RNS Number : 9766C
AFC Energy Plc
26 January 2018

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.


26 January 2018

AFC Energy PLC


("AFC Energy" or the "Company")



Directorate Changes


AFC Energy (AIM: AFC), the industrial fuel cell power company, wishes to announce that Richard Tuffill, Chief Financial Officer and Company Secretary, will be leaving the Company at the end of March for personal reasons, after the completion of the Company's audit process for the year ended 31 October 2017.

Richard has provided valuable support to AFC Energy since joining and has strengthened the financial, reporting and internal controls at the company with a continued strong emphasis on cash preservation and governance.  Richard will continue to support the Company during its search for a replacement and to ensure a smooth handover of responsibilities. A search has been initiated for a successor, which we plan to have in place for when Richard departs.

John Rennocks, Chairman of AFC Energy, said: "I would like to thank Richard for his contribution to AFC Energy's progress and on behalf of all the Board and management, wish him very well for the future."

Richard Tuffill said: "I have thoroughly enjoyed working at AFC Energy over the past 15 months. The Company has made significant technical and commercial progress in recent months and I wish them every success in the future."


AFC Energy plc

Adam Bond (Chief Executive Officer)



+44 (0) 20 3697 1209

Cantor Fitzgerald Europe Nominated Adviser and Joint Broker

Andrew Craig

Richard Salmond 



+44 (0) 20 7894 7000

M C Peat & Co LLP Joint Broker

Charlie Peat


+44 (0) 20 7104 2334

Lionsgate Communications Public Relations

Jonathan Charles


+44 (0) 20 3697 1209


About AFC Energy


AFC Energy plc has developed and successfully demonstrated an alkaline fuel cell system, which converts hydrogen into "clean" electricity. AFC Energy's key project POWER-UP demonstrated the world's largest operational alkaline fuel cell system at Air Products' industrial gas plant in Stade, Germany.  The Company is now looking to build upon an already established pipeline of commercial opportunities and drive the findings from the development phase of the technology into a technically optimised and commercially relevant fuel cell system.  For further information, please visit our website:


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