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

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

PR Newswire

London, November 3

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 Industriesplc
Daniel Maling David Ormerod	[phone]
Vigo Consulting (Investor Relations)
Ben Simons	[phone]
Peter Jacob
Cairn Financial Advisers LLP (AQSE Corporate Adviser)
Ludovico Lazzaretti Liam Murray	[phone]
Peterhouse Capital Limited (Broker)
Duncan Vasey	[phone]

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