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AFC Energy ( (GB:AFC) ) has issued an update.
AFC Energy Plc has announced the grant of nominal cost options over 14,795,076 ordinary shares to its newly appointed Chief Executive Officer, John Wilson, and Chief Financial Officer, Karl Bostock, as compensation for incentives forfeited from their previous roles. The share awards, part of the company’s Employee Share Option Plan, are intended to ensure leadership stability and align with shareholder interests. Additionally, remuneration arrangements for Gary Bullard, Executive Chairman and interim CEO, include a grant of 1,088,990 shares equivalent to a salary of £217,600. These strategic moves reflect AFC Energy’s commitment to attracting and retaining top management talent, likely enhancing its market position and stakeholder confidence.
More about AFC Energy
AFC Energy Plc operates in the clean energy sector, primarily focusing on the development and production of alkaline fuel cells. The company aims to provide sustainable and efficient energy solutions, targeting markets that require clean power alternatives.
YTD Price Performance: -12.52%
Average Trading Volume: 2,786,852
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £79.37M
For an in-depth examination of AFC stock, go to TipRanks’ Stock Analysis page.