AFC ENERGY PLC

Declaration of Voting Results & Voting Rights Announcements • Apr 14, 2021

National Storage Mechanism | Additional information

RNS Number : 4833V

AFC Energy Plc

14 April 2021

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

14 April 2021: 2pm GMT

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 at 12 noon on Wednesday 14 April 2021, all resolutions in the Notice of Annual General Meeting dated 17 March 2021 were passed by the necessary majority on a poll as follows:

Annual General Meeting - proxy voting results

Res. No.	Brief Description	Votes for & Discretion	%	Votes against	%	Total votes (ex. withheld)	Votes withheld
ORDINARY RESOLUTIONS
1	To receive and adopt the financial statements for the year ended 31 October 2020 together with the reports of the Directors and the Auditors thereon.	60,030,977	91.08%	5,876,923	8.94%	65,907,900	3,231,697
2	To re-elect Joe Mangion, who retires by rotation, as a Director.	41,250,063	59.80%	27,725,853	40.28%	68,975,916	163,681
3	To re-appoint Grant Thornton UK LLP as Auditors to act as such until the conclusion of the next General Meeting of the Company at which the requirements of section 437 of the Companies Act 2006 ("the 2006 Act") are complied with.	68,286,118	98.95%	727,914	1.06%	69,014,032	125,565
4	To authorise the Directors of the Company to fix the remuneration of Grant Thornton UK LLP as auditors.	68,175,153	98.80%	829,860	1.21%	69,005,013	134,584
5	Authority to allot new shares.	67,518,039	97.90%	1,448,177	2.10%	68,966,216	173,381
SPECIAL RESOLUTION
6	Authority to allot equity securities.	67,486,737	97.89%	1,452,642	2.11%	68,939,379	200,218

These results are also available to view on the Company's website at https://www.afcenergy.com/investors/financial-reports/.

No shareholder questions received ahead of the AGM related to any of the resolutions.  Questions received on operational matters have been accounted for and will be answered as part of AFC Energy's Capital Markets event from 2PM on 5 May 2021, where the Company will provide a full update on AFC Energy's commercial progress.  To register your interest in the event, please contact FTI Consulting by no later than 5:00 p.m. on 23 April by email at afcenergy@fticonsulting.com or via (0203) 727 1000. A more detailed programme for the Capital Markets event will subsequently be sent to all registered attendees.

-ENDS-

For further information, please contact:

AFC ENERGY AND ADVISORS

AFC Energy plc Adam Bond (Chief Executive Officer)  Iain Thomson (Head of Communications and Stakeholder Management)	+44 (0) 14 8327 6726 investors@afcenergy.com
WH Ireland - Nominated Adviser and Joint Broker Mike Coe (Corporate Finance) Jasper Berry (Corporate Broking)	+44 (0) 117 945 3470
M C Peat & Co LLP - Joint Broker Charlie Peat	+44 (0) 20 7104 2334
Zeus Capital Limited - Joint Broker Daniel Harris (Corporate Finance) John Goold/Dominic King (Corporate Broking)	+44 (0) 203 829 5000
FTI Consulting - PR Advisors Sara Powell / Ben Brewerton	+44 (0) 203 727 1000 afcenergy@fticonsulting.com

About AFC Energy plc

AFC Energy plc is commercialising a scalable alkaline fuel cell system, to provide clean electricity for on and off grid applications. The technology, pioneered over the past twelve years in the UK, is now deployable in electric vehicle chargers, off-grid decentralised power systems and industrial gas plants as part of a portfolio approach to the decarbonisation of local electricity needs. (afcenergy.com)

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