Clean Power Hydrogen plc Retail Offer Announcement
Key Ideas
- Clean Power Hydrogen Plc announces a Retail Offer for up to £0.3 million through the issue of new ordinary shares.
- The Retail Offer includes up to 4,000,000 new Ordinary Shares at a price of 7.5 pence each, representing a discount.
- Proceeds from the Retail Offer will be utilized for the same purposes as the Placing and Subscription of new shares.
- The Retail Offer is available to existing retail shareholders in the UK through intermediaries listed on the BookBuild platform.
Clean Power Hydrogen Plc (CPH2) has announced a Retail Offer for up to £0.3 million through the issuance of new ordinary shares. The Retail Offer will include up to 4,000,000 new Ordinary Shares priced at 7.5 pence per share, which represents a discount compared to the closing share price of 7.85p per existing Ordinary Share. The proceeds from this Retail Offer will be used in a manner consistent with the Placing and Subscription of new shares. The Retail Offer will be conditional on shareholder approval at a General Meeting and the Admission of the New Shares to the AIM market of the London Stock Exchange. Cavendish Capital Markets Limited will act as the retail offer coordinator for this Retail Offer, which is available to existing retail shareholders in the United Kingdom through approved financial intermediaries listed on the BookBuild platform. The Retail Offer is part of the Company's efforts to engage with and involve its retail shareholder base that has supported CPH2 since its IPO.