Hydrogen Utopia International PLC Director Share Purchases (6387V)

TIDMHUI

RNS Number : 6387V

Hydrogen Utopia International PLC

05 December 2023

5 December 2023

Hydrogen Utopia International PLC

(the "Company" or " HUI")

Director Share Purchases

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, has been notified that:

 
 --   Howard White, executive director of HUI, has purchased 
       300,000 Ordinary Shares of GBP0.001 each in the Company 
       on 4 December 2023 at an average price of 3.51p per Ordinary 
       Share. Following this purchase Howard White owns 15,775,834 
       Ordinary Shares representing approximately 4.1 % of the 
       total voting rights of the Company. 
 --   Steve Medlicott, non-executive director of HUI, has purchased 
       300,000 Ordinary Shares of GBP0.001 each in the Company 
       on 4 December 2023 at a price of 3.75p per Ordinary Share. 
       Following this purchase Steve Medlicott owns 654,386 Ordinary 
       Shares representing approximately 0.17 % of the total voting 
       rights of the Company. 
 

For further information, please contact:

Hydrogen Utopia International PLC

Aleksandra Binkowska

[phone]

Alfred Henry Corporate Finance Limited (LSE Corporate Adviser)

Nick Michaels/Maya Klein Wassink

[phone]

Novum Securities Limited (Broker)

Jon Belliss/Colin Rowbury

[phone]

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 hydrogen and other 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.

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(END) Dow Jones Newswires

December 05, 2023 02:00 ET (07:00 GMT)