Hydrogen Utopia International
PLC
(the "Company" or "HUI")
Response to Erroneous News Story by Alliance
News
Hydrogen Utopia
International PLC, a company specialising in turning non-recyclable
mixed waste plastic into hydrogen and other carbon-free fuels, new
materials or distributed renewable heat, is aware
that
a news story was published in error yesterday afternoon by Alliance
News.
HUI wishes to make clear
that the news story with the headline 'Hydrogen Utopia Board
withdraws AGM Resolution for Incentive Plan' released on 23 April
2024 at 14:25:20 does not relate to the Company and was misleading.
The news story referred to a withdrawal of a resolution from an AGM
agenda on a given date.
However, and as planned,
HUI's final results will be announced and a date for the AGM will
be set by the end of the month.
For further
information, please contact:
Hydrogen Utopia International PLC
Aleksandra
Binkowska
+44 20 3811
8770
Alfred Henry Corporate Finance Limited (LSE Corporate
Adviser)
Nick Michaels/Maya Klein
Wassink
+44 20 3772
0021
Novum Securities Limited (Broker)
Jon Belliss/Colin
Rowbury
+44 20 7399 9400
About Hydrogen Utopia International PLC
HUI aims to become one of the
leading new European companies specialising in turning
non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels,
new materials or distributed renewable heat.
A HUI facility uses non-recyclable
mixed waste plastic as feedstock and turns it into syngas from
which new products and energy can be produced. HUI anticipates that
its revenues will be derived from a variety of sources, dependent
upon location and configuration of the HUI facilities, including
the sale of syngas, hydrogen and other gases, electricity and heat
sales, and the payment to it of fees for a given quantity of
non-recyclable mixed waste plastic received at a HUI
facility.
HUI will target areas where there is
significant private sector interest or potential, financial backing
is accessible and or where substantial EU and/or government funded
sources of grants and loans are or may be available. The global
increase in fossil fuel-based energy prices reinforces the need for
alternative, price competitive energy sources, which HUI's business
model can provide.
