Admission to Trading and First Day of Dealing
9 January 2023
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 hydrogen and other carbon-free fuels, new materials or distributed renewable heat, is delighted to announce the admission (“Admission”) of the Company's entire issued share capital to the Official List of the Financial Conduct Authority by way of a Standard Listing under Chapter 14 of the Listing Rules and to trading on the London Stock Exchange's Main Market for listed securities.
Dealings in the Company's ordinary shares of 0.1p each (“Ordinary Shares”) will commence at 08:00 GMT today under the symbol "HUI". On Admission, the Company will have 384,320,000 Ordinary Shares in issue. The ISIN number is GB00BMFR8J48 and the SEDOL is BMFR8J4.
The Company’s Ordinary Shares, which were already trading on the Access Segment of the Aquis Growth Market, will also today move to trading on the AQSE Main Market. The Company’s Ordinary Shares will continue to trade on the OTCQB Venture Market in the United States of America and on the Open Market of the Frankfurt Stock Exchange in Germany.
Guy Peters, Chairman of HUI, commented:
”Joining the LSE’s main market just one year on from our IPO is a major milestone for us. We look forward to providing further updates on our progress towards helping Europe and ultimately the rest of the world achieve net zero climate impact.”
Aleksandra Binkowska, CEO of HUI, commented:
"I believe our listing on the LSE’s prestigious main market will help us attract international investors and accelerate the building of our facilities for turning non-recyclable waste plastic into syngas and hydrogen.”
The directors of HUI accept responsibility for this announcement.
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.