8 April 2024
Hydrogen Future Industries
plc
("HFI" or
the "Company")
Additional
Subscription
Hydrogen Future Industries
plc (AQSE: HFI), a developer of
a proprietary wind-based green hydrogen production system featuring
an advanced aerodynamic wind turbine and a high-performance
electrolyser, announces that the Company has raised an additional
£60,000 through a subscription (the "Subscription") of 1,200,000
new ordinary shares of 1 pence each (the "Subscription Shares") at
a price of 5 pence per new ordinary share (the "Subscription
Price").
The Subscription includes one
warrant for every two new ordinary shares subscribed for,
exercisable at the Subscription Price for a period of two years
from Admission (as defined below) (the "Warrants"). In aggregate
600,000 Warrants have been issued as part of the
Subscription.
Use
of Proceeds
The proceeds of the Subscription
will be used to further strengthen the Company's working capital
position following the February 2024 equity raise of
£552,500.
Admission
Application has been made for
the 1,200,000 Subscription Shares to be admitted to trading on
the Aquis Stock Exchange Growth Market ("Admission"). Admission is
expected to occur at 8:00 a.m. on or around 11 April
2024.
Total Voting Rights
Following Admission, the Company's
issued share capital will comprise 61,750,000 ordinary shares, with
each share carrying the right to one vote. Therefore, the total
number of voting rights in the Company will be 61,750,000. This
figure may be used by shareholders as the denominator for
calculations by which they will determine if they are required to
notify their interest in the Company, or a change to their interest
in the Company, under the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules.
Enquiries:
|
Hydrogen Future Industries plc
|
|
|
Daniel Maling, Executive
Director
|
+44 (0) 20 3475 6834
|
|
Vigo
Consulting (Investor Relations)
|
|
|
Ben Simons
|
+44 (0) 20 7390 0230
|
|
Peter Jacob
|
|
|
|
|
|
Cairn Financial Advisers LLP (AQSE Corporate
Adviser)
|
|
|
Ludovico Lazzaretti
Liam Murray
|
+44 (0) 20 72130 880
|
|
|
|
|
Peterhouse Capital Limited (Broker)
|
|
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Duncan Vasey
|
+44 (0) 20 7469 0930
|
About Hydrogen Future Industries
Hydrogen Future Industries was
established to invest in projects and companies focused on the
Hydrogen Economy. We are developing a proprietary wind-based
hydrogen production system, incorporating hydrogen compression and
storage. Through this technology, we aim to significantly reduce
the cost of hydrogen production from renewable sources and provide
on-demand energy storage in the form of hydrogen at a fraction of
the cost of lithium-ion battery storage.
Click here for
more information about Hydrogen Future Industries.
Visit our
website: www.hydrogenfutureindustries.com
Follow us on social
media:
LinkedIn: @Hydrogen
Future Industries
X (formerly
Twitter): @HydrogenFI
