7th Jul 2026 19:03
Clean Power Hydrogen PLC - Doncaster, Yorkshire-based green hydrogen technology and intellectual property company - Shares are restored to trading from Tuesday morning, following its announcement on July 1 of a proposed fundraising. Firm placing element raises approximately GBP2.5 million in gross proceeds. Expects net proceeds to address its "constrained working capital position" by providing sufficient funding through to December. Says the fundraising's total net proceeds should support its new strategic direction, which is focused on "transitioning towards a capital-light model, centred on strategic partnerships, manufacturing agreements and the global licensing of its proprietary technology". Also expects them to provide sufficient working capital for at least the year ending June 2027.
Clean Power also announces that its retail offer, which it announced on Thursday and which closed at midday on Monday, raised its target amount of GBP500,000 before expenses. Assuming that shareholders pass the relevant resolutions at the general meeting on July 20, the company will therefore issue 33.3 million retail offer shares at the issue price of 1.5p each.
Current stock price: 1.44p, down 87% on Tuesday in London
12-month change: down 73%
By Emma Curzon, Alliance News reporter
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