REG - Hydrogen Utopia Intl - Director Share Purchases

Hydrogen Utopia InternationalAnnouncement

05/12/2023 07:15

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RNS Number : 6387V  Hydrogen Utopia International PLC  05 December 2023

 

5 December 2023

 

 

Hydrogen Utopia International PLC

 (the "Company" or "HUI")

 

Director Share Purchases

 

Hydrogen Utopia International PLC, a company specialising in turning
non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels,
new materials or distributed renewable heat, has been notified that:

 ·   Howard White, executive director of HUI, has purchased 300,000 Ordinary Shares
     of £0.001 each in the Company on 4 December 2023 at an average price of 3.51p
     per Ordinary Share. Following this purchase Howard White owns 15,775,834
     Ordinary Shares representing approximately 4.1 % of the total voting rights of
     the Company.
 ·   Steve Medlicott, non-executive director of HUI, has purchased 300,000 Ordinary
     Shares of £0.001 each in the Company on 4 December 2023 at a price of 3.75p
     per Ordinary Share. Following this purchase Steve Medlicott owns 654,386
     Ordinary Shares representing approximately 0.17 % of the total voting rights
     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 3772 0021

 
 
 

Novum Securities Limited (Broker)
 

Jon Belliss/Colin
Rowbury

+44 20 7399 9400

About Hydrogen Utopia International PLC

HUI aims to become one of the leading new European companies specialising in
turning 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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