Standard Listing on the Main Market of the London Stock Exchange
16 December 2022
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.
Hydrogen Utopia International PLC ("HUI" or the "Company")
Hydrogen Utopia International PLC, a company specialising in turning non-recyclable mixed waste plastic into carbon-free fuels, new materials or distributed renewable heat, today confirms that its Prospectus in respect of the anticipated listing of its Ordinary Shares to trading on the standard segment of the Official List of the Financial Conduct Authority (the “Official List”) and to trading on the main market of the London Stock Exchange (together “Admission”), has been approved by the FCA and published by the Company.
The Prospectus is available on here.
It is expected that Admission will become effective and that dealings in the Company’s Ordinary Shares will commence at 08:00 GMT on 21 December 2022, under the symbol “HUI”.
On Admission, the Company will have 384,320,000 Ordinary Shares in issue, with a market capitalisation of the Company on Admission (based on yesterday’s closing mid share price of 11.2p) of approximately £43 million. The ISIN number is GB00BMFR8J48 and the SEDOL is BMFR8J4.
The Company’s securities are already trading on the Access Segment of the Aquis Growth Market and the OTC QB.
Alfred Henry Corporate Finance Limited is acting as Financial Adviser to the Company in relation to Admission.
Guy Peters, Executive Chairman of HUI, commented:
”Listing on the LSE’s main market is a major milestone for us, commencing the next chapter in HUI’s corporate development. Our focus on using non-recyclable waste plastic to produce hydrogen or other alternative energy sources is aimed at helping Europe and ultimately the rest of the world achieve net zero climate impact.”
Aleksandra Binkowska, CEO of HUI, commented:
"Following Voltaire: " Go into the London Stock Exchange – a more respectable place than many a court – and you will see representatives from all nations gathered together for the utility of men." I believe our listing on such a prestigious and strong exchange as the London Main Market will attract international investors and help accelerate building our facilities for turning non-recyclable waste plastic into syngas and hydrogen.”
The Directors of the Company take responsibility for this statement.
For further information please contact:
Hydrogen Utopia International PLC
Aleksandra Binkowska/Guy Peters
+44 20 3811 8770
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.