REG - Hydrogen Utopia Intl - Extension of IPO Warrants

Hydrogen Utopia InternationalAnnouncement

10/11/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251110:nRSJ8407Ga&default-theme=true

RNS Number : 8407G  Hydrogen Utopia International PLC  10 November 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 November 2025

Hydrogen Utopia International PLC

(the "Company" or "HUI")

 

Extension of IPO Warrants

 

Hydrogen Utopia International PLC ("HUI" or the "Company"), a company holding
the right to negotiate access to exclusive licences for the deployment of
commercially proven InEnTec PEM Melter technology and developing its own
proprietary process to convert non-recyclable plastic waste into hydrogen and
other low-carbon fuels, is pleased to announce that the Directors have
resolved to extend the term of the Company's warrants to subscribe for
40,000,000 ordinary shares issued to investors in connection with the placing
and subscription undertaken at the time of the Company's IPO on the Access
segment of the Aquis Stock Exchange on 6 January 2022 ("IPO Warrants").

Having secured the right to negotiate access to exclusive licences for the
proven InEnTec PEM Melter technology across the MENA region, particularly
within the Gulf Cooperation Council (GCC) countries, and following the recent
granting of an Investment Registration Certificate by the Ministry of
Investment of Saudi Arabia (MISA), the Company is now well positioned to
advance its current negotiations into proposed commercialisation and
partnerships across the region. The Board believes this is an exciting
milestone and an appropriate time to extend the term of the IPO Warrants as
HUI accelerates its expansion into high-growth markets.

The Kingdom of Saudi Arabia remains at the forefront of this regional
transformation, championing clean energy innovation under Vision 2030. HUI is
actively engaged in potential joint developments and commercial collaborations
in Saudi Arabia and is in early discussions with its partners in Oman. Their
shared objective is  turning non-recyclable plastics into valuable hydrogen
fuel, advancing national sustainability and circular economy goals.

The Company expects to provide further updates as soon as practicable.

IPO Warrant Extension Details

IPO Warrant holders will now be entitled to subscribe for one new ordinary
share for each share originally subscribed for in the placing and subscription
undertaken in connection with the Company's IPO on the Access segment of the
Aquis Stock Exchange on 6 January 2022. The exercise  period has been
extended so that the IPO Warrants may now be exercised at any time up to the
fourth anniversary of the Company's Admission to trading on the London Stock
Exchange, namely until 9 January 2027.

The exercise price remains 15p per ordinary share, and all other terms and
conditions of the IPO Warrants remain unchanged.

Howard White and Aleksandra Binkowska hold 13,333,334 and 266,666 IPO
Warrants, respectively. The Directors holding IPO Warrants did not participate
in the Board's consideration and approval of this extension.

The Board would like to take this opportunity to thank all shareholders for
their continued confidence, loyalty, and belief in HUI's long-term vision.

For further information, please contact:

 

Hydrogen Utopia International PLC

Aleksandra Binkowska

+44 7795235181

 

Alfred Henry Corporate Finance Limited (LSE Corporate Adviser)

Nick Michaels/Maya Klein
Wassink

+44 20 8064 4056

 
 
 

Novum Securities Limited (Broker)
 

Jon Belliss/Colin
Rowbury

+44 20 7399 9400

 

Capital Plus Partners Limited (Broker)

Dominic Berger

+44 (0)207 432 0505

 

 

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.

 

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  STRFKLLBEFLBFBD



            Copyright 2019 Regulatory News Service, all rights reserved