Hydrogen Future Industries Plc - Directorate Change

8 September 2023

Hydrogen Future Industries plc

("HFI" or the "Company")

 

Directorate Change

 

Hydrogen Future Industries plc (AQSE: HFI), a developer of a proprietary wind-based green hydrogen production system, is pleased to announce the appointment of Neil Ritson as Non-Executive Chairman with immediate effect. In conjunction with the appointment, David Ormerod has stepped down as a Non-Executive Director to focus on his other commitments in Australia.

 

Mr Ritson is an energy sector professional with a career spanning over 40 years, including 20 years in various technical and managerial positions with British Petroleum. Mr Ritson was formerly International Vice President at Burlington Resources, which was acquired by ConocoPhillips, and Executive Chairman at Solo Oil plc (now Scirocco Energy plc). He currently serves as Non-Executive Chairman of Helium Ventures plc (AQSE: HEV).

 

Further information regarding the appointment of Mr Ritson is set out in the appendix below.

 

Following Mr Ritson's appointment, Daniel Maling will transition from Executive Chairman to the role of Executive Director with immediate effect, enabling him to devote more time to driving the commercial and business development elements of the business strategy.

 

Daniel Maling, Executive Director, commented:

 

"HFI is at an exciting juncture as the Company's energy system advances along its development pathway, getting closer to commercial reality, with both our wind turbine and electrolyser technologies generating positive results.

 

"We welcome Neil Ritson to the board as Chairman. Neil brings many years of international energy and listed company experience and is based in the UK.

 

"The Board wishes to thank Mr Ormerod for his contribution towards listing HFI on the Aquis Stock Exchange, identifying the opportunity to develop a wind-based hydrogen production system, and assisting the Company with strengthening its intellectual property rights."

 

Enquiries:

 

Hydrogen Future Industries plc
Daniel Maling, Executive Director	+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.

 

About Hydrogen Future Industries

 

Hydrogen Future Industries was established to invest in projects and companies focused on the Hydrogen Economy. We are developing a proprietary wind-based hydrogen production system, incorporating hydrogen compression and storage. Through this technology, we aim to significantly reduce the cost of hydrogen production from renewable sources and provide on-demand energy storage in the form of hydrogen at a fraction of the cost of lithium-ion battery storage. Click here for more information about Hydrogen Future Industries.

 

Visit our website: www.hydrogenfutureindustries.com

Follow us on social media:

LinkedIn: @Hydrogen Future Industries

Twitter: @HydrogenFI

 

Caution Regarding Forward Looking Statements

 

Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company's current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are intended to identify forward-looking statements. These statements are not a guarantee of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company's control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.

 

Appendix - Further Information Regarding the Appointment of Neil Ritson

 

The following information is disclosed in respect of Mr Neil Ritson (age 67) pursuant to Rule 4.9 of the AQSE Growth Market Access Rulebook.  All information is as at the date of this announcement.

 

Current Directorships / Partnerships:	Past Directorships / Partnerships (within the last five years):
Enovation Resources Ltd	Scirocco Energy International Ltd
Helium Resources Limited	Scirocco Energy plc
Helium Ventures plc
NR Global Consulting Limited
Vanguard Energy Limited

 

Mr Ritson has an interest in 200,000 ordinary shares in the Company.

 

There is no further information which is required to be disclosed pursuant to Rule 4.9 of the AQSE Growth Market Access Rulebook in respect of Mr Neil Ritson.