REG - AFC Energy Plc - General Meeting Results

AFC EnergyAnnouncement

28/06/2024 12:00

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RNS Number : 3839U  AFC Energy Plc  28 June 2024

28 June 2024

AFC Energy plc

("AFC Energy", the "Group" or the "Company")

General Meeting Results

AFC Energy plc (AIM: AFC), a leading provider of hydrogen power generation
technologies, announces that at its General Meeting held earlier today, all
resolutions put to shareholders were duly passed by the necessary majority.

General Meeting - proxy voting results

 Res. No.  Brief Description                                                               Votes for & Discretion      %      Votes against  %     Total votes (ex. Withheld)  Votes withheld
 Ordinary Resolutions
 1.        Authority to allot shares for Conditional Fundraising                           161,679,769                 98.99  1,646,013      1.01  163,325,782                 1,437,306

 2.        Authority to allot shares for general purposes                                  160,795,408                 98.45  2,530,374      1.55  163,325,782                 1,437,306

 Special Resolution
 3.        Conditional on passing of ordinary resolution 1, disapplication of pre-emption  161,209,063                 98.73  2,079,560      1.27  163,288,623                 1,474,465
           rights

 4.        Conditional on passing of ordinary resolution 2, disapplication of pre-emption  160,805,930                 98.46  2,519,852      1.54  163,325,782                 1,437,306
           rights

 

Settlement and Admission

An application has been made to the London Stock Exchange for 13,333,333 REX
Retail Offer Shares and 17,204,036 Conditional Placing Shares to be admitted
to trading on AIM ("Second Admission"). It is expected that Second Admission
will take place at 8.00 a.m. on or around 1 July 2024 and that dealings on AIM
will commence at the same time. When issued, the REX Retail Offer Shares and
Conditional Placing Shares will be credited as fully paid and will rank pari
passu in all respects with the existing ordinary shares of £0.001 each in the
capital of the Company.

Total Voting Rights

Following Second Admission, the Company's enlarged issued ordinary share
capital will be 852,757,806 ordinary shares, with no shares held in treasury.
This figure may be used by shareholders in the Company as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change in their interest in, the share capital of the
Company under the FCA's Disclosure Guidance and Transparency Rules.

Unless otherwise defined, definitions contained in this Announcement have the
same meaning as set out in the announcement made by the Company on 10 June
2024 regarding the launch of the Placing (the "Launch Announcement").

For further information, please contact:

 AFC Energy plc                                              +44 (0) 14 8327 6726
 Adam Bond (CEO)

 Peter Dixon-Clarke (CFO)

 Peel Hunt LLP - Nominated Adviser, Joint Broker and Joint Bookrunner                                                          +44 (0) 20 7148 8900
 Richard Crichton / Georgia Langoulant (Investment Banking)

 Zeus Capital Limited - Joint Broker and Joint Bookrunner    +44 (0) 203 829 5000

 Dominic King / Rupert Woolfenden

 Ben Robertson (ECM)

 FTI Consulting - Financial PR Advisors                                               +44 (0) 203 727 1000
 Ben Brewerton / Nick Hennis / Tilly Abraham                 afcenergy@fticonsulting.com

 

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