REG - Clean Power Hydrogen - Results of Retail Offer

Clean Power HydrogenAnnouncement

20/12/2024 17:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241220:nRST0080Ra&default-theme=true

RNS Number : 0080R  Clean Power Hydrogen  20 December 2024

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, NEW
ZEALAND, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN OR IN
OR INTO ANY OTHER JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW
OR REGULATION.

 

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF
CONSTITUTE AN OFFER FOR SALE OR SUBSCRIPTION OF ANY SECURITIES IN THE COMPANY.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION,
RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE
ACQUIRE OR DISPOSE OF ANY SECURITIES OF THE COMPANY IN ANY JURISDICTION WHERE
TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (596/2014/EU) AS IT FORMS PART OF UK DOMESTIC LAW
BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED) ("MAR"). IN
ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF
CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT
CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY MAR.
UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE
TO BE IN POSSESSION OF INSIDE INFORMATION.

 

20 December 2024

Clean Power Hydrogen plc

 

("CPH2", the "Company" or the "Group")

 

Results of Retail Offer

 

Posting of Circular & Notice of General Meeting

 

Further to the announcement by the Company in respect of the Retail Offer
dated 18 December 2024 (the "Retail Offer Announcement"), Clean Power Hydrogen
Plc (AIM: CPH2), is pleased to announce that, following the closing of the
Retail Offer on the BookBuild platform on 20 December 2024, the Company has
conditionally raised total gross proceeds of £0.076 million (the "Retail
Offer") by way of a successful subscription for a total of 1,017,813 Retail
Offer Shares at the Issue Price of 7.5 pence per share in connection with the
Retail Offer.

 

Other than where defined, capitalised terms used in this announcement have the
meanings given to them in the Retail Offer Announcement.

 

In addition, due to additional demand in the Subscription, the Company has
issued an additional 999,592 Subscription Shares. Consequently, it is now
anticipated that the Company will issue and allot 8,572,662 Placing Shares,
73,825,086 Subscription Shares and 1,017,813 Retail Offer Shares (together,
the "New Shares"), resulting in a total of 83,415,561 New Shares to be issued
in relation to the Fundraising.

 

Posting of Circular & Notice of General Meeting

 

The Fundraising is conditional on obtaining approval of the Shareholders at a
General Meeting of the Company, to be held at Apex Office Space, 1 Water Vole
Way, Doncaster DN4 5JP at 11:00 a.m. on 8 January 2025.

 

The Circular, containing the Notice of the General Meeting, which sets out the
Resolutions and further details on the Fundraising, has today been posted to
Shareholders and is available on the Company's website. The Circular includes
a unanimous Board recommendation that all Shareholders vote in favour of the
Resolutions.

 

Admission and Total Voting Rights

 

Application has been made to the London Stock Exchange for the New Shares to
be admitted to trading on AIM, subject to the passing of the Resolutions at
the General Meeting. Admission is expected to become effective in respect of,
and dealings on AIM are expected to commence in, all of the New Shares, at
8:00 a.m. on 9 January 2025.

 

Following Admission of the New Shares, the Company will have 353,099,688
Ordinary Shares in issue with the Company holding no Ordinary Shares in
treasury. Therefore, the total number of voting rights will also be
353,099,688. This figure may be used by shareholders as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, the share capital of the
Company under the FCA's Disclosure Guidance and Transparency Rules.

 

For further information, please contact:

 

 Clean Power Hydrogen plc                                via Camarco
 Jon Duffy, Chief Executive Officer
 James Hobson, Chief Financial Officer

 Cavendish Capital Markets Limited - NOMAD & Broker
 Neil McDonald                                           +44 (0)131 220 9771
 Peter Lynch                                             +44 (0)131 220 9772
 Adam Rae                                                +44 (0)131 220 9778

 Camarco PR                                              +44 (0)20 3757 4980
 Billy Clegg
 Owen Roberts
 Kirsty Duff

 

Further information on the Company can be found on its website at:
https://www.cph2.com/

 

IMPORTANT NOTICE

 

The content of this announcement has been prepared by, and is the sole
responsibility of, the Company.

This announcement, and the information contained herein is not for release,
publication or distribution, directly or indirectly, in whole or in part, in
or into or from the United States of America, Canada, Australia, New Zealand,
Singapore, the Republic of South Africa, the Republic of Ireland or Japan or
into any other jurisdiction where to do so might constitute a violation of the
relevant laws or regulations of such jurisdiction (the "Restricted
Jurisdictions").

 

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America. This announcement is not
an offer of securities for sale into the United States. The Retail Offer
Shares referred to herein have not been and will not be registered under the
Securities Act and may not be offered or sold in the United States, expect
pursuant to an applicable exemption from registration. No public offering of
Retail Shares is being made in the United States.

 

This announcement does not constitute or form part of an offer to sell or
issue or a solicitation of an offer to buy, subscribe for or otherwise acquire
any securities in any jurisdiction including, without limitation, the
Restricted Jurisdictions or any other jurisdiction in which such offer or
solicitation would be unlawful. This announcement and the information
contained in it is not for publication or distribution, directly or
indirectly, to persons in a Restricted Jurisdiction, unless permitted pursuant
to an exemption under the relevant local law or regulation in any such
jurisdiction.

 

The distribution of this announcement may be restricted by law in certain
jurisdictions and persons into whose possession any document or other
information referred to herein comes should inform themselves about and
observe any such restriction. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such jurisdiction.

 

This announcement has not been approved by the London Stock Exchange or any
other securities exchange.

 

No prospectus or offering document will be made available in connection with
the matters contained in this Announcement and no such prospectus is required
(in accordance with Regulation (EU) 2017/1129 as it forms part of UK law by
virtue of the European Union (Withdrawal) Act 2018) to be published.

 

Certain statements in this announcement are forward-looking statements which
are based on the Company's expectations, intentions and projections regarding
its future performance, anticipated events or trends and other matters that
are not historical facts. These forward-looking statements, which may use
words such as "aim", "anticipate", "believe", "could", "intend", "estimate",
"expect" and words of similar meaning, include all matters that are not
historical facts. These forward-looking statements involve risks, assumptions
and uncertainties that could cause the actual results of operations, financial
condition, liquidity and dividend policy and the development of the industries
in which the Group's businesses operate to differ materially from the
impression created by the forward-looking statements. These statements are not
guarantees of future performance and are subject to known and unknown risks,
uncertainties and other factors that could cause actual results to differ
materially from those expressed or implied by such forward-looking statements.
Given those risks and uncertainties, prospective investors are cautioned not
to place undue reliance on forward-looking statements. Forward-looking
statements speak only as of the date of such statements and, except as
required by the FCA, the London Stock Exchange or applicable law, the Company
undertakes no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events or
otherwise.

 

Any indication in this announcement of the price at which the Ordinary Shares
have been bought or sold in the past cannot be relied upon as a guide to
future performance. Persons needing advice should consult an independent
financial adviser. No statement in this announcement is intended to be a
profit forecast and no statement in this announcement should be interpreted to
mean that earnings per share of the Company for the current or future
financial years would necessarily match or exceed the historical published
earnings per share of the Group.

 

Cavendish Capital Markets Limited, which is authorised and regulated in the
United Kingdom by the FCA, is acting for the Company and for no one else in
connection with the transaction or arrangements described in this announcement
and will not be responsible to anyone other than the Company for providing the
protections afforded to clients of Cavendish Capital Markets Limited or for
providing advice in relation to the transaction or arrangements described in
this announcement, or any other matters referred to in this announcement.

 

No representation or warranty, express or implied, is or will be made as to,
or in relation to, and no responsibility or liability is or will be accepted
by or on behalf of the Company, Cavendish Capital Markets Limited, or by their
affiliates or their respective agents, directors, officers and employees as
to, or in relation to, the accuracy or completeness of this announcement or
any other written or oral information made available to or publicly available
to any interested party or its advisers, and any liability therefore is
expressly disclaimed.

 

The Retail Offer Shares to be issued pursuant to the Retail Offer will not be
admitted to trading on any stock exchange other than to trading on AIM, being
the market of that name operated by the London Stock Exchange.

 

Neither the content of the Company's website (or any other website) nor the
content of any website accessible from hyperlinks on the Company's website (or
any other website) is incorporated into, or forms part of, this announcement.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ROIFEAFWSELSESE