Clean Power Hydrogen - Deed of Termination and Settlement

Clean Power Hydrogen

Today 07:00

RNS Number : 8528J
  
Clean Power Hydrogen PLC
  
26 June 2026
  
 


 
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION EU NO. 596/2014, AS RETAINED AND APPLICABLE IN THE UK PURSUANT TO SECTION 3 OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
 
  
26 June 2026
Clean Power Hydrogen plc
("CPH2", the "Company" or the "Group")
 
Deed of Termination and Settlement
 
Clean Power Hydrogen plc (AIM: CPH2), the UK-based green hydrogen technology company, announces that it has executed a deed of termination and settlement (the "Settlement") in respect of the subcontract between Lagan MEICA Limited ("Lagan") and the Company relating to the Northern Ireland Water 1MW MFE220.
 
The parties have agreed to settle all matters between them, relating to the delayed delivery of an MFE220 unit, and terminate the subcontract through the payment of a settlement sum. The Settlement is conditional upon a future fundraise (the "Fundraise") and CPH2 shall pay the settlement sum to Lagan within 7 days of completion of the Fundraise, provided that the Fundraise is completed on or before 31 July 2026.
 
The Board believes this outcome provides a clear and structured pathway to resolving the position and, if completed, will remove uncertainty in relation to the project and allow the Company to focus on its core strategy and future commercial opportunities.
 
 
For more information, please contact:
 




Clean Power Hydrogen plc


+44 (0)130 232 8075




Richard Scott, Chief Executive Officer Elect








James Hobson, Chief Financial Officer


















Cavendish Capital Markets Limited - NOMAD & Joint Broker








Neil McDonald


+44 (0)131 220 9771




Peter Lynch


+44 (0)131 220 9772




Hanna Leijonmarck


+44 (0)20 7220 6029














Turner Pope Investments (TPI) Limited - Joint Broker








Andy Thacker


+44 (0)20 3657 0050




Guy McDougall








 
For more information: https://www.cph2.com
 




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