HFI Hydrogen Future Industries PLC

 
TIDMHFI 
 
1 December 2021 
 
                        Hydrogen Future Industries plc 
 
                           ("HFI" or the "Company") 
 
                Admission to Trading and First Day of Dealings 
 
Hydrogen Future Industries plc (AQSE:HFI), a Special Purpose Acquisition 
Vehicle ("SPAC") formed to identify investment and acquisition opportunities 
within the Hydrogen Economy, announces that trading in its ordinary shares will 
commence on the Aquis Stock Exchange Growth Market ("AQSE") at 8:00am, today 
(Wednesday, 1 December 2021), under the ticker "HFI" and ISIN: GB00BMCG7201. 
 
The Company has been admitted to the Access Segment of AQSE ("Admission") 
following successful completion of a fundraise of GBP 2,230,000. 
 
The Board of the Company comprises David Ormerod, Executive Director, Daniel 
Maling, Non-executive Chairman, and Fungai Ndoro, Non-executive Director. 
 
The issued share capital of the Company on Admission comprises 29,800,000 
ordinary shares. 
 
David Ormerod, Executive Director, commented: 
 
"The response to our strategy to invest in projects and companies across the 
Hydrogen Economy has been overwhelmingly positive; our timing could not be 
better as investors all around the world are waking up to the potential of 
hydrogen, while the decarbonisation agenda gathers pace. 
 
We believe hydrogen can become a low-carbon energy resource capable of meeting 
the world's energy needs, replacing traditional fossil fuels, and forming a 
substantial part of a clean energy portfolio. We are grateful to investors for 
sharing our belief in this extraordinary opportunity. We are looking forward to 
executing on our investment strategy." 
 
Pursuant to the AQSE Access Rules, the Directors, who in aggregate hold 
1,750,000 ordinary shares, representing 5.9 per cent. of the Company's issued 
share capital on Admission, are subject to a 12-month lock-in arrangement. 
 
Furthermore, certain shareholders with holdings in excess of 10 per cent. of 
the Company's issued share capital, prior to Admission, have agreed not to 
dispose of shares issued to them prior to Admission, for a period of six months 
from Admission (in aggregate 2,100,000 ordinary shares in the Company) - 
details of which are set out below: 
 
Name              Number of  % of issued         Total   % of total       % of total 
                   ordinary        share  shareholding shareholding   shareholding & 
                     shares   capital on  on Admission on Admission    warrants on a 
                 subject to    Admission                               fully diluted 
                 lock-in on                                              basis post- 
                  Admission                                                Admission 
 
David Lenigas     1,100,000         3.7%     2,100,000         7.1%             8.5% 
 
Charlie Wood      1,000,000         3.4%     1,000,000         3.4%             5.3% 
 
The Company's Admission Document is available to view here: 
Hydrogen-Future-Industries-Admission-Document.pdf 
(hydrogenfutureindustries.com) 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
                                     ENDS 
 
Enquiries: 
 
Hydrogen Future Industries plc 
 
David Ormerod                               +44 (0)20 3475 6834 
 
Vigo Consulting (Investor Relations) 
 
Ben Simons                                  +44 (0) 20 7390 0230 
 
Oliver Clark 
 
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 
 
For more information please visit: www.hydrogenfutureindustries.com 
 
 
 
END 
 
 

(END) Dow Jones Newswires

December 01, 2021 02:30 ET (07:30 GMT)

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