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

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

  • Timothy Blake

  • David Ormerod

  • Daniel Maling

  • Fungai Ndoro

Reason for notification

Position/Status

  • PDMR

  • Director

  • Director

  • 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)

  • 10p

  • 10p

  • 10p

  • 10p

  • 3,000,000

  • 1,000,000

  • 1,000,000

  • 500,000

Aggregated information


- Aggregated Volume

- Price


N/A

Date of the transaction

4 November 2022

Place of the transaction

AQSE