REG - AFC Energy Plc - Annual General Meeting Results

AFC EnergyAnnouncement

28/04/2023 07:00

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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.  Brief Description                     Votes for & Discretion      %      Votes against  %      Total votes (ex. Withheld)  Votes withheld

 No.
 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 (mailto: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)           +44 (0) 203 829 5000

 Dominic King (Corporate Broking) / Rupert Woolfenden (Sales)

 FTI Consulting - Financial PR Advisors                         +44 (0) 203 727 1000

 Ben Brewerton / Nick Hennis / Dhruv Soni                       afcenergy@fticonsulting.com (mailto:afcenergy@fticonsulting.com)

 

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