Result of General Meeting

17 July 2020

AFC Energy plc

("AFC" or the "Company") 

Result of General Meeting

AFC Energy plc (AIM: AFC), a leading provider of hydrogen power generation technologies, announces that at its General Meeting held earlier today all Resolutions were duly passed, including Resolution 1 to approve the issue of the Conditional Fundraising Shares which are part of the Fundraising announced on 30 June 2020. The results of the proxy voting will be made available on the Company's website in due course, www.afcenergy.com.

Capitalised terms in this Announcement shall have the meanings given to such terms in the Company's announcement at 16.40 p.m. on 30 June 2020.

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for the 102,028,000 Conditional Fundraising Shares to be admitted to trading on AIM. It is expected that the Conditional Fundraising Shares will be admitted to trading on AIM at 8.00 a.m. on around 20 July 2020.

Following Admission of the Conditional Fundraising Shares, the total number of Ordinary Shares in the Company in issue will be 675,989,644 and the total number of voting rights will be 675,989,644. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

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