http://www.afcenergy.com/

Dawnay, Day Corporate Broking Research Note

Aim Admission Document

Of course it could have come from that Lanstead lot.

I think they're going to need some pretty impressive RNS's though .I was surprised there were only is it 220 million shares in circulation before this.

Speculative! - no kidding! :- Beaufort Securities Speculative Buy 10.25 10.25 - - Reiterates

Notice of General Meeting

Further to the announcement issued on 8 October 2014, AFC Energy (AIM: AFC), the industrial fuel cell power company, is pleased to announce that a circular dated today's date relating to the proposed Placing and Open Offer (the "Circular") will shortly be published and dispatched to Shareholders with a form of proxy for use in connection with the General Meeting. The Circular will shortly be available on the Company's website: www.afcenergy.com and will also be available at the Company's Registered Office.

Capitalised terms used in this announcement have the meanings given to them in the Circular.

I can see no reason why they could not have released the details in today's RNS at the same time as the sp knocking RNS that was released last Wednesday.

It is obvious they had all the details required, if only they had put out Section 5 of todays document I am sure that the sp would not have reacted in the way it did,

5. Use of proceeds

The Company considers the principal areas of focus, in relation to which it proposes to utilise the proceeds of the Capital Raising, to be:

· the delivery of the Power Up commercial demonstration by mid 2015;
· the full automation of production with a doubling of the speed of electrode production and a doubling of fuel cell production output in the next 6 months;
· establishing a US presence by the end of 2014 and rapidly developing and delivering initial US market opportunities;
· continuing the delivery of initial commercial opportunities; and
· undertaking an independent review of the Company's structure.

Be interesting to see today's close.

Admission of Shares

AFC Energy (AIM: AFC), the industrial fuel cell power company, is pleased to announce that further to the announcement issued on 13 October 2014, the Lanstead Placing Shares and Lanstead Value Shares (as so described in that announcement) totalling 23,100,000 new Ordinary Shares will be admitted to trading at 8.00am on Wednesday 15 October 2014.

I received details of my entitlement this morning - now let me think - pay 10p or (if I did want any more) buy @9.44p in the market!

Hi Skinny,

At the moment I can buy the same number of shares I would receive via the offer at 9.44p, so even with the dealing costs buying through the market would be cheaper than via the offer.

I am sure the placing will cover AFC's cash flow for quite a while and as I am not a charity, I am not going to take up the offer.

Greekman - re my post 759 - I'll be doing neither - although I may take the market option if they hit 7.25p.

Like you I am not buying more.

http://www.afcenergy.com/blog/2014/10/16/24/usa

Could be a very opportune moment to start looking more seriously at pushing AFC fuel cells into the USA.

Just read a report re Shale Gas problems in the USA where there have been hundreds of small earth tremors that have been put down to fracking on the evidence that there is no record of such tremors in these areas before fracking started.

Of course we are supposed to believe that fracking is 100% safe by so called scientific studies put out by both the energy companies and government bodies, both of course with vested interests.

It would be nice to see fracking totally discredited, causing an even more focused approach to safer more efficient and cost effective means of producing energy.

Fuel cells anyone.

Hmm, yes well it is about time that the fracking sp went back over 40p!

Well said, Kim

greek - sorry old chap, but i really do not believe that report ..... it is all too convenient and looks very much like disinformation from the anti-fracking lobby

saudi and other countries too, have used fracking for years and years, and though the process and geological structures may be different, there have never been any such stories
how would i know?
well our business has an indirect involvement, especially in saudi

Wondering and hoping that as soon as the deadline is passed re the open offer, we get some good news, you never know such news might have been held back, a contract that was signed since the placing/offer was announced to the market perhaps.

We can but dream!

Ed Davey the Energy Secretary will on Tuesday unveil a package of measures designed to reduce pressure on the National Grid over winter.

These measures will include the National Grid paying large companies to generate their own power in the event of shortages (after of course already declaring that there will not be any shortages).

These incentives will be yet another prod on top of ever increasing energy costs that could make companies, both big and medium sized to look at cheaper energy production, remember John Lewis that had been looking at AFC fuel cells to name but one.

I have always thought that once a few companies get on board with AFC others would follow, who knows once we get a few customers in Korea, the UK and the USA the PR will take care of itself.

Result of General Meeting & Open Offer

AFC Energy (AIM: AFC), the industrial fuel cell power company, is pleased to announce that at the General Meeting held earlier today, all resolutions were duly passed.

AFC Energy further announces the result of the Open Offer which closed for acceptances at 11.00 a.m. on 29 October 2014. Valid acceptances, including excess applications, have been received in respect of 9,208,627 ordinary shares of 0.1p each (the "Open Offer Shares"), representing a total of approximately 23.7 per cent. of the Open Offer Shares available under the Open Offer. The Company has therefore raised gross proceeds of £920,862.70 through the Open Offer.

Application has been made for the Open Offer Shares and the 30,000,000 Placing Shares described in the circular dated 13 October 2014 to be admitted to trading on AIM at 8.00 a.m. on Friday, 31 October 2014 ("Admission").

Following Admission of the Open Offer Shares and the Placing Shares, the total number of ordinary shares and voting rights in the Company will be 285,683,534. The Company does not hold any shares in treasury.

The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

I wonder if any of the institutions involved in the placing will now be offered the 76.3% of shares that were not taken up in the open offer.

There you go Greekman - 8.75p to buy!

There are cr*p weeks and really cr*p weeks, as far as AFC are concerned its been a really cr*p week with a capital C.