REG - AFC Energy Plc - Annual General Meeting Results

AFC EnergyAnnouncement

23/04/2025 13:00

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RNS Number : 8832F  AFC Energy Plc  23 April 2025

23 April 2025

 

AFC Energy PLC

("AFC Energy" or the "Company")

 

Annual General Meeting Results

 

 

 

AFC Energy (AIM: AFC), a leading provider of hydrogen energy solutions,
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

                                                   Votes For + Discretion      Votes Against             Votes Withheld  Total Votes Cast (excl. Votes Withheld)
 Resolution  Description                           Votes         % Votes Cast  Votes       % Votes Cast  Votes           Votes
 Ordinary Resolutions
 1.          FINANCIAL STATEMENTS                  109,601,552   99.78         236,703     0.22          456,730         109,838,255
 2.          RE-APPOINT AUDITORS                   109,489,640   99.66         373,250     0.34          432,095         109,862,890
 3.          REMUNERATION OF AUDITORS              109,363,981   99.68         354,133     0.32          576,871         109,718,114
 4.          ELECT J WILSON                        100,855,257   91.87         8,926,975   8.13          504,287         109,782,232
 5.          ELECT K BOSTOCK                       109,364,077   99.62         418,155     0.38          504,287         109,782,232
 6.          RE-ELECT G BULLARD                    105,890,855   96.66         3,658,491   3.34          535,173         109,549,346
 7.          RE-ELECT M BIDDULPH                   108,437,524   98.98         1,115,364   1.02          536,831         109,552,888
 8.          REMUNERATION REPORT                   84,374,368    77.09         25,073,942  22.91         846,675         109,448,310
 9.          ALLOT RELEVANT SECURITIES             108,303,588   98.66         1,469,152   1.34          522,245         109,772,740
 Special Resolution
 10.         DISAPPLICATION of PRE-EMPTION RIGHTS  107,043,551   97.56         2,677,989   2.44          573,445         109,721,540

 

The Board notes that resolution 8 received 77.09% proxy votes in favour, but
recognises that a significant minority of shareholders voted against this
resolution. The Company intends to engage with shareholders in order to better
understand the reasons behind the result and will provide an update on the
feedback received from those shareholders and any actions the Company intends
to take within six months of the date of the Annual General Meeting.

 

 

For further information, please contact:

 

 AFC Energy plc                                                 +44 (0) 14 8327 6726

 John Wilson (Chief Executive Officer)                          investors@afcenergy.com (mailto:investors@afcenergy.com)

 Peel Hunt LLP - Nominated Adviser and Joint Broker             +44 (0) 207 418 8900

 Richard Crichton / Georgia Langoulant / Emily Bhasin
 Zeus - Joint Broker                                            +44 (0) 203 829 5000

 David Foreman / James Hornigold (Investment Banking)

 Dominic King (Corporate Broking) / Rupert Woolfenden (Sales)

 RBC Capital Markets - Joint Broker                             +44 (0) 20 7653 4000

 Matthew Coakes / Teri Su

 Eduardo Famini / Jack Wood

 FTI Consulting - Financial PR Advisors                         +44 (0) 203 727 1000

 Ben Brewerton / Chris Laing / Evie Taylor                      afcenergy@fticonsulting.com (mailto:afcenergy@fticonsulting.com)

 

 

About AFC Energy

 

AFC Energy plc is a leading innovator in hydrogen-based power and ammonia
cracking solutions, delivering clean energy for on-grid and off-grid
applications. The Company's hydrogen fuel cell technology provides a
sustainable alternative to diesel power generation, supporting electric
vehicle charging, decentralised power systems for construction, and temporary
power needs. AFC Energy is also exploring new opportunities across maritime,
data centres, and rail, driving the decarbonisation of growing electrification
demands.

 

The Company's subsidiary, Hyamtec, is commercialising proprietary ammonia
cracking technology to unlock new opportunities in distributed hydrogen
production. This includes hydrogen refuelling, natural gas displacement for
industrial processes, and hydrogen combustion engine conversions. Hyamtec's
solutions are designed to meet the decarbonisation needs of industries such as
mining, cement, asphalt, power generation, and heavy engineering, supporting
the global transition to clean energy.

 

 

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