REG - Hydrogen Utopia Intl - Director and Employee Share Option Repricing

Hydrogen Utopia InternationalAnnouncement

10/10/2025 17:15

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RNS Number : 9821C  Hydrogen Utopia International PLC  10 October 2025

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. 

10 October 2025

Hydrogen Utopia International PLC
(the "Company" or "HUI")

Director and Employee Share Option Repricing
Hydrogen Utopia International PLC (LSE: HUI), a company developing technology to convert non-recyclable waste plastics into hydrogen and other clean energy, announces that the Remuneration Committee, led by Steve Medlicott and Paul Formanko, has undertaken a review of director and employee remuneration and incentive arrangements.

Over the past twelve months, the Company has operated with a minimal cost
base, during which both executive and non-executive directors have forgone the
majority of their salaries to preserve cash resources. During this period, the
Company has also revised its strategic focus, which, despite operational
progress, has coincided with a decline in the Company's share price. As a
result, previously awarded share options are now substantially out of the
money.

Following careful consideration, the Remuneration Committee has resolved to
reprice certain existing share options and to grant new options to directors
and employees in recognition of unpaid remuneration and to provide appropriate
long-term incentives aligned with shareholder interests.

1. Repricing of Existing Share Options
 Director            Number of Options  Previous Exercise Price (p)  New Exercise Price (p)
 Paul Formanko       1,720,000          5.00                         1.65
 Steve Medlicott     3,440,000          5.00                         1.65
 James Nicholls-May  1,729,730          9.25                         1.65
 James Nicholls-May  645,161            3.88                         1.65

2. New Share Options Granted (in lieu of unpaid salaries)
 Director              Number of Options  Exercise Price (p)  Value of Unpaid Salary (£)
 Howard White          3,636,363          1.65                60,000
 Aleksandra Binkowska  3,636,363          1.65                60,000
 Paul Formanko         1,515,152          1.65                25,000
 Steve Medlicott       1,515,152          1.65                25,000

3. Issue of Shares for Their Services ( Past and Future)
 Recipient                                        Number of Shares  Issue Price (p)  Value (£)   Purpose
 Novum Securities Limited (AlbR Capital Limited)  2,307,692         1.625            37,500      Advisory Fees

(These shares have already been announced with the omission of the number of
shares; thereafter, it is a clarification).

New directors Richard Fish was allotted shares at a nominal value for his
invaluable connections and introduction to the InEnTec technology, which was
previously announced upon his appointment, and Naser Nuredini was allotted
share options at market value upon his appointment. The Remuneration Committee
considers these adjustments to be a fair and proportionate measure recognising
the long-term commitment of directors who have supported the Company over an
extended period, often without remuneration, while ensuring that all board
members, new and long-standing ones, are aligned going forward.

The executive directors have also personally demonstrated their commitment to
the Company. They have jointly secured an option for the TRL 9 InEnTec
Technology using their own funds, underpinning HUI's access to advanced
hydrogen and waste-to-energy solutions. Furthermore, Aleksandra Binkowska, the
Company's Chief Executive Officer, has taken a loan against her own shares to
assist the Company during a period of financial strain, further evidence of
the Board's belief in the long-term potential of Hydrogen Utopia
International.

Despite the lack of remuneration and the challenging market conditions, both
executive and non-executive directors continue to serve on minimal salaries,
deliberately avoiding unnecessary cash burn and disruption to the market where
such action is not required. The Board remains extremely optimistic about the
Company's ambitions in the MENA (Middle East and Africa), especially, GCC
(Gulf Cooperation Council) region, where significant opportunities are
emerging for hydrogen and circular-economy technologies, and believes that HUI
is well positioned to capitalise on these developments.

The company's current position and prospects, particularly given the progress
expected to unfold in the near term.

The Board believes these actions are in the best interests of the Company and
its shareholders as a whole, recognising the substantial unpaid remuneration
of directors and employees while aligning incentives with the long-term
success of the Company and the renewed strength of the hydrogen sector
globally.

As Chief Executive Officer, I would like to extend my heartfelt thanks to
everyone whose dedication and hard work continue to drive the success of the
Company.

 

For further information, please contact: 

 

Hydrogen Utopia International PLC

Aleksandra Binkowska                  

+44 20 3811 8770     

 

Alfred Henry Corporate Finance Limited (LSE Corporate Adviser)

Nick Michaels/Maya Klein
Wassink                                                                         

+44 20 8064 4056

                                      
                 
                                                              

AlbR Capital Limited (Broker)                     
                                     
        

Jon Belliss/Colin
Rowbury                                           

+44 20 7399 9400

 

Capital Plus Partners Limited (Broker)

Dominic Berger

+44 7799888544

 

About Hydrogen Utopia International PLC 

 

HUI aims to become one of the leading new European companies specialising in
converting non-recyclable mixed waste plastic into hydrogen and
other 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. 

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