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Deed of Termination and Settlement

Today 07:00

RNS Number : 8528J
Clean Power Hydrogen PLC
26 June 2026
 

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION EU NO. 596/2014, AS RETAINED AND APPLICABLE IN THE UK PURSUANT TO SECTION 3 OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

26 June 2026

Clean Power Hydrogen plc

("CPH2", the "Company" or the "Group")

 

Deed of Termination and Settlement

 

Clean Power Hydrogen plc (AIM: CPH2), the UK-based green hydrogen technology company, announces that it has executed a deed of termination and settlement (the "Settlement") in respect of the subcontract between Lagan MEICA Limited ("Lagan") and the Company relating to the Northern Ireland Water 1MW MFE220.

 

The parties have agreed to settle all matters between them, relating to the delayed delivery of an MFE220 unit, and terminate the subcontract through the payment of a settlement sum. The Settlement is conditional upon a future fundraise (the "Fundraise") and CPH2 shall pay the settlement sum to Lagan within 7 days of completion of the Fundraise, provided that the Fundraise is completed on or before 31 July 2026.

 

The Board believes this outcome provides a clear and structured pathway to resolving the position and, if completed, will remove uncertainty in relation to the project and allow the Company to focus on its core strategy and future commercial opportunities.

 

 

For more information, please contact:

 

Clean Power Hydrogen plc

+44 (0)130 232 8075

Richard Scott, Chief Executive Officer Elect

James Hobson, Chief Financial Officer

Cavendish Capital Markets Limited - NOMAD & Joint Broker

Neil McDonald

+44 (0)131 220 9771

Peter Lynch

+44 (0)131 220 9772

Hanna Leijonmarck

+44 (0)20 7220 6029

Turner Pope Investments (TPI) Limited - Joint Broker

Andy Thacker

+44 (0)20 3657 0050

Guy McDougall

 

For more information: https://www.cph2.com

 

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MSCFLFSTRFIEFIR
Date   Source Headline
26th Jun 20267:00 amRNSDeed of Termination and Settlement
25th Jun 20267:00 amRNSSigning of Term Sheet with Hidrigin
22nd Jun 20267:00 amRNSFurther Operational Update
5th Jun 20269:00 amRNSOperational Update
29th May 20267:30 amRNSSuspension - Clean Power Hydrogen PLC
29th May 20267:00 amRNS1MW MFE220 Factory Acceptance Test update
27th Apr 20267:00 amRNSMemorandum of Understanding with ABE GRUPPE GmbH
7th Apr 20267:00 amRNSMemorandum of Understanding with Koch Modular
30th Mar 20267:00 amRNSOperations & Trading Update
24th Mar 20267:00 amRNSMemorandum of Understanding with Siemens
19th Feb 20267:00 amRNS-RInvestor Webinar
29th Jan 20267:00 amRNSAppointment of Joint Broker
18th Dec 20257:00 amRNSSignificant Milestones Delivered
5th Nov 20257:00 amRNS-RMello2025 Investor Event
24th Oct 20257:00 amRNSAward under Salary Sacrifice Scheme
3rd Oct 20257:00 amRNSAward under the Company’s Long-Term Incentive Plan
30th Sep 20257:00 amRNSInterim Results
26th Sep 20257:00 amRNSAppointment of Chief Operations Director
26th Sep 20257:00 amRNSTR-1: Notification of major holdings
24th Sep 20253:58 pmRNSTR-1: Notification of major holdings
24th Sep 20253:48 pmRNSTR-1: Notification of major holdings
24th Sep 20253:48 pmRNSTR-1: Notification of major holdings
24th Sep 20253:44 pmRNSTR-1: Notification of major holdings
24th Sep 20253:41 pmRNSTR-1: Notification of major holdings
18th Sep 202512:26 pmRNSResult of General Meeting and Total Voting Rights
4th Sep 20257:00 amRNSResults of Oversubscribed Retail Offer
28th Aug 20254:35 pmRNSRetail Offer to Raise up to £300,000
28th Aug 20254:13 pmRNSResult of Placing and Subscription
28th Aug 20257:00 amRNSProposed Placing, Subscription, and Retail Offer
31st Jul 20257:00 amRNSCorporate Update and Proposed Fundraising
1st Jul 20257:00 amRNSWastewater Treatment Efficiency Gains
27th Jun 20257:00 amRNSManufacturing Partnership with Kenera
23rd Jun 20257:00 amRNSLicenced Manufacturing Partnership with Hidrigin
19th Jun 20251:08 pmRNSResult of AGM
16th Jun 20257:00 amRNSMemorandum of Understanding with Constant Energy
5th Jun 20257:00 amRNS2025 Save as You Earn Scheme
30th May 20257:00 amRNSAwards under the Long-Term Incentive Plan
21st May 20257:00 amRNSPosting of Annual Report and Notice of AGM
20th May 20257:00 amRNS-RLongspur Research initiates coverage on CPH2
7th May 202511:23 amRNSSite Acceptance Test for MFE110 electrolyser
1st May 20257:00 amRNSFinal Results
22nd Apr 20257:00 amRNSNotice of Results
22nd Apr 20257:00 amRNSAppointment of Chief Commercial Officer
12th Mar 20257:00 amRNSLevel 2 of Site Acceptance Test Completed
24th Feb 20257:00 amRNSLevel 1 of Site Acceptance Test Completed
16th Jan 20259:21 amRNSIssue of Ordinary Shares
14th Jan 20257:00 amRNSHolding(s) in Company
14th Jan 20257:00 amRNSHolding(s) in Company
14th Jan 20257:00 amRNSHolding(s) in Company
14th Jan 20257:00 amRNSHolding(s) in Company

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