The information contained within this
announcement is deemed by the Company to
constitute inside information stipulated under the Market Abuse
Regulation (EU) No. 596/2014 as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018. Upon the
publication of this announcement via
the Regulatory Information Service, this inside information is now
considered to be in the public domain.
29 August 2024
Hydrogen Utopia International
PLC
(the
"Company" or
"HUI")
Director/PDMR
Shareholding
Hydrogen Utopia International PLC, a
company specialising in turning non-recyclable mixed waste plastic
into hydrogen and other carbon-free fuels, new materials or
distributed renewable heat, announces that
Howard White has purchased 500,000 ordinary shares of 0.1p each in
the Company ("Ordinary Shares") at an average price of GBP 0.0488
per Ordinary Share as set out below. Howard White is an Executive
Director of HUI.
Following this acquisition, Howard
White has a total interest in 16,275,834 Ordinary Shares,
representing 4.2% of the voting rights of the Company. The Company
has 385,520,000 Ordinary Shares in issue. The notification
below, made in accordance with the requirements of the Market Abuse
Regulation, provides further information.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Howard White
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Executive Director
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Hydrogen Utopia International
PLC
|
|
b)
|
LEI
|
213800COE9HVHUKUE126
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument Identification
code
|
Ordinary Shares of 0.1p
each
ISIN: GB00BMFR8J48
|
|
b)
|
Nature of the
transaction
|
Purchase of Ordinary
Shares
|
|
c)
|
Price(s) and volume(s)
|
|
|
Price
|
Volume
|
|
|
GBP:
0.0488
|
500,000
|
|
|
d)
|
Date of the
transaction
|
28 August 2024
|
|
e)
|
Place of the
transaction
|
London Stock Exchange
|
ENDS
For further
information please
contact:
Hydrogen
Utopia International PLC
Aleksandra
Binkowska
+44 20 3811
8770
Alfred Henry
Corporate Finance Limited (AQSE Corporate Adviser)
Nick Michaels/Maya Klein
Wassink
+44 20 3772 0021
Novum Securities
Limited (Broker)
Jon Belliss/Colin
Rowbury
+44 20 7399 9400
About Hydrogen Utopia
International PLC
HUI aims to become one of the leading new European
companies specialising in turning non-recyclable mixed waste
plastic into carbon-free fuels, new materials or distributed
renewable heat.
A HUI facility uses non-recyclable mixed waste
plastic as feedstock and turns it into syngas from which new
products and energy can be produced. HUI anticipates that its
revenues will be derived from a variety of sources, dependent upon
location and configuration of the HUI facilities, including the
sale of syngas, hydrogen and other gases, electricity and heat
sales, and the payment to it of fees for a given quantity of
non-recyclable mixed waste plastic received at a HUI facility.
HUI will target areas where there is significant
private sector interest or potential, financial backing is
accessible and or where substantial EU and/or government funded
sources of grants and loans are or may be available. The global
increase in fossil fuel-based energy prices reinforces the need for
alternative, price competitive energy sources, which
HUI's business model can provide.