General Meeting Results

AFC Energy Plc
28 June 2024
 

28 June 2024

AFC Energy plc

("AFC Energy", the "Group" or the "Company")

General Meeting Results

AFC Energy plc (AIM: AFC), a leading provider of hydrogen power generation technologies, announces that at its General Meeting held earlier today, all resolutions put to shareholders were duly passed by the necessary majority.

General Meeting - proxy voting results

Res. No.

Brief Description

Votes for & Discretion

%

Votes against

%

Total votes (ex. Withheld)

Votes withheld

Ordinary Resolutions

1.

Authority to allot shares for Conditional Fundraising

161,679,769

 

98.99

 

1,646,013

 

1.01

163,325,782

 

1,437,306

 

2.

Authority to allot shares for general purposes

160,795,408

 

98.45

 

2,530,374

 

1.55

 

163,325,782

 

1,437,306

 

Special Resolution

3.

Conditional on passing of ordinary resolution 1, disapplication of pre-emption rights

161,209,063

 

98.73

 

2,079,560

 

1.27

 

163,288,623

 

1,474,465

 

4.

Conditional on passing of ordinary resolution 2, disapplication of pre-emption rights

160,805,930

 

98.46

 

2,519,852

 

1.54

 

163,325,782

 

1,437,306

 

 

Settlement and Admission

An application has been made to the London Stock Exchange for 13,333,333 REX Retail Offer Shares and 17,204,036 Conditional Placing Shares to be admitted to trading on AIM ("Second Admission"). It is expected that Second Admission will take place at 8.00 a.m. on or around 1 July 2024 and that dealings on AIM will commence at the same time. When issued, the REX Retail Offer Shares and Conditional Placing Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of £0.001 each in the capital of the Company.

Total Voting Rights

Following Second Admission, the Company's enlarged issued ordinary share capital will be 852,757,806 ordinary shares, with no shares held in treasury. This 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 in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Unless otherwise defined, definitions contained in this Announcement have the same meaning as set out in the announcement made by the Company on 10 June 2024 regarding the launch of the Placing (the "Launch Announcement").

For further information, please contact:

AFC Energy plc

+44 (0) 14 8327 6726

Adam Bond (CEO)

Peter Dixon-Clarke (CFO)




Peel Hunt LLP - Nominated Adviser, Joint Broker and Joint Bookrunner

                +44 (0) 20 7148 8900

Richard Crichton / Georgia Langoulant (Investment Banking)




Zeus Capital Limited - Joint Broker and Joint Bookrunner

Dominic King / Rupert Woolfenden

Ben Robertson (ECM)

 

+44 (0) 203 829 5000

 

FTI Consulting - Financial PR Advisors

+44 (0) 203 727 1000

Ben Brewerton / Nick Hennis / Tilly Abraham

afcenergy@fticonsulting.com

 

 

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AFC Energy (AFC)
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