23 April 2024
Hydrogen Future Industries
plc
("HFI",
the "Company" or the "Group")
Withdrawal of AGM
Resolution
Hydrogen Future Industries
plc (AQSE: HFI), a developer of
a proprietary wind-based green hydrogen production system featuring
an advanced aerodynamic wind turbine and a high-performance
electrolyser, announces that the Board has
decided to withdraw Resolution 4 from the agenda of the Annual
General Meeting ("AGM") of the Company's shareholders to be held at
10 a.m. BST on 29 April 2024.
Resolution 4 proposed the approval
of the Company's 2024 Incentive Plan (the "Plan"), the purpose of
which would have been to incentivise officers, employees, and
consultants of the Company through the award of new Ordinary Shares
in the capital of the Company as may be recommended by the Company
from time to time (subject to the approval of the Remuneration
Committee).
Since publication of the Notice of
AGM on 3 April 2024, the Company has engaged with certain
shareholders regarding Resolution 4 and has decided not to
implement the Plan at this time.
The withdrawal of Resolution 4 does
not affect the validity of the Notice of AGM, the proxy form or any
proxy votes already submitted in respect of the remaining
resolutions to be proposed at the AGM. The numbering of all other
proposed resolutions at the AGM remains unchanged.
Enquiries:
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Hydrogen Future Industries plc
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Daniel Maling, Executive Director
Neil Ritson, Non-Executive Chairman
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+44 (0) 20 3475 6834
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Vigo
Consulting (Investor Relations)
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Ben Simons
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+44 (0) 20 7390 0230
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Peter Jacob
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Cairn Financial Advisers LLP (AQSE Corporate
Adviser)
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Ludovico Lazzaretti
Liam Murray
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+44 (0) 20 72130 880
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Peterhouse Capital Limited (Broker)
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Duncan Vasey
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+44 (0) 20 7469 0930
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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.
About Hydrogen Future Industries
Hydrogen Future Industries was
established to invest in projects and companies focused on the
Hydrogen Economy. We are developing a proprietary wind-based
hydrogen production system, incorporating hydrogen compression and
storage. Through this technology, we aim to significantly reduce
the cost of hydrogen production from renewable sources and provide
on-demand energy storage in the form of hydrogen at a fraction of
the cost of lithium-ion battery storage.
Click here for
more information about Hydrogen Future Industries.
Visit our
website: www.hydrogenfutureindustries.com
Follow us on social
media:
LinkedIn: @Hydrogen
Future Industries
X (formerly
Twitter): @HydrogenFI