Hydrogen Future Industries Plc Grant of Share Options & Director/PDMR Notification

 
TIDMHFI 
 
4 November 2022 
 
                        Hydrogen Future Industries plc 
 
                           ("HFI" or the "Company") 
 
                            Grant of Share Options 
 
                                       & 
 
                          Director/PDMR Notification 
 
Hydrogen Future Industries plc (AQSE:HFI), a developer of proprietary wind and 
water-based green hydrogen production systems, has granted a total of 6,000,000 
share options exercisable at 10 pence each to directors of the Company and/or 
its subsidiary as well as a consultant (the "Options"). All the Options vest 
immediately and are exercisable for a period of five years from the date of 
issue (being 4 November 2022), save for 1,500,000 of the Options granted to 
Timothy Blake which will vest upon the satisfaction of certain performance 
conditions, including the independent verification of the patented wind system 
testing results confirming the expected efficiency gains. 
 
A schedule of the Option grants appears below: 
 
Name                Position                                   Number of Options 
 
Timothy Blake       Director of HFI Energy Systems Limited*            3,000,000 
                    (PDMR) 
 
David Ormerod       Director                                           1,000,000 
 
Daniel Maling       Director                                           1,000,000 
 
Fungai Ndoro        Director                                             500,000 
 
Consultant          Finance consultant                                   500,000 
 
Total                                                                  6,000,000 
 
* HFI Energy Systems Limited is a wholly owned subsidiary of the Company 
 
                                    --ENDS- 
 
Enquiries: 
 
Hydrogen Future Industries plc 
 
Daniel Maling                               [phone] 
David Ormerod 
 
Vigo Consulting (Investor Relations) 
 
Ben Simons                                  [phone] 
 
Peter Jacob 
 
Cairn Financial Advisers LLP (AQSE 
Corporate Adviser) 
 
Ludovico Lazzaretti                         [phone] 
Liam Murray 
 
Peterhouse Capital Limited (Broker) 
 
Duncan Vasey                                [phone] 
 
Inside Information 
 
This announcement contains inside information for the purposes of the UK Market 
Abuse Regulation and the Directors of the Company accept responsibility for the 
contents of this announcement. 
 
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 
596/2014 
 
Details of the person discharging managerial responsibilities/person closely 
associated 
 
Name                  A. Timothy Blake 
                      B. David Ormerod 
                      C. Daniel Maling 
                      D. Fungai Ndoro 
 
Reason for 
notification 
 
Position/Status       A. PDMR 
                      B. Director 
                      C. Director 
                      D. Director 
 
Initial notification Initial 
/ 
Amendment 
 
Details of the issuer, emission allowance market participant, auction 
platform, auctioneer or auction monitor 
 
Name                 Hydrogen Future Industries PLC 
 
LEI                  213800U3MWUSU24ARW11 
 
Details of the transaction(s): section to be repeated for (i) each type of 
instrument; (ii) each type of transaction; (iii) each date; and (iv) each 
place where transactions have been conducted 
 
Description of the 
financial            Option over new ordinary shares 
instrument, type of 
instrument 
 
Identification Code 
 
Nature of the        Issue of options 
transaction 
 
Price(s) and volume       Price(s)         Volume(s) 
(s) 
                           A. 10p           A. 3,000,000 
                           B. 10p           B. 1,000,000 
                           C. 10p           C. 1,000,000 
                           D. 10p           D. 500,000 
 
Aggregated 
information          N/A 
 
 
- Aggregated Volume 
 
- Price 
 
Date of the          4 November 2022 
transaction 
 
Place of the         AQSE 
transaction 
 
 
 
 
END 
 
 

(END) Dow Jones Newswires

November 04, 2022 03:00 ET (07:00 GMT)