Hydrogen Future Industries Plc Grant of Share Options & Director/PDMR Notification
04 November 2022 - 6:00PM
UK Regulatory
TIDMHFI
4 November 2022
Hydrogen Future Industries plc
("HFI" or the "Company")
Grant of Share Options
&
Director/PDMR Notification
Hydrogen Future Industries plc (AQSE:HFI), a developer of proprietary wind and
water-based green hydrogen production systems, has granted a total of 6,000,000
share options exercisable at 10 pence each to directors of the Company and/or
its subsidiary as well as a consultant (the "Options"). All the Options vest
immediately and are exercisable for a period of five years from the date of
issue (being 4 November 2022), save for 1,500,000 of the Options granted to
Timothy Blake which will vest upon the satisfaction of certain performance
conditions, including the independent verification of the patented wind system
testing results confirming the expected efficiency gains.
A schedule of the Option grants appears below:
Name Position Number of Options
Timothy Blake Director of HFI Energy Systems Limited* 3,000,000
(PDMR)
David Ormerod Director 1,000,000
Daniel Maling Director 1,000,000
Fungai Ndoro Director 500,000
Consultant Finance consultant 500,000
Total 6,000,000
* HFI Energy Systems Limited is a wholly owned subsidiary of the Company
--ENDS-
Enquiries:
Hydrogen Future Industries plc
Daniel Maling +44 (0)20 3475 6834
David Ormerod
Vigo Consulting (Investor Relations)
Ben Simons +44 (0) 20 7390 0230
Peter Jacob
Cairn Financial Advisers LLP (AQSE
Corporate Adviser)
Ludovico Lazzaretti +44 (0) 20 72130 880
Liam Murray
Peterhouse Capital Limited (Broker)
Duncan Vasey +44 (0) 20 7469 0930
Inside Information
This announcement contains inside information for the purposes of the UK Market
Abuse Regulation and the Directors of the Company accept responsibility for the
contents of this announcement.
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
596/2014
Details of the person discharging managerial responsibilities/person closely
associated
Name A. Timothy Blake
B. David Ormerod
C. Daniel Maling
D. Fungai Ndoro
Reason for
notification
Position/Status A. PDMR
B. Director
C. Director
D. Director
Initial notification Initial
/
Amendment
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
Name Hydrogen Future Industries PLC
LEI 213800U3MWUSU24ARW11
Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
Description of the
financial Option over new ordinary shares
instrument, type of
instrument
Identification Code
Nature of the Issue of options
transaction
Price(s) and volume Price(s) Volume(s)
(s)
A. 10p A. 3,000,000
B. 10p B. 1,000,000
C. 10p C. 1,000,000
D. 10p D. 500,000
Aggregated
information N/A
- Aggregated Volume
- Price
Date of the 4 November 2022
transaction
Place of the AQSE
transaction
END
(END) Dow Jones Newswires
November 04, 2022 03:00 ET (07:00 GMT)
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