AFC ENERGY PLC

AGM Information • Apr 28, 2023

National Storage Mechanism | Additional information

RNS Number : 7883X

AFC Energy Plc

28 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 investors@afcenergy.com
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 afcenergy@fticonsulting.com

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