AFC Energy Director Increases Shareholding
Why we think this is neutral
This RNS announcement is a routine Director/PDMR Shareholding disclosure, which does not contain any significant news about the company's operations, financials, or future prospects. While it is positive that the Non-Executive Chairman has increased his stake in the company, this type of announcement typically does not have a material impact on the share price or investor sentiment.
Key Points
- Elaine Sullivan, spouse of Non-Executive Chairman Gary Bullard, purchased 94,343 ordinary shares in AFC Energy
- Mr. Bullard now holds 4,000,000 Ordinary Shares, representing 0.47% of the company's issued share capital
Summary
AFC Energy Plc (AIM: AFC), a leading provider of hydrogen power generation technologies, has announced that Elaine Sullivan, the spouse of Gary Bullard, Non-Executive Chairman, purchased 94,343 ordinary shares of the company at a price of £0.06 per share. Following this transaction, Mr. Bullard is now interested in 4,000,000 Ordinary Shares, representing 0.47% of the company's issued share capital.