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)
| +44 (0) 14 8327 6726 |
| Peel Hunt LLP - Nominated Adviser and Joint Broker Richard Crichton / Georgia Langoulant / Brian Hanratty | +44 (0) 207 418 8900
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Zeus - Joint Broker David Foreman / James Hornigold (Investment Banking) Dominic King (Corporate Broking) / Rupert Woolfenden (Sales) |
+44 (0) 203 829 5000 |
|
RBC Capital Markets - Joint Broker Matthew Coakes / Teri Su Eduardo Famini / Jack Wood
FTI Consulting - Financial PR Advisors Ben Brewerton / Tilly Abraham / Evie Taylor |
+44 (0) 20 7653 4000
+44 (0) 203 727 1000 |
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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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