Hydrogen Future Ind. - Issue of Equity
27/01/2025 13:08
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RNS Number : 8212U Hydrogen Future Industries PLC 27 January 2025
27 January 2025
Hydrogen Future Industries plc
("HFI" or the "Company")
Issue of Equity
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 it has issued 2,906,250 new ordinary shares of 1
pence each at a price of 1.6 pence per share to certain creditors in lieu of
cash for consultancy and service provider fees.
The shares will be subject to a 6 month lock-in agreement from the date of
Admission (as defined below).
Admission
Application will be made for the 2,906,250 new ordinary shares to be admitted
to trading on the Aquis Stock Exchange AQSE Growth Market ("Admission"). It is
expected that Admission of the new ordinary shares will become effective at
8.00 a.m. on or around 31 January 2025. The new ordinary shares will be issued
credited as fully paid and will rank in full for all dividends and other
distributions declared, made or paid after Admission and will rank pari passu
in all respects with the existing ordinary shares.
Total Voting Rights
Following Admission, the Company's issued share capital will comprise
64,656,250 ordinary shares, with each share carrying the right to one vote.
Therefore, the total number of voting rights in the Company will be
64,656,250. 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.
Total Voting Rights
Enquiries:
Hydrogen Future Industries plc
Neil Ritson, Executive Chairman +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
Inside Information
This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company accept responsibility
for the contents of this announcement.
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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