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Howard White, executive director of Hydrogen Utopia International PLC, and non-executive director Steve Medlicott each purchased 300,000 Ordinary Shares on 4 December 2023. White acquired his shares at an average price of 3.51p per share, now owning 15,775,834 Ordinary Shares representing approximately 4.1% of total voting rights, while Medlicott purchased his at 3.75p per share, holding 654,386 Ordinary Shares or approximately 0.17% of total voting rights.
| Date | 5 Dec 2023 |
| Time | 07:00:13 |
| Category | Director/PDMR dealings |
| ID | 6387V |
5 December 2023
Hydrogen Utopia International PLC
(the "Company" or "HUI")
Director Share Purchases
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, has been notified that:
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Howard White, executive director of HUI, has purchased 300,000 Ordinary Shares of £0.001 each in the Company on 4 December 2023 at an average price of 3.51p per Ordinary Share. Following this purchase Howard White owns 15,775,834 Ordinary Shares representing approximately 4.1 % of the total voting rights of the Company. |
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Steve Medlicott, non-executive director of HUI, has purchased 300,000 Ordinary Shares of £0.001 each in the Company on 4 December 2023 at a price of 3.75p per Ordinary Share. Following this purchase Steve Medlicott owns 654,386 Ordinary Shares representing approximately 0.17 % of the total voting rights of the Company. |
For further information, please contact:
Hydrogen Utopia International PLC
Aleksandra Binkowska
+44 20 3811 8770
Alfred Henry Corporate Finance Limited (LSE 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 hydrogen and other 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.