HUI has also announced the admission of its entire issued share capital to the Official List of the Financial Conduct Authority (FCA) by way of a standard listing under Chapter 14 of the Listing Rules.
Traded under the symbol ‘HUI’, H2 View understands the company has 384,320,000 Ordinary Shares in issue at 0.1p each.
Last Thursday (January 5), Hydrogen Utopia said it would have a market capitalisation of the company on admission of approximately £68.2m ($82.7m).
The listing comes little over a year after the company was listed on the AQSE Growth Market, which it has said it will continue to trade on.
“Joining the LSE’s main market just one year on from our IPO is a major milestone for us,” said Guy Peters, Chairman of HUI. “We look forward to providing further updates on our progress towards helping Europe and ultimately the rest of the world achieve Net Zero climate impact.”
Aleksandra Binkowska, CEO of HUI said the listing will help the company attract international investment and, “accelerate the building of our facilities for turning non-recyclable waste plastics into syngas and hydrogen.”
In July last year (2022), HUI agreed heads of terms (HoTs) with Powerhouse Energy Group for the joint development of a new waste to hydrogen site in Ireland.
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