AFC ENERGY PLC

Board/Management Information • Mar 1, 2021

National Storage Mechanism | Additional information

RNS Number : 5842Q

AFC Energy Plc

01 March 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.

1 March 2021

AFC Energy plc

("AFC Energy" or the "Company")

Chairman Retirement

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, announces that John Rennocks has indicated his intention to retire from his role as the Non-Executive Chairman of AFC Energy, and to step down from the Board, following the Company's forthcoming Annual General Meeting (AGM).  The date for the AGM will be announced imminently.

As part of a succession plan already agreed by the Board, the Company's Nomination Committee is currently in discussion with potential candidates and an announcement on the appointment of a new Chair will be made in due course.

The Board thanks John for his commitment and support since being appointed in June 2017 and wishes him well for the future.

-ENDS-

For further information, please contact:

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
Tuva Partners - Public Relations Alex Brooks	+44 (0) 7900 205 460

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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