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Zeus acted as Joint Bookrunner to AFC Energy equity placing

Zeus acted as Joint Bookrunner to AFC Energy plc to raise £36m by way of an equity placing, including a £3.25m subscription by ABB and a £1.5m subscription by Dutco.

AFC Energy plc (AIM:AFC), are a leading provider of hydrogen power generation technologies. Net proceeds of the fundraising will be used to support the continued product development of AFC Energy and ABB’s next generation high power sustainable electric vehicle charging solutions, the development of new power solutions utilising AFC Energy’s alkaline fuel cell technology platform, including the high growth global data centre market in collaboration with ABB and the continued development of the Company’s scalable manufacturing capacity to address possible future growth in system demand.

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Dominic King Head of Corporate Broking & Sales+44 (0) 203 829 5607LinkedIn Scan with your phone camera to add to contacts Download vCard

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