(Correcting that the announcement was by Hydrogen Future Industries PLC, not Hydrogen Utopia International PLC.)
(Alliance News) - Hydrogen Future Industries PLC on Tuesday said the board has decided to withdraw a resolution from the agenda of its annual general meeting.
Due to be held on Monday next week, the London-based developer of green hydrogen production technologies said resolution four related to the approval of the company's incentive plan.
Since publication of the notice of AGM early this month, Hydrogen Future said it has engaged with some shareholders regarding the resolution and has now decided not to implement the incentive plan "at this time".
Hydrogen Future said this decision does not affect the validity of the AGM notice or any other of the resolutions.
Shares in Hydrogen Future closed untraded at 3.24 pence each on AQSE in London on Tuesday.
By Greg Rosenvinge, Alliance News senior reporter
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Hydrogen Utopia (HUI)