REG - AFC Energy Plc - Appointment of Chief Financial Officer

AFC EnergyAnnouncement

29/09/2022 07:16

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RNS Number : 0754B  AFC Energy Plc  29 September 2022

29 September 2022

AFC Energy PLC

("AFC Energy" or the "Company")

 

Appointment of Chief Financial Officer

AFC Energy (AIM: AFC), a leading provider of hydrogen power generation
technologies, is pleased to announce its intention to appoint Peter
Dixon-Clarke to the board as Chief Finance Officer. A further announcement
will be made at such time as his appointment becomes effective.

Mr Dixon-Clarke brings 30 years' experience in senior finance roles, largely
in the energy or financial services sectors. Peter has been involved in equity
fund raising (private and public), debt financing and refinancing, strategic
roles and reorganising financial teams and systems. Prior to joining, Peter
was Chief Financial Officer at AIM listed vanadium flow battery company
Invinity Energy Systems and previously had leadership roles with Hotspur
Geothermal Limited and Rockhopper Exploration plc.

Peter is a member of the Institute of Chartered Accountants in England and
Wales.

The information included below is required under Rule 17 of the AIM Rules for
Companies ("AIM Rules") and Schedule Two Paragraph (g) of the AIM Rules:

Mr Peter Dixon-Clarke, aged 56

 Current directorships:             Past directorships (within the last five years):
 Camco Holdings UK Limited          Hotspur Geothermal Limited
 Camco Services UK Limited          Hotspur Drilling Limited

 Redt Energy Holdings (UK) Limited  Invinity Energy Systems plc
 Re-fuel Technology Limited
 Invinity Energy Nexus Limited

 Invinity Energy (UK) Limited

 

Mr Dixon-Clarke does not currently hold any shares in, or options over shares
in, the capital of the Company.

Whilst at Amlin plc ("Amlin"), Mr Dixon-Clarke was appointed as a director of
Hilton Malcolm Underwriting Ltd ("HMU") on 1 April 1995 for Amlin's
shareholding and resigned on 15 January 1997. On 7 August 1997 a petition for
winding up HMU was presented by Amlin and on 19 November 1997 a compulsory
winding up order was made and liquidators were appointed. Amlin was the only
creditor.

Save as set out above, there is no further information required to be
disclosed pursuant to Rule 17 and Schedule 2 paragraph (g) of the AIM Rules.

 

Commenting on his appointment, Adam Bond, Chief Executive Officer at AFC
Energy, said: "We are delighted to have Peter join AFC Energy as Chief
Financial Officer and an Executive Director on our Board.  Peter brings a
long history in the energy industry working with both listed and non-listed
companies across the conventional and new energy space and I look forwards to
working closely with Peter as part of the Company's Executive Team."

 

For further information, please contact:

 AFC Energy plc                                                 +44 (0) 14 8327 6726

 Adam Bond (Chief Executive Officer)                            investors@afcenergy.com (mailto:investors@afcenergy.com)
 Peel Hunt LLP - Nominated Adviser and Joint Broker             +44 (0) 20 7418 8900

 Richard Crichton / Tom Ballard / Georgia Langoulant
                                                                +44 (0) 20 7104 2334

 M C Peat & Co LLP - Joint Broker

 Charlie Peat
 Zeus - Joint Broker

 Daniel Harris / 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                                                  afcenergy@fticonsulting.com (mailto:afcenergy@fticonsulting.com)

 

About AFC Energy

AFC Energy plc is commercialising scalable "fuel flexible" fuel cell systems,
to provide clean electricity for on and off grid applications. The technology,
initially pioneered in the UK, is now deployable in electric vehicle chargers,
off-grid decentralised power systems and data centre applications with
emerging opportunities across maritime and rail as part of a portfolio
approach to the decarbonisation of local electricity needs.

 

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