Business
Proposed Fundraising
Clean Power Hydrogen plc announced a fundraising initiative aiming to raise up to £7.5 million at 1.5 pence per share, comprising a firm placing of £2.54 million, a conditional placing of £0.46 million, a directors' subscription of £10,000, a conditional subscription of up to £4.0 million, and a retail offer targeting a minimum of £0.5 million. The company is transitioning to a capital-light business model focused on licensing its proprietary membrane-free electrolyser technology, with net proceeds intended for implementing this strategy, covering operational costs for 12 months, and addressing the MFE220 incident. Management changes include Richard Scott becoming CEO, Natalie Fortescue as Non-Executive Chair, and the resignations of the current CEO and Chair. Disclaimer*
About this update from Clean Power Hydrogen Plc
THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW ORDINARY SHARES OF CLEAN POWER HYDROGEN PLC IN THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR ANY OTHER JURISDICTION IN WHICH SUCH OFFER WOULD BE UNLAWFUL. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION EU NO. 596/2014, AS RETAINED AND APPLICABLE IN THE UK PURSUANT TO SECTION 3 OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. 1 July 2026 Clean Power Hydrogen plc ("CPH2", the "Company" or the "Group") Proposed Firm Placing of £2.54 million Proposed Conditional Placing of £0.46 million Proposed Directors Subscription of £10,000 Proposed Conditional Subscription to raise up to £4.0 million Proposed Retail Offer targeting a minimum raise of £0.5 million at a price of 1.5 pence per share Clean Power Hydrogen plc (AIM: CPH2), the UK-based green hydrogen technology company, today announces that it has conditionally raised approxi...
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