Clean Power Hydrogen plc Retail Offer Announcement
Key Ideas
- Clean Power Hydrogen plc announces a retail offer for up to £0.3 million, making new ordinary shares available at 7.5 pence per share.
- The offer is part of a larger fundraise totaling £6.0 million through placing and subscription of new ordinary shares at the same price.
- Retail shareholders in the UK have the opportunity to participate, with the offer coordinated by Cavendish Capital Markets Limited.
- The fundraising is conditional on shareholder approval, with expected trading of new shares on AIM market on 9 January 2025.
Clean Power Hydrogen plc has announced a retail offer for up to £0.3 million through the issuance of new ordinary shares at a price of 7.5 pence per share. This offer is separate from a larger fundraise of £6.0 million through a conditional placing and subscription of new ordinary shares at the same price. The company values its retail shareholder base and is providing them with the opportunity to participate in the offer, in addition to institutional investors. The retail offer is coordinated by Cavendish Capital Markets Limited, and existing retail shareholders in the UK can participate through their brokers or wealth managers. The fundraising activities, including the retail offer, are subject to shareholder approval at a General Meeting scheduled for 8 January 2025 at Apex Office Space in Doncaster. The new shares are expected to be admitted to trading on the AIM market of the London Stock Exchange on 9 January 2025. Any changes to the timetable will be communicated through a Regulatory Information Service. The company emphasizes its commitment to engaging with retail shareholders alongside institutional investors.