Standard Listing on the Main Market of the London Stock Exchange
5 January 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
Hydrogen Utopia International PLC ("HUI" or the "Company")
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, today confirms that its Supplementary Prospectus in respect of the anticipated listing of its Ordinary Shares to trading on the standard segment of the Official List of the Financial Conduct Authority (the “Official List”) and to trading on the main market of the London Stock Exchange (together “Admission”), has been approved by the FCA and published by the Company.
The Supplementary Prospectus is linked here.
The previous prospectus dated 15th December 2022 is linked here.
It is expected that Admission will become effective and that dealings in the Company’s Ordinary Shares will commence at 08:00 GMT on 9 January 2023, under the symbol “HUI”.
On Admission, the Company will have 384,320,000 Ordinary Shares in issue, with a market capitalisation of the Company on Admission (based on yesterday’s closing mid share price of 16.35p) of approximately £62.8 million. The ISIN number is GB00BMFR8J48 and the SEDOL is BMFR8J4.
The Company’s securities are already trading on the OTC QB and the Open Market of the Frankfurt Stock Exchange.
As of Admission, the Company’s securities will also trade on the Main Market of the Aquis Stock Exchange.
Alfred Henry Corporate Finance Limited is acting as Financial Adviser to the Company in relation to Admission.
The directors of HUI accept responsibility for this announcement.
For further information please contact:
Hydrogen Utopia International PLC
Aleksandra Binkowska/Guy Peters
+44 20 3811 8770
Alfred Henry Corporate Finance Limited (AQSE Corporate Adviser)
Jon Isaacs
+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 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.
The pressing need to deal with growing amounts of waste plastic combined with a real momentum in the use of hydrogen from renewable sources may pave the way for a rapid deployment of and investment in HUI facilities.