Hydrogen Future Ind. - Additional Subscription
08/04/2024 07:00
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RNS Number : 5861J Hydrogen Future Industries PLC 08 April 2024
8 April 2024
Hydrogen Future Industries plc
("HFI" or the "Company")
Additional Subscription
Hydrogen Future Industries plc (https://hydrogenfutureindustries.com/) (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 the Company has raised an additional £60,000
through a subscription (the "Subscription") of 1,200,000 new ordinary shares
of 1 pence each (the "Subscription Shares") at a price of 5 pence per new
ordinary share (the "Subscription Price").
The Subscription includes one warrant for every two new ordinary shares
subscribed for, exercisable at the Subscription Price for a period of two
years from Admission (as defined below) (the "Warrants"). In aggregate 600,000
Warrants have been issued as part of the Subscription.
Use of Proceeds
The proceeds of the Subscription will be used to further strengthen the
Company's working capital position following the February 2024 equity raise of
£552,500.
Admission
Application has been made for the 1,200,000 Subscription Shares to be
admitted to trading on the Aquis Stock Exchange Growth Market ("Admission").
Admission is expected to occur at 8:00 a.m. on or around 11 April 2024.
Total Voting Rights
Following Admission, the Company's issued share capital will comprise
61,750,000 ordinary shares, with each share carrying the right to one vote.
Therefore, the total number of voting rights in the Company will be
61,750,000. 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.
Enquiries:
Hydrogen Future Industries plc
Daniel Maling, Executive Director +44 (0) 20 3475 6834
Vigo Consulting (Investor Relations)
Ben Simons +44 (0) 20 7390 0230
Peter Jacob
Cairn Financial Advisers LLP (AQSE Corporate Adviser)
Ludovico Lazzaretti +44 (0) 20 72130 880
Liam Murray
Peterhouse Capital Limited (Broker)
Duncan Vasey +44 (0) 20 7469 0930
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
(https://hydrogenfutureindustries.com/wp-content/uploads/2022/07/HFI-Flyer-for-Website.pdf)
for more information about Hydrogen Future Industries.
Visit our website: www.hydrogenfutureindustries.com
(http://www.hydrogenfutureindustries.com/)
Follow us on social media:
LinkedIn: @Hydrogen Future Industries
(https://www.linkedin.com/company/hydrogen-future-industries)
X (formerly Twitter): @HydrogenFI (https://twitter.com/HydrogenFI)
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