Business
Directorate Change, Bitcoin Treasury & GM
Hydrogen Future Industries PLC announced director appointments, a proposed Bitcoin treasury policy, and a name change to Energy B plc, pending regulatory filings. Shareholders will vote on these proposals at a General Meeting on October 13, 2025. The company seeks approval for a share capital reorganization, consolidating every 50 existing shares of 1 pence each into one share of 50 pence, then dividing it into one new ordinary share of 1 pence and one deferred share of 49 pence. They also seek authority to allot new shares up to a nominal amount of £10,000,000 to fund business operations and the Bitcoin treasury policy. The company intends to undertake an institutional fundraise at a price close to the company's current net asset value. Disclaimer*
About this update from Energy B Plc
[{"type":"text","content":"\n\nHydrogen Future Industries Plc\n(\"HFI\" or the \"Company\")\nDirector Appointments\nProposed Adoption of Bitcoin Treasury Policy\nChange of Name\nNotice of GM\nHydrogen Future Industries plc (AQSE: HFI), a developer of a proprietary wind-based green hydrogen production system featuring an advanced aerodynamic wind turbine, announces (i) director appointments to the Board of the Company, (ii) operating business update, (iii) change of name, (iv) the proposed adoption of a bitcoin treasury policy to be approved at a general meeting of shareholders, (v) a notice of which has been sent to shareholders to be held at the offices of Fladgate LLP at 16 Great Queen Street, London, WC2B 5DG on 13 October 2025 at 10:00 a.m..\nThe Directors of the Company wish to seek shareholder approval for:\n- the adoption of a bitcoin treasury policy;\n- a share capital reorganisation to consolidate its capital structure which will involve:\no a consolidation of the existing issued ordinary shares into fewer ordinary shares,\no the division of each consolidated ordinary share into one new ordinary share and a number of deferred shares,\no the establishment of a new par value and corresponding issue price for new shares; and\n- seek authorities to allot and issue new shares in order to provide the Company with the flexibility to issue equity as part of its ongoing efforts to procure substantial funding for its business operations and proposed bitcoin treasury policy.\nThe notice of GM will be made available on the Company's website in due course (https://hydrogenfutureindustries.com/).\nThe letter from the Chairman in the GM circular, Timetable, Statistics and Definitions can be found below in Appendix I.\nDirector Appointments\nAlex Appleton - Chief Executive Officer and Director\nAlex Appleton is an experienced CFO and board level leader, bringing over 25 years' expertise throughout his career. Previously CFO of Argo Blockchain Plc (\"Argo\"), a UK and Nasdaq listed Bitcoin Mining company, Alex was pivotal in raising over $300 million in equity and debt. Alex was involved in Argo's successful Nasdaq IPO in 2021.\n \nAlex is a member of the Institute of Chartered Accountants of Scotland. Alex brings governance, re...