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Linc Energy Limited Acquires 10 Percent Of AFC Energy

Thu, 10/14/2010 - 1:22pm
PowerPulse.net

Linc Energy Ltd. announced that it has exercised its option to acquire 10% of AFC Energy, a UK-based hydrogen fuel cell company focused on the development and construction of low cost hydrogen fuel cells for the cleanest power generation.

Linc Energy has invested GBP2.97 million to acquire 10% of AFC Energy at a discount of 7.5% to the 30 day VWAP, equaling an exercise price of 17.72 pence per share, which represents a discount of approximately 45% to AFC’s closing share price of 32.25 pence on 13 October 2010.

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