Broker Appointment & Successful £850k Fundraise
Hydrogen Utopia International PLC has successfully raised £850,000 through the issuance of 42,500,000 new ordinary shares at 2.0p each, with net proceeds designated for expansion in Saudi Arabia, advancing the Fortress Fuels initiative, and extending licence agreements. The company has also appointed Clear Capital Markets as its sole broker. These new shares are expected to be admitted to trading on the London Stock Exchange's Main Market on or around 30 July 2026, bringing the total number of ordinary shares to 475,135,273.
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Hydrogen Utopia International PLC (LSE: HUI), a pioneering company transforming non-recyclable waste plastic into hydrogen, clean fuels and advanced materials, focusing on advanced fuels such as jet fuel and Sustainable Aviation Fuel (SAF), is pleased to announce the successful completion of a fundraise of £850,000 and the appointment of Clear Capital Markets as its sole broker with immediate effect. The Company would like to thank its outgoing broker for its support to date.
The Company has raised gross proceeds of £850,000 through the issue of 42,500,000 new ordinary shares at an issue price of 2.0p per share. The net proceeds of the fundraise will be used by the Company to support its expansion in Saudi Arabia, to advance the Fortress Fuels initiative, and to extend its exclusive licence agreements with Inentec, all of which the Board believes represent significant strategic opportunities for the Company as it continues to broaden its geographic footprint, diversify its operating base, and advance its ambitions in JP8 and SAF production.
This comes against a backdrop of growing global energy security concerns, with Brent crude having crossed $100 per barrel yesterday amid escalating Middle East tensions, and US Gulf Coast jet fuel spot prices trading at approximately $3.57 per gallon, underscoring the strategic importance of alternative, non-fossil-fuel-derived energy sources such as those HUI's technology is designed to provide.
Application has been made for the 42,500,000 new ordinary shares to be admitted to the Equity Shares (Transition) Category of the Official List of the FCA and to trading on the London Stock Exchange's Main Market for listed securities. Admission is expected to occur at 8.00 a.m. on or around 30 July 2026. The new ordinary shares will rank pari passu in all respects with the Company's existing ordinary shares.
Following Admission, the Company will have 475,135,273 ordinary shares in issue, each carrying one voting right. The Company holds no shares in treasury. Accordingly, the total number of voting rights in the Company will be 475,135,273.
Hydrogen Utopia International PLC
Aleksandra Binkowska
Alfred Henry Corporate Finance Limited (LSE Corporate Adviser)
Nick Michaels/Maya Klein Wassink
Clear Capital Markets (Broker)
Bob Roberts
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.