Schedule One - Clean Power Hydrogen PLC | RNS | Ticker

Schedule One - Clean Power Hydrogen PLC

RNS Announcement

RNS Number : 5421Y

AIM

17 January 2022

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Clean Power Hydrogen PLC

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Unit D Parkside Business Park

Spinners Road

Doncaster

DN2 4BL

COUNTRY OF INCORPORATION:

England and Wales

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

https://www.cph2.com/

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

CPH2 is a rapidly-growing UK-based technology and manufacturing company which is focussed on the commercial production of "green" hydrogen in a simple, safe, and sustainable manner using its IP-protected Membrane-Free ElectrolyserTM ("MFE") technology.

A decade of dedicated research and product development has resulted in the creation of a technology which is designed to deliver a modular solution to the hydrogen production market in a cost-effective, scalable, reliable and long-lasting way.

CPH2's strategic objective is to deliver the lowest Levelised Cost of Hydrogen ("LCOH") in the market in relation to the production of green hydrogen. The Group's MFE technology is already commercially available and demonstrating cost efficiencies and technological advantages.

Operating from its new 29,000 sq ft Doncaster facility, the Group has an existing blue-chip customer base and a contracted orderbook of 4MW of unit production for delivery in 2022. Beyond this, the Group has an established pipeline of new opportunities at varying stages of development, including active discussions with current and quoted customers in respect of potential orders in excess of 160MW. The Group aims to become a globally recognised and highly-profitable designer, manufacturer and licensor of its MFE technology and is targeting 4GW production capacity by 2030.

The Group's main country of operation is the UK, with an existing customer base and operations established in the UK, Republic of Ireland and New Zealand. In addition, the Group is pursuing potential relationships for product sales and joint venture & licensing agreements on a global scale.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

TBC ordinary shares at £0.01 each

Issue price of TBC per share

No Ordinary Shares are or will be held in treasury

The Ordinary Shares will be freely transferable and have no restrictions as to the transfer placed on them

CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Capital to be raised: £TBC million, comprising £TBC million for the Company through the placing of new ordinary shares and a further £TBC for selling shareholders through the placing of existing ordinary shares.

Market capitalisation on Admission: TBC

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

TBC

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:

N/A

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Christopher (Chris) Train (Non-Executive Chairman)

Jonathan (Jon) Richard Duffy (Chief Executive Officer)

Clive Matthew Brook (Chief Financial Officer)

Natalie Jayne Fortescue (Non-Executive Director)

Ricki (Rick) Brent Smith (Non-Executive Director)

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Shareholder	Before Admission	After Admission
Joe Scott	21.09%	TBC
Nigel Williamson	13.10%	TBC
Manny Davidson Discretionary Trust	10.83%	TBC
Elie Dangoor	6.15%	TBC
Clive Brook	5.29%	TBC
Rodney Brook	4.91%	TBC
Charles Monroe	4.91%	TBC
TBC	TBC	TBC

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

Kilburn & Strode LLP

Abbott & Co (Newark) Ltd

Fichtner Consulting Engineers Limited

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 31 December

(ii) 30 June 2021

(iii) 30 June 2022, 30 September 2022 and 30 June 2023

EXPECTED ADMISSION DATE:

Early February 2022

NAME AND ADDRESS OF NOMINATED ADVISER:

Cenkos Securities plc

66 Hanover Street

Edinburgh

EH2 1EL

and

6.7.8 Tokenhouse Yard

London

EC2R 7AS

NAME AND ADDRESS OF BROKER:

Cenkos Securities plc

66 Hanover Street

Edinburgh

EH2 1EL

and

6.7.8 Tokenhouse Yard

London

EC2R 7AS

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

https://www.cph2.com/

The Company's admission document will contain full details about the applicant and the admission of its securities.

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

QCA Corporate Governance Code

DATE OF NOTIFICATION:

17 January 2022

NEW/ UPDATE:

New

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END

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RNS metadata

Title: Schedule One - Clean Power Hydrogen PLC
Time: 08:00:01
Date: 17 Jan 2022
Category: Capital structure
ID: 5421Y