Admission to AIM – First Day of Dealings
April 24th, 2007
The Placing:
- AFC Energy plc, the low cost alkaline fuel cell company, announces the completion of its admission to AIM and that trading in its ordinary shares commenced at 8.00am today.
- Dawnay, Day Corporate Broking (a division of Dawnay, Day Brokers Limited), the Company’s broker, has placed 13,183,034 new ordinary shares on behalf of the Company raising approximately £3 million before expenses.
- The proceeds of the issue of new ordinary shares will be used to finance the working capital requirements for the development of the Company’s alkaline fuel cell technology.
- Nabarro Wells & Co. Limited is the nominated adviser to AFC Energy.