Business
Retail Offer on the BookBuild platform
Clean Power Hydrogen PLC has announced a retail offer of new ordinary shares at 1.5 pence per share, targeting at least £0.5 million in subscriptions from existing shareholders, following a conditional placing that raised approximately £3 million. Additionally, West Hill Capital investors have indicated an intention to subscribe for up to £4 million, and directors plan to subscribe for 666,667 shares. The total fundraising aims to support a transition to a capital-light model, focusing on strategic partnerships and technology licensing, with net proceeds allocated to implementing this model, investigating a recent incident, progressing strategic initiatives, and providing working capital through June 2027. The issue price represents a significant discount to the previous closing share price before a temporary suspension. Disclaimer*
About this update from Clean Power Hydrogen Plc
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, TO US PERSONS (AS DEFINED BELOW) OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT. THE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF CLEAN POWER HYDROGEN PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY BY SUCH PERSONS. THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF CLEAN POWER HYDROGEN PLC. 2 July 2026 CLEAN POWER HYDROGEN PLC ("CPH2" or the "Company") Retail Offer on the BookBuild platform The Board of Clean Power Hydrogen plc is pleased to announce a retail offer via BookBuild (the "Retail Offer") of new ordinary shares of 1p each ("Ordinary Shares") in the capital of the Company (the "Retail Offer Shares") at an issue price of 1.5 pence per new Ordinary Share (the "Issue Price"). The Retail Offer is targeting a minimum £0.5 million subscriptions and is open only to existing shareholders of the Company. The Company has separately announced, at 07:00 on 1 July 2026 that, inter alia, it has conditionally raised approximately £2.54 million (before fees and expenses) through a firm placing (the "Firm Placing") of 169,333,333 new Ordinary Shares (the "Firm Placing Shares") and a further £0.46 million through a conditional placing of 30,666,667 new Ordinary Shares (the "Conditional Placing Shares") (the "Conditional Placing" and together with the Firm Placing, the "Placing"), also at 1.5p per Ordinary Share. Turner Pope Investments (TPI) Ltd ("TPI"), the Company's placing agent, reserves the righ...
View stock analysis, news, and events for Clean Power Hydrogen Plc