15 Oct 2020 07:00
FOR IMMEDIATE RELEASE
15 October 2020
Hydrogen Group plc
("Hydrogen", the "Group" or "Company")
Tender Offer update and De-Listing
Further to the announcement on 1 October 2020, the Company announces that a further 682,748 Ordinary Shares were tendered under the Tender Offer as at of 1.00 p.m. on 14 October 2020. The Ordinary Shares tendered pursuant to the Tender Offer will be purchased and cancelled. The Company has now received, in aggregate, valid tenders for a total of 6,668,985 Ordinary Shares under the Tender Offer.
Following the purchase and cancellation set out above, Hydrogen will have 27,120,421 Ordinary Shares in issue excluding the 545,521 Ordinary Shares currently held in treasury. It is the Company's intention to deregister from the CREST system following the De-Listing.
De-Listing
Application has been made to the London Stock Exchange for the admission to trading on AIM of the Ordinary Shares to be cancelled, and Cancellation is will take effect at 7.00 a.m. on 19 October 2020.
Share buyback
The Company will, prior to the De-Listing, seek to use its existing authority, granted by shareholders as the Company's Annual General Meeting held on 26 June 2020, to acquire further Ordinary Shares. Shareholders wishing to sell their Ordinary Shares should contact Shore Capital.
Enquiries:
Hydrogen Group plc Ian Temple, CEO John Hunter CFO and COO
| Tel. +44 (0) 20 7090 7702 |
Shore Capital (Financial Adviser, Nominated Adviser and Broker to Hydrogen Group plc) Edward Mansfield / James Thomas / Michael McGloin
| Tel. +44 (0) 20 7408 4090 |