Clean Power Hydrogen PLC Issues Additional Shares to Fulfill Rising Demand

CPH2

• Clean Power Hydrogen PLC (CPH2), a UK-based green hydrogen technology firm, has issued new shares to meet increased demand following its recent fundraising event.
• The company, known for its innovative Membrane-Free Electrolyser technology, has released 536,666 new Ordinary Shares at 7.5 pence each, under existing authorities, with no plans for further share issuance in this round.

Clean Power Hydrogen PLC (CPH2), the innovator behind the Membrane-Free Electrolyser ("MFE"), has announced the issuance of 536,666 new Ordinary Shares priced at 7.5 pence per share. This move comes as a response to the heightened demand following the company's successful fundraising event on December 18, 2024. The shares are being issued under the company's existing authorities, and CPH2 has confirmed that this will be the final issuance of shares for this fundraising phase.

The UK-based firm specializes in green hydrogen technology and has gained recognition for its IP-protected MFE technology, which is pioneering advancements in the hydrogen production sector. The additional shares will provide the company with necessary capital to expand and accelerate its operations to meet the growing interest and demand in the green hydrogen market.

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for the New Shares to be admitted to trading on AIM. Admission is expected to become effective in respect of, and dealings on AIM are expected to commence in, the New Shares, at 8:00 a.m. on 20 January 2025.

Following Admission of the New Shares, the Company will have 354,424,187 Ordinary Shares in issue with the Company holding no Ordinary Shares in treasury. Therefore, the total number of voting rights will also be 354,424,187. This figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

Clean Power Hydrogen PLC Issues Additional Shares

Further information on the Company can be found on its website at: https://www.cph2.com/  

Clean Power Hydrogen PLC Issues Additional Shares - Fuelcellsworks