AGM Results and Appointment of SID

AFC Energy Plc

25 April 2024

 

25 April 2024

AFC Energy PLC

("AFC Energy" or the "Company")

Annual General Meeting Results and appointment of Senior Independent Director

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

Annual General Meeting - proxy voting results

Res. No.	Brief Description	Votes for & Discretion	%	Votes against	%	Total votes (ex. Withheld)	Votes withheld
Ordinary Resolutions
1.	FINANCIAL STATEMENTS	108,986,224	99.92%	88,762	0.08%	109,074,986	586,074
2.	RE-APPOINT AUDITORS	108,967,678	99.91%	101,373	0.09%	109,069,051	592,009
3.	REMUNERATION OF AUDITORS	108,418,992	99.43%	623,809	0.57%	109,042,801	618,259
4.	ELECT DUNCAN NEALE	108,006,078	99.79%	232,636	0.21%	108,238,714	1,422,346
5.	APPROVE REMUNERATION REPORT	89,126,618	81.81%	19,813,764	18.19%	108,940,382	720,678
6.	AUTHORITY TO ALLOT SHARES	106,703,447	97.55%	2,684,362	2.45%	109,387,809	273,251
Special Resolution
7.	DISAPPLICATION OF PRE-EMPTION RIGHTS	107,311,291	98.15%	2,024,874	1.85%	109,336,165	324,895

The Company is pleased to announce that director Duncan Neale has been appointed as senior independent non-executive director of the Company, in addition to his role as chair of the Audit & Risk Committee.

For further information, please contact:

AFC Energy plc Adam Bond (Chief Executive Officer)	[phone] [e-mail]
Peel Hunt LLP - Nominated Adviser and Joint Broker Richard Crichton / Georgia Langoulant / Brian Hanratty	[phone]
Zeus - Joint Broker David Foreman / James Hornigold (Investment Banking) Dominic King (Corporate Broking) / Rupert Woolfenden (Sales)	[phone]
RBC Capital Markets - Joint Broker Matthew Coakes / Teri Su Eduardo Famini / Jack Wood FTI Consulting - Financial PR Advisors Ben Brewerton / Tilly Abraham / Evie Taylor	[phone] [phone] [e-mail]

About AFC Energy

 AFC Energy plc is a leading provider of hydrogen energy solutions, to provide clean electricity for on and off grid power applications. The Company's fuel cell technology is targeting near term commercial deployment across the construction and temporary power markets with longer term opportunities in electric vehicle charging, maritime and data centres as part of a portfolio approach to the decarbonisation of society's growing electrification needs.  The Company's proprietary ammonia cracking technology further highlights emerging opportunities across the distributed hydrogen production market with a focus on hydrogen's role in supporting the decarbonisation of hard to abate industries.

 

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