REG - AFC Energy Plc - Result of AGM

AFC EnergyAnnouncement

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RNS Number : 8004A  AFC Energy Plc  16 April 2026

16 April 2026

 

AFC Energy PLC

("AFC Energy" or the "Company")

 

Annual General Meeting Results

 

AFC Energy (AIM: AFC), a leading provider of ammonia-based low carbon hydrogen
production and hydrogen-to-power solutions at a commercially viable price
point, announces that at its Annual General Meeting held earlier today, all
resolutions put to shareholders were duly passed by the necessary majority.

Annual General Meeting - proxy voting results

 

                                                   Against                   Votes Withheld                                           For + Discretion
 Resolution  Description                           Votes       % Votes Cast  Votes           Total Votes Cast (excl. Votes Withheld)  Votes        % Votes Cast
 1.          FINANCIAL STATEMENTS                  1,561,033   0.68          413,304         228,249,969                              226,688,936  99.32
 2.          RE-APPOINT AUDITOR                    1,810,498   0.79          504,812         228,158,461                              226,347,963  99.21
 3.          REMUNERATION OF AUDITORS              1,942,917   0.85          497,354         228,165,919                              226,223,002  99.15
 4.          RE-ELECT G.AGNEW                      24,886,268  10.96         1,507,630       227,155,643                              202,269,375  89.04
 5.          RE-ELECT M.BIDDULPH                   5,045,549   2.22          1,552,026       227,111,247                              222,065,698  97.78
 6.          RE-ELECT K.BOSTOCK                    19,677,980  8.65          1,060,047       227,603,226                              207,925,246  91.35
 7.          RE-ELECT G.BULLARD                    22,133,411  9.72          1,001,951       227,661,322                              205,527,911  90.28
 8.          RE-ELECT D.NEALE                      26,206,761  11.54         1,516,720       227,146,553                              200,939,792  88.46
 9.          RE-ELECT J.WILSON                     35,142,826  15.44         1,044,077       227,619,196                              192,476,370  84.56
 10.         REMUNERATION REPORT                   17,178,863  7.58          2,061,160       226,602,113                              209,423,250  92.42
 11.         ALLOT SHARES                          3,700,540   1.62          926,821         227,736,452                              224,035,912  98.38
 12.         CHANGE COMPANY NAME                   2,504,650   1.10          418,597         228,244,676                              225,740,026  98.90
 13.         ALLOT EQUITY SECURITIES               5,138,673   2.25          474,106         228,189,167                              223,050,494  97.75

 

Change of Company's Registered Name to H-Power plc

 

Further to receipt of shareholder approval of the Special Resolution required
to authorise changing the Company's registered name to H-Power plc, such
change is subject to Companies House issuing a Certificate of Incorporation on
Change of Name. A further announcement will be made in due course following
receipt of such certificate. Shareholders will remain unaffected by the change
when made effective and existing share certificates will remain valid and
should be retained.

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

 AFC Energy Plc                                                 +44 (0) 14 8327 6726

 John Wilson (Chief Executive Officer)                          investors@afcenergy.com (mailto:investors@afcenergy.com)
 Karl Bostock (Chief Financial Officer)

 Peel Hunt LLP - Nominated Adviser and Joint Broker              +44 (0) 207 418 8900

 Richard Crichton / Georgia Langoulant / Emily Bhasin

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

 David Foreman / James Hornigold (Investment Banking)

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

 DGA Group - Financial PR and Communications Advisors           +44 (0) 7747 113 930

 James Benjamin / James Styles                                  +44 (0) 7510 385 554

                                                                afcenergy@dgagroup.com (mailto:afcenergy@dgagroup.com)

ABOUT AFC ENERGY

 

AFC Energy Plc is a leading provider of ammonia-based low carbon hydrogen
production and hydrogen-to-power solutions. Our market-leading decentralised
ammonia cracker and fuel cell generator products are engineered to unlock the
low carbon hydrogen market by meeting customers' needs with scalable, reliable
supplies of low carbon hydrogen and power. AFC Energy is enabling customers to
decarbonise at a price that is commercially viable.

 

We are focused on the successful commercial rollout of our core product suite
and on creating significant shareholder value by converting our growing
opportunity pipeline into contracted orders and delivering sustained revenue
growth.

 

Our core strategy is to develop and deploy products that enable the production
of scalable, reliable supplies of clean hydrogen at commercially viable prices
and without reliance on government subsidies or incentives. AFC Energy
achieves this through our proprietary, decentralised and modular ammonia
cracker technology, and providing low carbon, off‑grid power solutions with
our fuel cell generators that are competitive with, and capable of displacing,
diesel generators on a total cost of ownership basis.

 

The Company's modular, decentralised ammonia cracker systems have production
capacities of approximately 0.5 and 4 tonnes of hydrogen per day respectively.
These enable the generation of scaled volumes of low carbon hydrogen at the
point of use within a highly compact footprint. Our systems have the potential
to drive substantial revenue growth across a wide range of addressable
markets, including hard‑to‑abate industrial facilities, transportation and
power generation applications.

 

AFC Energy's fuel cell generator systems are currently offered with generation
capacities of 30 kW and 200 kW. They are well-suited to off‑grid,
decentralised and temporary power applications, including the displacement of
diesel generators on construction and infrastructure sites. Further use cases
include electric vehicle charging for cars, buses and trucks, as well as
charging of battery‑powered non‑road machinery, with additional emerging
opportunities in maritime, data centre and rail applications.

 

AFC Energy is listed on the London Stock Exchange's AIM Market and
headquartered in Dunsfold, Surrey, UK.

 

Please read more on our website https://www.afcenergy.com/
(https://www.afcenergy.com/) and follow us on LinkedIn
(https://www.linkedin.com/company/afc-energy/)

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