1 November 2023
This is a correction to the announcement published at 07:40 on 1 November 2023 (RNS number 0111S) which incorrectly stated that 'Steve Medlicott, non-executive director of HUI, has purchased 87,71 Ordinary Shares of £0.001 each in the Company on 31 October 2023 at a price of 6.5p per Ordinary Share. The correct number of shares is 87,719. The full corrected announcement is included below.
Hydrogen Utopia International PLC
(the "Company" or "HUI")
Director/PDMR Share Purchase
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 165,000 Ordinary Shares of £0.001 each in the Company on 31 October 2023 at a price of 6p per Ordinary Share. Following this purchase Howard White owns 15,475,834 Ordinary Shares representing approximately 4.01% of the total voting rights of the Company. |
| · | Simon Mann, non-executive Chairman of HUI, has purchased 142,000Ordinary Shares of £0.001 each in the Company on 31 October 2023 at a price of 6.975p per Ordinary Share. Following this purchase Simon Mann owns 142,000 Ordinary Shares representing approximately 0.037% of the total voting rights of the Company. |
| · | Steve Medlicott, non-executive director of HUI, has purchased 87,719 Ordinary Shares of £0.001 each in the Company on 31 October 2023 at a price of 6.5p per Ordinary Share. Following this purchase Steve Medlicott owns 354,386 Ordinary Shares representing approximately 0.09% of the total voting rights of the Company. |
| · | Paul Formanko, non-executive director of HUI, has purchased 75,000 Ordinary Shares of £0.001 each in the Company on 31 October 2023 at a price of 6.449p per Ordinary Share. Following this purchase Paul Formanko owns 1,275,000 Ordinary Shares representing approximately 0.33% of the total voting rights of the Company. |
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 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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