27 July 2023
AFC Energy PLC
("AFC Energy" or the "Company")
Appointment of Non-Executive Director
AFC Energy (AIM: AFC), a leading provider of hydrogen power generator technologies, is pleased to announce the appointment of Duncan Neale to the board as Non-Executive Director and Chair of the Audit Committee effective 1 August 2023.
Mr Neale is an experienced Non-Executive Director with a strong emphasis on the energy sector with current Board positions held with Gresham House Energy Storge Fund plc and Atrato Onsite Energy plc. He has held numerous senior finance roles over 20 years, including Chief Financial Officer for listed and private companies with an audit, corporate finance, fundraising and M&A background.
Duncan is a Fellow of the Institute of Chartered Accountants in England and Wales.
Duncan replaces Joe Mangion who steps down from the Board on 31 July 2023.
Commenting on his appointment, Gary Bullard, Chair of AFC Energy, said: "We are delighted to welcome Duncan to the Board as a Chair of the Audit Committee. Duncan brings a long history and sectoral experience in the energy market to this role and I believe he will be a strong addition to our Board. I also, on behalf of the Board, wish to thank and acknowledge Joe's contribution to the Board over many years, and wish him and his family all the very best for his retirement."
The following information is disclosed under Rule 17 of the AIM Rules for Companies ("AIM Rules") and Schedule Two Paragraph (g) of the AIM Rules:
Duncan John Neale (aged 54)
Mr Neale does not hold any ordinary shares nor options over ordinary shares in the Company.
| Current Directorships: | Past Directorships (within the last 5 years): |
| Atrato Onsite Energy plc | Mettrr UK Opco Limited |
| DJN Consultancy Ltd | |
| Gresham House Energy Storage Fund plc | |
There is no further information which is required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies in respect of Duncan John Neale.
For further information, please contact:
| AFC Energy plc Adam Bond (Chief Executive Officer) | +44 (0) 14 8327 6726 |
| Peel Hunt LLP - Nominated Adviser and Joint Broker Richard Crichton / Tom Ballard / Georgia Langoulant | +44 (0) 20 7418 8900 |
| Zeus - Joint Broker David Foreman / James Hornigold (Investment Banking) Dominic King (Corporate Broking) / Rupert Woolfenden (Sales) | +44 (0) 203 829 5000 |
| FTI Consulting - Financial PR Advisors Ben Brewerton | +44 (0) 203 727 1000 |
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 now deployable as electric vehicle chargers, off-grid decentralised power systems for construction and temporary power with emerging opportunities across maritime, data centres and rail as part of a portfolio approach to the decarbonisation of society's growing electrification needs.
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