REG - AFC Energy Plc - Appointment of Non-Executive Director

AFC EnergyAnnouncement

27/07/2023 07:15

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RNS Number : 3306H  AFC Energy Plc  27 July 2023

27 July 2023

AFC Energy PLC

("AFC Energy" or the "Company")

 

Appointment of Non-Executive Director

AFC Energy (AIM: AFC), a leading provider of hydrogen power generator
technologies, is pleased to announce the appointment of Duncan Neale to the
board as Non-Executive Director and Chair of the Audit Committee effective 1
August 2023.

Mr Neale is an experienced Non-Executive Director with a strong emphasis on
the energy sector with current Board positions held with Gresham House Energy
Storge Fund plc and Atrato Onsite Energy plc.  He has held numerous senior
finance roles over 20 years, including Chief Financial Officer for listed and
private companies with an audit, corporate finance, fundraising and M&A
background.

Duncan is a Fellow of the Institute of Chartered Accountants in England and
Wales.

Duncan replaces Joe Mangion who steps down from the Board on 31 July 2023.
 

Commenting on his appointment, Gary Bullard, Chair of AFC Energy, said: "We
are delighted to welcome Duncan to the Board as a Chair of the Audit
Committee.  Duncan brings a long history and sectoral experience in the
energy market to this role and I believe he will be a strong addition to our
Board.  I also, on behalf of the Board, wish to thank and acknowledge Joe's
contribution to the Board over many years, and wish him and his family all the
very best for his retirement."

 

 

 

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

Duncan John Neale (aged 54)

Mr Neale does not hold any ordinary shares nor options over ordinary shares
in the Company.

 Current Directorships:                 Past Directorships (within the last 5 years):
 Atrato Onsite Energy plc               Mettrr UK Opco Limited
 DJN Consultancy Ltd
 Gresham House Energy Storage Fund plc

 

There is no further information which is required to be disclosed under
Schedule Two, paragraph (g) of the AIM Rules for Companies in respect
of Duncan John Neale.

 

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
 Zeus - Joint Broker                                            +44 (0) 203 829 5000

 David Foreman / James Hornigold (Investment Banking)

 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 a leading provider of hydrogen energy solutions, to provide
clean electricity for on and off grid power applications. The Company's fuel
cell technology is now deployable as electric vehicle chargers, off-grid
decentralised power systems for construction and temporary power with emerging
opportunities across maritime, data centres and rail as part of a portfolio
approach to the decarbonisation of society's growing electrification needs.

 

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