27 January 2025
Hydrogen Future Industries
plc
("HFI" or
the "Company")
Issue of
Equity
Hydrogen Future Industries
plc (AQSE: HFI), a developer of
a proprietary wind-based green hydrogen production system featuring
an advanced aerodynamic wind turbine and a high-performance
electrolyser, announces that it has issued 2,906,250 new ordinary
shares of 1 pence each at a price of 1.6 pence per share to certain
creditors in lieu of cash for consultancy and service provider
fees.
The shares will be subject to a 6
month lock-in agreement from the date of Admission (as defined
below).
Admission
Application will be made for the
2,906,250 new ordinary shares to be admitted to trading on the
Aquis Stock Exchange AQSE Growth Market ("Admission"). It is
expected that Admission of the new ordinary shares will become
effective at 8.00 a.m. on or around 31 January 2025. The new
ordinary shares will be issued credited as fully paid and will rank
in full for all dividends and other distributions declared, made or
paid after Admission and will rank pari passu in all respects with the
existing ordinary shares.
Total Voting Rights
Following Admission, the Company's
issued share capital will comprise 64,656,250 ordinary shares, with
each share carrying the right to one vote. Therefore, the total
number of voting rights in the Company will be 64,656,250. This
figure may be used by shareholders as the denominator for
calculations by which they will determine if they are required to
notify their interest in the Company, or a change to their interest
in the Company, under the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules.
Total Voting Rights
Enquiries:
|
Hydrogen Future Industries plc
|
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Neil Ritson, Executive
Chairman
|
+44 (0) 20 3475 6834
|
|
Vigo
Consulting (Investor Relations)
|
|
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Ben Simons
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+44 (0) 20 7390 0230
|
|
Peter Jacob
|
|
|
|
|
|
Cairn Financial Advisers LLP (AQSE Corporate
Adviser)
|
|
|
Ludovico Lazzaretti
Liam Murray
|
+44 (0) 20 72130 880
|
|
|
|
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Peterhouse Capital Limited (Broker)
|
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Duncan Vasey
|
+44 (0) 20 7469 0930
|
Inside Information
This announcement contains inside
information for the purposes of the UK Market Abuse Regulation and
the Directors of the Company accept responsibility for the contents
of this announcement.
About Hydrogen Future Industries
Hydrogen Future Industries was
established to invest in projects and companies focused on the
Hydrogen Economy. We are developing a proprietary wind-based
hydrogen production system, incorporating hydrogen compression and
storage. Through this technology, we aim to significantly reduce
the cost of hydrogen production from renewable sources and provide
on-demand energy storage in the form of hydrogen at a fraction of
the cost of lithium-ion battery storage.
Click here for
more information about Hydrogen Future Industries.
Visit our
website: www.hydrogenfutureindustries.com
Follow us on social
media:
LinkedIn: @Hydrogen
Future Industries
X (formerly
Twitter): @HydrogenFI
