Hydrogen Future Industries plc Announces Equity Issue for Consultancy Fees
Key Ideas
  • Hydrogen Future Industries plc issued 2,906,250 new ordinary shares at a price of 1.6 pence per share to certain creditors in lieu of consultancy and service provider fees.
  • The new ordinary shares are expected to be admitted to trading on the Aquis Stock Exchange AQSE Growth Market, increasing the company's issued share capital to 64,656,250 ordinary shares.
  • The company's proprietary wind-based green hydrogen production system aims to reduce the cost of hydrogen production from renewable sources and provide cost-effective on-demand energy storage.
  • Hydrogen Future Industries emphasizes its focus on investing in projects and companies within the Hydrogen Economy sector.
Hydrogen Future Industries plc (HFI) recently announced the issuance of 2,906,250 new ordinary shares at a price of 1.6 pence per share to certain creditors as payment for consultancy and service provider fees. These shares will be subjected to a 6-month lock-in agreement from the date of Admission. The company applied for the new ordinary shares to be admitted to trading on the Aquis Stock Exchange AQSE Growth Market, with an expected effective Admission date of around 31 January 2025. Post Admission, the total issued share capital will amount to 64,656,250 ordinary shares, with each share holding one voting right. Hydrogen Future Industries focuses on investing in projects and companies centered around the Hydrogen Economy. The company is known for developing a wind-based green hydrogen production system that integrates an advanced aerodynamic wind turbine and a high-performance electrolyser. This system also involves hydrogen compression and storage technologies. The primary goal of this technology is to decrease the cost of hydrogen production from renewable sources and offer affordable on-demand energy storage in the form of hydrogen, competing favorably with lithium-ion battery storage costs. To learn more about Hydrogen Future Industries and its projects, visit their website or follow them on social media platforms like LinkedIn and X (formerly Twitter).
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