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29 Aug 2024 07:00
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
29 August 2024
Hydrogen Utopia International PLC
(the "Company" or "HUI")
Director/PDMR Shareholding
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, announces that Howard White has purchased 500,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") at an average price of GBP 0.0488 per Ordinary Share as set out below. Howard White is an Executive Director of HUI.
Following this acquisition, Howard White has a total interest in 16,275,834 Ordinary Shares, representing 4.2% of the voting rights of the Company. The Company has 385,520,000 Ordinary Shares in issue. The notification below, made in accordance with the requirements of the Market Abuse Regulation, provides further information.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Howard White | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Executive Director | ||||||
b) | Initial notification /Amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Hydrogen Utopia International PLC | ||||||
b) | LEI | 213800COE9HVHUKUE126
| ||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 0.1p each ISIN: GB00BMFR8J48
| ||||||
b) | Nature of the transaction | Purchase of Ordinary Shares | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Date of the transaction | 28 August 2024 | ||||||
e) | Place of the transaction | London Stock Exchange | ||||||
ENDS
For further information please contact:
Hydrogen Utopia International PLC
Aleksandra Binkowska
+44 20 3811 8770
Alfred Henry Corporate Finance Limited (AQSE Corporate Adviser)
Nick Michaels/Maya Klein Wassink
+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.
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