RNS Number : 7883XAFC Energy Plc28 April 2023

AFC Energy Plc

28 April 2023

AFC Energy Plc

("AFC Energy" or the "Company")

Annual General Meeting Results

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, announces that at its Annual General Meeting held yesterday, 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

60,100,198

75.95

19,035,060

24.05

79,135,258

39,444,565

2.

RE-APPOINT AUDITORS

102,427,259

99.53

486,940

0.47

102,914,199

15,665,624

3.

REMUNERATION OF AUDITORS

67,657,695

78.18

18,884,782

21.82

86,542,477

32,037,346

4.

RE-ELECT JIM GIBSON

117,645,439

99.52

562,001

0.48

118,207,440

372,383

5.

RE-ELECT GERRY AGNEW

99,571,347

84.24

18,621,301

15.76

118,192,648

387,175

6.

ELECT PETER DIXON-CLARKE

117,707,453

99.58

496,402

0

118,203,855

375,968

7.

APPROVE REMUNERATION REPORT

55,788,805

73.34

20,276,291

26.66

76,065,096

42,514,727

8.

AUTHORITY TO ALLOT SHARES

117,145,370

99.05

1,127,806

0.95

118,273,176

306,647

Special Resolutions

9.

DISAPPLICATION OF PRE-EMPTION RIGHTS

117,130,345

98.99

1,192,342

1.01

118,322,687

257,136

The Board of Directors notes that resolutions 1, 3 and 7 received votes of 75.95%, 78.18 and 73.34% respectively in favour but recognises that a significant minority of shareholders voted against these resolutions. 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

Adam Bond (Chief Executive Officer)

+44 (0) 14 8327 6726

[email protected]

Peel Hunt LLP- Nominated Adviser and Joint Broker

Richard Crichton / Tom Ballard / Georgia Langoulant

+44 (0) 207 418 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 / Nick Hennis / Dhruv Soni

+44 (0) 203 727 1000

[email protected]

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. ENDRAGFFFSLSTIDFIV

==