Result of AGM
AFC Energy Plc announced that all resolutions were passed at its Annual General Meeting, including the approval of financial statements with 99.32% of votes in favour, the re-appointment of the auditor with 99.21% in favour, and the remuneration of auditors with 99.15% in favour. Resolutions to re-elect directors G. Agnew, M. Biddulph, K. Bostock, G. Bullard, D. Neale, and J. Wilson passed with varying majorities, ranging from 84.56% to 97.78%. The remuneration report was approved with 92.42% in favour. Shareholders also approved resolutions to allot shares (98.38% for), allot equity securities (97.75% for), and change the company's registered name to H-Power plc with 98.90% in favour, pending Companies House confirmation.
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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.
Please read more on our website https://www.afcenergy.com/ and follow us on LinkedIn
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