Zeus is delighted to have acted as Joint Broker and Joint Bookrunner to AFC Energy plc, on their £15.8 million equity placing, subscription and retail offer.
AFC Energy plc is a leading provider of hydrogen power generation technologies. AFC Energy is in a growth phase and looking to continue to scale up its manufacturing capabilities to meet increased demand for its unique hydrogen fuel cells.
The net proceeds of the fundraising will be utilised to capitalise on the Company’s existing commercial routes to market for its H-Power generators, specifically the rollout of both pre-existing and pipeline orders when placed, investment in production equipment, and to support commercial development.
Zeus Team
Members of the Zeus team included: David Foreman, James Hornigold, Oscar Stack (Investment Banking); Dominic King (Corporate Broking); and Robin Byde (Research)
Adam Bond
CEO of AFC Energy plc“We are pleased to have received the valuable support of Zeus as Joint Broker in delivering a successful and over-subscribed placement to accelerate our growth plans in these challenging times for UK equity markets.”
Contact
If you would like further information, please get in touch with our team.
This web page constitutes a financial promotion for the purposes of section 21 of the Financial Services and Markets Act 2000 and has been approved by Zeus Capital Limited, which is authorised and regulated by the Financial Conduct Authority.