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14 Apr 2021 14:00
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
14 April 2021: 2pm GMT
AFC Energy PLC
("AFC Energy" or the "Company")
Annual General Meeting Results
AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, announces that at its Annual General Meeting held at 12 noon on Wednesday 14 April 2021, all resolutions in the Notice of Annual General Meeting dated 17 March 2021 were passed by the necessary majority on a poll as follows:
Annual General Meeting - proxy voting results
Res. No. | Brief Description | Votes for & Discretion | % | Votes against | % | Total votes(ex. withheld) | Votes withheld |
ORDINARY RESOLUTIONS | |||||||
1 | To receive and adopt the financial statements for the year ended 31 October 2020 together with the reports of the Directors and the Auditors thereon. | 60,030,977
| 91.08% | 5,876,923
| 8.94% | 65,907,900
| 3,231,697
|
2 | To re-elect Joe Mangion, who retires by rotation, as a Director. | 41,250,063
| 59.80% | 27,725,853
| 40.28% | 68,975,916
| 163,681
|
3 | To re-appoint Grant Thornton UK LLP as Auditors to act as such until the conclusion of the next General Meeting of the Company at which the requirements of section 437 of the Companies Act 2006 ("the 2006 Act") are complied with. | 68,286,118
| 98.95% | 727,914 | 1.06% | 69,014,032
| 125,565
|
4 | To authorise the Directors of the Company to fix the remuneration of Grant Thornton UK LLP as auditors. | 68,175,153
| 98.80% | 829,860 | 1.21% | 69,005,013
| 134,584
|
5 | Authority to allot new shares. | 67,518,039 | 97.90% | 1,448,177
| 2.10% | 68,966,216
| 173,381
|
SPECIAL RESOLUTION | |||||||
6 | Authority to allot equity securities. | 67,486,737 | 97.89% | 1,452,642 | 2.11% | 68,939,379 | 200,218 |
These results are also available to view on the Company's website at https://www.afcenergy.com/investors/financial-reports/.
No shareholder questions received ahead of the AGM related to any of the resolutions. Questions received on operational matters have been accounted for and will be answered as part of AFC Energy's Capital Markets event from 2PM on 5 May 2021, where the Company will provide a full update on AFC Energy's commercial progress. To register your interest in the event, please contact FTI Consulting by no later than 5:00 p.m. on 23 April by email at afcenergy@fticonsulting.com or via (0203) 727 1000. A more detailed programme for the Capital Markets event will subsequently be sent to all registered attendees.
-ENDS-
For further information, please contact:
AFC ENERGY AND ADVISORS
|
About AFC Energy plc
AFC Energy plc is commercialising a scalable alkaline fuel cell system, to provide clean electricity for on and off grid applications. The technology, pioneered over the past twelve years in the UK, is now deployable in electric vehicle chargers, off-grid decentralised power systems and industrial gas plants as part of a portfolio approach to the decarbonisation of local electricity needs. (afcenergy.com)
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