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.
30 December 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 0.027 per
Ordinary Share.
Following this acquisition, Howard
White, Executive Director of HUI, has a total interest in
16,775,834 Ordinary Shares, representing 4.35% of the voting rights
of the Company.
The Company has 385,520,000 Ordinary
Shares in issue.
The notifications below, made
in accordance with the requirements of the Market Abuse Regulation,
provides further information.
Howard White, Executive Director of
HUI, commented: "I believe
HUI shares offer exceptional value at this
time; I have gifted myself a belated
Christmas present."
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
|
|
|
0.027
|
500,000
|
|
|
d)
|
Date of the
transaction
|
27 December 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 (0) 20 8064
4056
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.