Hydrogen Utopia International PLC Director/PDMR Shareholding (4564M)

TIDMHUI

RNS Number : 4564M

Hydrogen Utopia International PLC

12 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.

12 January 2023

Hydrogen Utopia International PLC

(the "Company" or " HUI")

Director/PDMR Shareholding

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 , announces that Howard White has purchased 350,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") at an average price of 16.1277 per Ordinary Share as set out below. Howard White is an Executive Director of HUI.

Following this acquisition, Howard White has a total interest in 15,310,834 Ordinary Shares, representing 3.98% of the voting rights of the Company. The Company has 384,320,000 Ordinary Shares in issue. The notification below, made in accordance with the requirements of the Market Abuse Regulation, provides further information.

The Directors of the Company accept responsibility for the content of this announcement.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
     ------------------------------------------------------------------- 
 a)   Name                          Howard White 
---  ----------------------------  ------------------------------------- 
      Reason for the notification 
  2 
---  ------------------------------------------------------------------- 
 a)   Position/status               Executive Director 
---  ----------------------------  ------------------------------------- 
 b)   Initial notification          Initial notification 
       /Amendment 
---  ----------------------------  ------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
---  ------------------------------------------------------------------- 
 a)   Name                          Hydrogen Utopia International PLC 
---  ----------------------------  ------------------------------------- 
 b)   LEI                           213800COE9HVHUKUE126 
---  ----------------------------  ------------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
---  ------------------------------------------------------------------- 
 a)   Description of the            Ordinary Shares of 0.1p each 
       financial instrument,         ISIN: GB00BMFR8J48 
       type of instrument 
       Identification code 
---  ----------------------------  ------------------------------------- 
 b)   Nature of the transaction     Purchase of Ordinary Shares 
---  ----------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)                           Price    Volume 
                                       ----------------------  -------- 
                                               Average Price: 
                                            16.1277p (Highest 
                                          price:16.4p; lowest 
                                                price: 15.9p)   350,000 
                                       ----------------------  -------- 
---  ----------------------------  ------------------------------------- 
 d)   Date of the transaction       11 January 2023 
---  ----------------------------  ------------------------------------- 
 e)   Place of the transaction      London Stock Exchange 
---  ----------------------------  ------------------------------------- 
 

ENDS

For further information please contact:

Hydrogen Utopia International PLC

Aleksandra Binkowska/Guy Peters

[phone]

Alfred Henry Corporate Finance Limited (AQSE Corporate Adviser)

Nick Michaels

[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 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

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January 12, 2023 02:00 ET (07:00 GMT)