Business
Result of REX Retail Offer & Notice of Meeting
Result of REX Retail Offer & Notice of Meeting.
About this update from H-power Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT (INCLUDING THE APPENDICES) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, OR INTO OR WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \nTHE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE REX RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF AFC ENERGY PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY WITH SUCH PERSONS. THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF AFC ENERGY PLC\n \n \n12 June 2024\n \nAFC Energy PLC\n \n(\"AFC Energy\" or the \"Company\")\n \nResult of REX Retail Offer\nand\nNotice of General Meeting\n \nAFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, is pleased to announce that the REX Retail Offer launched on 10 June 2024 via REX has now closed and the Company has conditionally raised gross proceeds of £2.0 million through the issue of 13,333,333 REX Retail Offer Shares at an issue price of 15 pence per new Ordinary Shares (the \"Issue Price\"). Accordingly, the Company has conditionally raised total gross proceeds of approximately £15.8 million pursuant to the Placing, the REX Retail Offer and the Subscription (the \"Fundraising\").\nThe Firm Placing and the Subscription are conditional upon the Placing Agreement not being terminated in accordance with its terms and First Admission. The Conditional Placing and the REX Retail Offer are conditional upon, amongst other things, the Placing Agreement not being terminated in ac...