AFC Energy plc, a leading provider of hydrogen power generation technologies, held a General Meeting where all resolutions were passed by the necessary majority. The proxy voting results showed overwhelming support for the resolutions, including the authority to allot shares for Conditional Fundraising and general purposes, as well as the disapplication of pre-emption rights. An application has been made for the admission of REX Retail Offer Shares and Conditional Placing Shares to trading on AIM, with Second Admission expected to take place around 1 July 2024.

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.

For further information, shareholders can contact AFC Energy plc or its financial advisors. The company's CEO, Adam Bond, and CFO, Peter Dixon-Clarke, can be reached at +44 (0) 14 8327 6726. Peel Hunt LLP and Zeus Capital Limited are the Nominated Adviser, Joint Broker, Joint Bookrunner, and Joint Broker, Joint Bookrunner, respectively. FTI Consulting serves as the Financial PR Advisors.

This announcement follows the launch of the Placing on 10 June 2024.