t
| Date | 27 Jul 2022 |
| Time | 07:00:14 |
| Category | Miscellaneous |
| ID | 8303T |
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
27 July 2022
Hydrogen Utopia International PLC
(the "Company" or "HUI")
DIRECTOR SHAREHOLDING
Hydrogen Utopia International PLC (AQSE:HUI), a company pioneering non-recyclable waste plastics to hydrogen technology, announces that on 26 July 2022, Howard White, Executive Director of the Company, purchased a total of 55,500 Ordinary Shares of 0.1 pence ("Ordinary Shares") at a price of 9 pence per Ordinary Share.
Following the above transaction, Howard White has a total beneficial holding of 14,960,833 Ordinary Shares, representing approximately 3.89% of the Company's issued share capital. In addition, Howard White also holds 13,333,333 warrants to subscribe for new ordinary shares in the Company.
The notification below, which has been made in accordance with the requirements of the Market Abuse Regulation, provides further detail.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Howard White |
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2. |
Reason for the Notification |
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a) |
Position/status |
Executive Director |
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b) |
Initial notification/Amendment |
Initial Notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Hydrogen Utopia International PLC |
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b) |
LEI |
213800COE9HVHUKUE126 |
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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 |
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a) |
Description of the Financial instrument, type of instrument |
Ordinary Shares of 0.1 pence each |
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Identification code |
GB00BMFR8J48 |
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b) |
Nature of the transaction |
Purchase of Ordinary Shares |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information: · Aggregated volume · Price |
Purchase of 55,500 Ordinary Shares at a price of 9 pence per Ordinary Share
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e) |
Date of the transaction |
26 July 2022 |
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f) |
Place of the transaction |
Aquis Exchange |
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For more information about the Company, please refer to our website: www.hydrogenutopia.eu
For further information please contact:
Hydrogen Utopia International PLC
Kate Templeman
Communications Manager
Hydrogen Utopia International
+447312530958
www.hydrogenutopia.eu
Alfred Henry Corporate Finance Limited (AQSE Corporate Adviser)
Jon Isaacs
+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.
The pressing need to deal with growing amounts of waste plastic combined with a real momentum in the use of hydrogen from renewable sources may pave the way for a rapid deployment of and investment in HUI facilities.