Result of AGM

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 John Wilson (Chief Executive Officer)	[phone] [e-mail]
Karl Bostock (Chief Financial Officer) Peel Hunt LLP - Nominated Adviser and Joint Broker Richard Crichton / Georgia Langoulant / Emily Bhasin	[phone]
Zeus - Joint Broker David Foreman / James Hornigold (Investment Banking) Dominic King (Corporate Broking) / Rupert Woolfenden (Sales)	[phone]
DGA Group - Financial PR and Communications Advisors James Benjamin / James Styles	[phone] [phone] [e-mail]

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/ and follow us on LinkedIn

 

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