Placing
Company raises £250,000 through placing of 14.3m shares at 1.75p per share.
- Gross proceeds £250,000
- Placing price per share £0.0175
- Placing shares 14,285,715
- Ordinary shares in issue post-admission 399,805,715
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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 pleased to announce that, further to the announcement of 6 June 2025, it has raised gross proceeds of £250,000 from an investor through the placing of 14,285,715 new ordinary shares ("Placing Shares") at the price of £0.0175 per share under existing unspent share authorities.
The proceeds are intended to be used towards progressing the proposed access to 10 exclusive licences for InEnTec's advanced TRL9 (Technology Readiness Level 9) waste-to-hydrogen technology across the Middle East and North Africa region.
Application has been made for the Placing Shares to be admitted to trading on the London Stock Exchange on or around 16 June 2025 ("Admission") and the Placing Shares will rank pari passu with the ordinary shares of the Company in issue.
On Admission the Company will have 399,805,715 ordinary shares in issue, each ordinary share with one voting right. This number should be used by shareholders as the denominator for the calculation by which shareholders will determine if they are required to notify their interest in, or a change to their interest in the Company.
The Company is also pleased to announce the appointment of Capital Plus Partners Ltd as joint broker alongside Novum Securities Limited.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.