London Stock Exchange welcomes Clean Power Hydrogen plc to AIM

Clean Power Hydrogen plc (“CPH2”) is a UK-based, rapidly-growing hydrogen technology company that designs and manufactures electrolysers to produce green hydrogen in a simple, safe and sustainable manner. The group aims to become a globally recognised and highly-profitable designer, manufacturer, and licensor of its Membrane-Free Electrolyser (“MFE”) technology and is targeting 4GW production capacity by 2030.

Today, the Company has listed its entire issued ordinary share capital to trading on London Stock Exchange’s AIM. Admission follows an oversubscribed Placing by Cenkos Securities plc (“Cenkos”) for a total of 67,717,818 Ordinary Shares at 45p per Ordinary Share (the “Placing Price”), raising gross proceeds of £30.5m (before expenses) (the “Placing”).

Today, the Company has been awarded the London Stock Exchange’s Green Economy Mark at Admission, which recognises companies that derive 50% or more of their total annual revenues from products and services that contribute to the global green economy.

Quick facts

Track
Market: AIM
Instrument market cap (£m)
118.38
Listing/Admission to trading
16 Feb 2022

Jon Duffy, CEO of CPH2, commented,

“Today’s listing is an important milestone for CPH2 which will assist the rapid growth of the Group and allow investors the opportunity to gain exposure to CPH2’s exciting journey of growth. The funds raised will further strengthen the Group’s financial position and will enable CPH2 to complete the fit-out of our Doncaster manufacturing operation and to identify a potential site for our proposed factory in Northern Ireland. CPH2 has an opportunity to penetrate an extremely fast-growing hydrogen market and aims to become a globally recognised, highly profitable designer, manufacturer, and licensor of its MFE technology, targeting 4GW production capacity by 2030, an opportunity further advanced by the move onto the public markets.

“The Group is now in a position to continue significant investment into its research and development capacity and enhance our intellectual property position together with establishing a stock of completed units to deliver against the substantial and continually growing opportunity pipeline.

"I am grateful for all the hard work of our team, and I would like to thank our new and existing shareholders for their support. We are confident in our ability to deliver on the opportunities ahead and I look forward to providing updates on our progress as our business develops."

Cenkos Securities plc has been appointed as Nominated Adviser and sole broker to CPH2.

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