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AFC Energy PLC announced on April 16, 2026, that all resolutions put to shareholders at its Annual General Meeting were passed by the necessary majority. These resolutions included the re-election of various directors and the approval to change the company's registered name to H-Power plc, with 98.90% of votes cast in favour of the name change. The change of name is subject to Companies House issuing a Certificate of Incorporation.
| Date | 16 Apr 2026 |
| Time | 12:48:42 |
| Category | AGMs and other meetings |
| ID | 8004A |
16 April 2026
AFC Energy PLC
("AFC Energy" or the "Company")
Annual General Meeting Results
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.
FOR FURTHER INFORMATION, PLEASE CONTACT:
|
AFC Energy Plc John Wilson (Chief Executive Officer) |
+44 (0) 14 8327 6726 |
|
Karl Bostock (Chief Financial Officer)
Peel Hunt LLP - Nominated Adviser and Joint Broker Richard Crichton / Georgia Langoulant / Emily Bhasin |
+44 (0) 207 418 8900
|
|
Zeus - Joint Broker David Foreman / James Hornigold (Investment Banking) Dominic King (Corporate Broking) / Rupert Woolfenden (Sales) |
+44 (0) 203 829 5000 |
|
DGA Group - Financial PR and Communications Advisors James Benjamin / James Styles
|
+44 (0) 7747 113 930 +44 (0) 7510 385 554 |
ABOUT AFC ENERGY
AFC Energy Plc is a leading provider of ammonia-based low carbon hydrogen production and hydrogen-to-power solutions. Our market-leading decentralised ammonia cracker and fuel cell generator products are engineered to unlock the low carbon hydrogen market by meeting customers' needs with scalable, reliable supplies of low carbon hydrogen and power. AFC Energy is enabling customers to decarbonise at a price that is commercially viable.
We are focused on the successful commercial rollout of our core product suite and on creating significant shareholder value by converting our growing opportunity pipeline into contracted orders and delivering sustained revenue growth.
Our core strategy is to develop and deploy products that enable the production of scalable, reliable supplies of clean hydrogen at commercially viable prices and without reliance on government subsidies or incentives. AFC Energy achieves this through our proprietary, decentralised and modular ammonia cracker technology, and providing low carbon, off‑grid power solutions with our fuel cell generators that are competitive with, and capable of displacing, diesel generators on a total cost of ownership basis.
The Company's modular, decentralised ammonia cracker systems have production capacities of approximately 0.5 and 4 tonnes of hydrogen per day respectively. These enable the generation of scaled volumes of low carbon hydrogen at the point of use within a highly compact footprint. Our systems have the potential to drive substantial revenue growth across a wide range of addressable markets, including hard‑to‑abate industrial facilities, transportation and power generation applications.
AFC Energy's fuel cell generator systems are currently offered with generation capacities of 30 kW and 200 kW. They are well-suited to off‑grid, decentralised and temporary power applications, including the displacement of diesel generators on construction and infrastructure sites. Further use cases include electric vehicle charging for cars, buses and trucks, as well as charging of battery‑powered non‑road machinery, with additional emerging opportunities in maritime, data centre and rail applications.
AFC Energy is listed on the London Stock Exchange's AIM Market and headquartered in Dunsfold, Surrey, UK.
Please read more on our website https://www.afcenergy.com/ and follow us on LinkedIn