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Pin to quick picksAFC Energy Share News (AFC)

Share Price Information for AFC Energy (AFC)

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Share Price: 19.00
Bid: 18.52
Ask: 18.58
Change: -0.46 (-2.36%)
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Open: 19.46
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EXECUTIVE CHANGES: Hydrogen Future Industries 25% shareholder made CEO

Thu, 25th Apr 2024 15:47

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

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Hydrogen Future Industries PLC - London-based developer of a wind-based green hydrogen production system - Timothy Blake moves to chief executive officer from CEO of wholly owned subsidiary HFI Energy Systems Ltd, effective immediately. Blake has led the subsidiary for the past two years. He is the company's largest shareholder at 24.8%, but he won't join the board. "Timothy is principally responsible for the development of what we believe will represent a game-changing performance improvement in the wind turbine sector globally, having completely rethought the traditional turbine model," comments Chair Neil Ritson. At the same time, Daniel Maling moves to chief commercial officer from executive director, and Fungai Ndoro steps down as non-executive director.

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Corcel PLC - Angola- and Brazil-focused oil exploration and production - Makes Scott Gilbert its interim CEO and an executive director. Gilbert currently is a consultant to Corcel and has 15 years experience in the oil and gas sector, with time spent in Angola and Brazil. Antoine Karam remains executive chair.

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Critical Mineral Resources PLC - exploration and development of clean energy metals in Morocco - Promotes Dominic Traynor to non-executive chair, replacing Christopher Lambert, who departed immediately just prior to Christmas. Traynor has been on the board for two years. He is a part of law firm Druces LLP. Critical Mineral Resources also announces its financial results for 2023. Pretax loss narrows to GBP1.1 million from GBP4.1 million. The company has no revenue. The narrowed loss is due to GBP2.9 million in net impairment losses on disposal of assets that were taken in 2022 and are not repeated.

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MC Mining Ltd - developing coal projects in South Africa - Chair Nhlanhla Nene steps down from board, effective immediately, having held the chair for two years. Provides no information on a successor. MC Mining says Nene leaves the company on a "more stable footing" than it was in 2022, "with clear development plans for its large coal resource base".

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AFC Energy PLC - Surrey, England-based fuel cell technology focused initially on construction and temporary power markets - Promotes Non-Executive Director Duncan Neale to senior independent director. The announcement is made as AFC Energy holds its annual general meeting on Thursday.

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By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
18 Jun 2024 20:56

EARNINGS AND TRADING: RiverFort Global net asset value decreases

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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18 Jun 2024 09:06

AFC Energy delivers first high-power generator

(Sharecast News) - Shares in AFC Energy advanced on Tuesday after the hydrogen power-generation group announced the delivery of its highest rated zero emission power generator.

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12 Jun 2024 16:41

EARNINGS AND TRADING: Distil loss widens; Genflow welcomes grant

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
11 Jun 2024 18:51

IN BRIEF: AFC Energy's placing and subscription oversubscribed

AFC Energy PLC - Cranleigh, England-based provider of hydrogen power generation technologies - Raises GBP13.8 million by way of an oversubscribed placing and a direct subscription with certain directors of the company at 15 pence per share. In addition, plans to raise further GBP2.0 million via retail offer at the same price. Directors Gary Bullard, Adam Bond, Peter Dixon-Clarke and Monika Biddulph subscribe for total GBP100,000 worth of shares.

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10 Jun 2024 17:28

IN BRIEF: AFC Energy touts fundraise to fast track H-Power delivery

AFC Energy PLC - Cranleigh, England-based provider of hydrogen power generation technologies - Announces proposed fundraising via placing of shares and direct subscription with certain directors to raise approximately GBP13.5 million at a price per share of 15 pence. Also announces a proposed financing on the "REX" platform to existing retail investors at the issue price to raise up to GBP2.0 million. No part of the fundraising is being underwritten.

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29 May 2024 15:45

EXECUTIVE CHANGES: Resolute Mining hires former Acacia exec as chair

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and Wednesday and not separately reported by Alliance News:

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20 May 2024 14:44

AFC Energy inks deal to supply fuel cells to Niftylift

(Sharecast News) - Hydrogen power generation technology developer AFC Energy announced an agreement to supply its S Series fuel cell modules to Niftylift UK on Monday.

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20 May 2024 13:48

AFC Energy to supply Europe's largest mobile work platform maker

(Alliance News) - AFC Energy PLC on Monday said it had received an order from Niftylift (UK) Ltd.

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17 May 2024 18:55

TRADING UPDATES: PetroTal buys Peru's Block 131 for USD5.0 million

(Alliance News) - The following is a round-up of updates by London-listed companies, issued last week Wednesday and not separately reported by Alliance News:

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8 May 2024 14:20

AFC Energy chooses Illuming Power as manufacturing partner

(Sharecast News) - Hydrogen power generation technology specialist AFC Energy announced the selection of North American manufacturer Illuming Power as its primary producer of fuel cell plates and stacks for its 'S Series' air-cooled platform.

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18 Apr 2024 14:12

UK shareholder meetings calendar - next 7 days

Friday 19 April 
Murray International Trust PLCAGM
Quantum Exponential Group PLCGM re delisting or potential investment in company
Monday 22 April 
Renalytix PLCGM
Travis Perkins PLCAGM
Tuesday 23 April 
AIQ LtdAGM
NatWest Group PLCAGM
Taylor Wimpey PLCAGM
Wednesday 24 April 
abrdn PLCAGM
abrdn Equity Income Trust PLCAGM
AssetCo PLCAGM
Breedon Group PLCAGM
British American Tobacco PLCAGM
Bunzl PLCAGM
Coro Energy PLCAGM
Croda International PLCAGM
Entain PLCAGM
Greencoat UK Wind PLCAGM
Primary Health Properties PLCAGM
Serco Group PLCAGM
Synectics PLCAGM
Thursday 25 April 
AFC Energy PLCAGM
Admiral Group PLCAGM
Beazley PLCAGM
BP PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Develop North PLCAGM
Drax Group PLCAGM
Everest Global PLCAGM
Greencoat Renewables PLCAGM
Hammerson PLCAGM
Helios Towers PLCAGM
Hikma Pharmaceuticals PLCAGM
International Biotechnology Trust PLCAGM
London Stock Exchange Group PLCAGM
Manx Financial Group PLCAGM
Mattioli Woods PLCGM re Pollen Street Capital Ltd takeover
Persimmon PLCAGM
Premier Miton Global Renewables Trust PLCAGM
Relx PLCAGM
Schroders PLCAGM
Smithson Investment Trust PLCAGM
Tissue Regenix Group PLCAGM
Weir Group PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
26 Mar 2024 20:40

IN BRIEF: AFC Energy revenue falls; loss widens

AFC Energy PLC - Surrey, England-based provider of hydrogen power generation technologies - Revenue from customer contracts falls to GBP227,000 in the year ended October 31, from GBP582,000 a year earlier. Pretax loss widens to GBP19.6 million from GBP19.5 million. Says 2024 is focussed on delivery. Chief Executive Adam Bond says: "We are well placed to build on the foundations set in 2023 and look forward to the successful deliveries of our new H-Power Generators into the hands of customers throughout the remainder of the 2024 calendar year."

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14 Mar 2024 16:53

TRADING UPDATES: FireAngel CFO resigns; ECR Minerals raises GBP585,000

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
11 Mar 2024 13:18

AFC Energy completes factory testing of H-Power generator

(Alliance News) - AFC Energy PLC on Monday celebrated the successful factory acceptance test of its 30 kilowatt generator.

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