to shareholders at the AGM will be available on the Company's website at www.afcenergy.com.\n \nGrant of Share Options\nThe Company today agreed to grant certain employees options over 399,537 ordinary shares of 0.1 pence each in the Company (\"Ordinary Shares\") (the \"Options\"). The Options have been granted to participating employees under the rules of the AFC Energy plc Sharesave Scheme (the \"Scheme\"). The Scheme is an all-employee share option scheme, which was approved by Her Majesty's Revenue and Customs and was introduced to encourage wider employee share ownership of the Company. \nThe Options are exercisable at a price of 12.20 pence and will vest on the third anniversary of the date of grant of the Options. The Options will be exercisable between the third and tenth anniversary of the date of grant but are otherwise unconditional. \nFollowing the issue of Options there will be options over 13,855,000 Ordinary Shares representing approximately 4.5% of the current issued share capital of the Company, warrants over 6,947,800 Ordinary Shares representing approximately 2.3% of the current issued share capital of the Company and Scheme Options over 970,884 Ordinary Shares representing approximately 0.3% of the current issued share capital of the Company. \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\nLio...