Hydrogen Utopia International PLC Grant of Share Options (3724A)
January 22 2024 - 1:00AM
UK Regulatory
TIDMHUI
RNS Number : 3724A
Hydrogen Utopia International PLC
22 January 2024
22 January 2024
Hydrogen Utopia International PLC
(the "Company" or " HUI")
Grant of Share Options
Hydrogen Utopia International PLC, a company specialising in
converting non-recyclable mixed waste plastic into hydrogen and
other carbon-free fuels, new materials or distributed renewable
heat, is pleased to announce the grant of share options to James
Nicholls-May, the Company's Chief Financial Officer.
HUI exercised its option to acquire 49% of Ohrid Organics Ltd
("Ohrid Organics") on 29 December 2023. James has played a key role
in all aspects of the process, from initial financial due diligence
on Ohrid Organics to the exercise of HUI's option. His continued
involvement in the transaction is expected to contribute to a
successful acquisition. The acquisition is anticipated to
significantly benefit HUI and its shareholders.
The grant of share options allows James Nicholls-May to purchase
GBP25,000 worth of shares in the Company at a price of 3.875p per
share. These options vest immediately and are exercisable for a
period of 10 years from 22 January 2025. The grant demonstrates
HUI's commitment to attracting and retaining top talent and
aligning employee interests with the long-term success of the
Company.
Aleksandra Binkowska, CEO, commented: "I am delighted to grant
James stock options in recognition of his outstanding contributions
to HUI. James is a vital member of the HUI team. Over the last
years he has shown exceptional commitment to the Company. This
grant reflects my confidence in James. I expect James' role and
responsibilities to evolve and broaden alongside HUI's growth
trajectory following its anticipated acquisition of Ohrid
Organics."
James Nicholls-May, Chief Financial officer, stated: "I am
incredibly grateful for this opportunity and excited to continue
contributing to the growth and success of HUI. I believe in our
company's mission and future, and I am confident that HUI will make
a global impact in the waste plastic to energy sector. "
For further information, please contact:
Hydrogen Utopia International PLC
Aleksandra Binkowska
+44 20 3811 8770
Alfred Henry Corporate Finance Limited (LSE Corporate
Adviser)
Nick Michaels/Maya Klein Wassink
+44 20 3772 0021
Novum Securities Limited (Broker)
Jon Belliss/Colin Rowbury
+44 20 7399 9400
About Hydrogen Utopia International PLC
HUI aims to become one of the leading new European companies
specialising in converting 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
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