Clean Power Hydrogen Plc Retail Offer Announcement
Key Ideas
- Clean Power Hydrogen Plc announces a retail offer to issue up to 4,000,000 new Ordinary Shares at a price of 7.5 pence per share.
- The offer is part of a larger fundraising initiative to raise £6.0 million through a conditional placing and subscription of new Ordinary Shares.
- Retail shareholders in the UK are given the opportunity to participate in the Retail Offer through designated financial intermediaries.
- The Retail Offer is separate from the Placing or Subscription and the proceeds will be utilized in a similar manner as the larger fundraising initiative.
Clean Power Hydrogen Plc has announced a retail offer through BookBuild to issue up to 4,000,000 new Ordinary Shares at a price of 7.5 pence per share. This offering is part of a broader fundraising effort to raise £6.0 million through a conditional placing and subscription of new Ordinary Shares. The Retail Offer, aimed at retail shareholders in the United Kingdom, is separate from the Placing or Subscription. The funds raised will be utilized in a manner similar to the larger fundraising initiative. Retail shareholders can participate in the offer through designated financial intermediaries listed on the BookBuild platform. The timetable for the Retail Offer involves opening on 18 December 2024, with commitments due by 20 December 2024, and results announced on 23 December 2024. Admission and trading of the new shares are expected to commence on AIM at 8.00 a.m. on 9 January 2025. The Company values its retail shareholder base and aims to include them alongside institutional investors in its fundraising efforts.