Hydrogen Future Industries Plc - Grant of Share Options & Director/PDMR Notification PR Newswire

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* (PDMR) 3,000,000
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
David Ormerod
+44 (0)20 3475 6834
Vigo Consulting (Investor Relations)
Ben Simons +44 (0) 20 7390 0230
Peter Jacob
Cairn Financial Advisers LLP (AQSE Corporate Adviser)
Ludovico Lazzaretti
Liam Murray
+44 (0) 20 72130 880
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
  1. Timothy Blake
  2. David Ormerod
  3. Daniel Maling
  4. Fungai Ndoro
Reason for notification
Position/Status
  1. PDMR
  2. Director
  3. Director
  4. Director
Initial notification/
Amendment
Initial
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 instrument, type of instrument

Identification Code

Option over new ordinary shares
Nature of the transaction Issue of options
Price(s) and volume(s)
Price(s) Volume(s)
  1. 10p
  2. 10p
  3. 10p
  4. 10p
  1. 3,000,000
  2. 1,000,000
  3. 1,000,000
  4. 500,000
Aggregated information
 

- Aggregated Volume

- Price

N/A
Date of the transaction 4 November 2022
Place of the transaction AQSE