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Pin to quick picksAFC Energy Regulatory News (AFC)

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Appointment of Non-Executive Director

22 Sep 2011 07:00

RNS Number : 7029O
AFC Energy Plc
22 September 2011
 



22 September 2011

AFC Energy PLC

("AFC Energy" or the "Company")

 

Appointment of Non-Executive Director

 

AFC Energy (AIM: AFC), a developer of alkaline fuel cells, is pleased to announce the appointment of David Smith as a non-executive director of the Company. David joins the board on 26 September 2011 and will represent Linc Energy, a significant shareholder in AFC Energy.

 

David is Chief Operating Officer at Linc Energy with responsibilities that extend across the strategic areas of its group. He is a representative Linc Energy director at the Yerostigaz Underground Coal Gasification (UCG) facility in Uzbekistan, which has been operational since 1961. He is also an alternate director for other companies in which Linc Energy has an interest.

 

Adam Bond, General Manager - European Operations at Linc Energy, will act as Linc Energy's alternate director when required. Adam is responsible for the development and delivery of Linc Energy's European expansion in the United Kingdom, mainland Europe and Russia.

 

Tim Yeo, Chairman of AFC Energy plc, commented: "Linc Energy is an important commercial partner of AFC Energy as well as a major shareholder. I am delighted to welcome David to our board representing Linc Energy and believe his experience and knowledge will bring a better understanding of clean coal opportunities and enhance commercialisation at both AFC Energy and Linc Energy."

 

David Smith commented: "Linc Energy has been working with AFC Energy for two years and our shareholding in the Company, which we increased in July 2011, is a clear indication of our support and belief in the technology AFC Energy is developing. I am delighted to be joining the board at such an exciting time."

 

For further information, please contact:

 

AFC Energy plcTim Yeo, ChairmanIan Balchin, Deputy Chairman (executive)David Marson, Finance Director

+44 (0)1483 276726

Allenby Capital LimitedBrian StockbridgeDan Robinson

+44 (0)20 3328 5656

Threadneedle Communications

John Coles

Fiona Conroy

+44 (0)20 7653 9850

Say Communications

Sue Glanville

Geraldine Fernandez

+44 (0)20 8971 6400

 

 

About AFC Energy

 

AFC Energy is a leading developer of low-cost alkaline fuel cells. AFC Energy's technology is focused on large-scale industrial applications and the objective of producing the lowest possible unit cost electricity. Please visit our website at www.afcenergy.com.

Linc Energy

 

Linc Energy is an innovative, forward thinking energy company and Australia's leader in clean coal technology. The company's vision is to become a dominant player in the supply of more environmentally friendly power, diesel and jet fuel.

 

Linc Energy aims to achieve this vision by bringing together two production processes known as Underground Coal Gasification (UCG) clean coal technology and Gas to Liquids (GTL).

 

These processes should economically convert large "stranded" coal deposits into clean liquid fuels. Linc Energy also intends to use the Syngas produced from UCG clean coal technology as feedstock for gas turbines to generate environmentally friendly electricity.

 

The company has the opportunity to provide a viable, more sustainable and smart alternative source of liquid fuels and power generation into the foreseeable future.

 

Linc Energy represents a new future for liquid fuels production and power generation.

 

Regulatory information

 

David Ian Smith (42 years old)

 

David Smith is or has been a director of the following companies in the last five years:

 

Current directorships

 

Previous directorships

Dame Consulting Pty Ltd

Dame Holdings (Qld) Pty Ltd

Dame Super Pty Ltd

Mollyndave Pty Ltd

None

 

Save as disclosed above, there are no further disclosures to be made in relation to David Smith under Schedule Two, paragraph (g) (i)‒(viii) of the AIM Rules for Companies.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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