Clean Power Hydrogen
FINPROM Findings
6“in the event that the Fundraising is not successful and alternative funding is not available on suitable terms or at all, the amount of working capital available to the Company will be severely limited...the Company would have to severely restrict its costs, impacting its ability to progress its growth strategy and continue its operations beyond the end of September 2025”
Explicit going concern warning: company states it cannot continue operations beyond September 2025 without the fundraise succeeding. CEO taking 20% salary in shares to preserve cash.
“fund the Group's working capital requirements through to the SAT of its first commercial MFE220 unit... Placing Shares and Subscription Shares represent, in aggregate, 39.5 per cent. of the Company's Existing Ordinary Shares... discount of approximately 2 per cent”
Pre-revenue company raising working capital to reach its first commercial unit milestone represents going-concern dependency on this fundraise. Dilution at 39.5% is significant, though the 2% discount is minimal.
“CPH2 has made significant technical progress...unique and highly scalable MFE product...a 15% reduction in aeration time, a 31% increase in ammonia removal, and a 13% reduction in energy consumption...deliver the lowest LCOH in the market”
Promotional language about technical achievements and superlative claims ('unique', 'highly scalable', 'lowest LCOH in the market') presented alongside a fundraise announcement for a company facing imminent insolvency.
“a retail offer via the Bookbuild platform in order to enable the Company's retail shareholder base to participate and to continue to support its growth strategy (the 'Retail Offer'). Further details of the Fundraising will be announced in due course”
Retail offer via BookBuild is mentioned but details deferred. The announcement combines a going concern warning with a retail offer framed as supporting 'growth strategy', creating a misleading juxtaposition.
“retail offer via BookBuild... Article 43 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (which includes an existing member of Clean Power Hydrogen plc)... Retail Offer may close early if it is oversubscribed”
Standard retail offer via BookBuild with appropriate Article 43 financial promotion exemption. The oversubscription early-close language is standard but creates mild urgency. Discount is minimal at 2%.
“A total of 1,140,000 Subscription Shares are being issued to Directors of the Company and its subsidiaries and current and former members of the management team... Rick Smith, Non-Executive Director, has also confirmed his intention to subscribe for 100,000 New Shares pursuant to the Retail Offer”
Director participation is a positive alignment signal, but a NED subscribing through the Retail Offer rather than the institutional route could influence retail investor sentiment disproportionately.
RNS Announcements
4Proposed Placing, Subscription, and Retail Offer
THIS ANNOUNCEMENT, INCLUDING THE APPENDIX AND INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRI…
Retail Offer to Raise up to £300,000
THIS ANNOUNCEMENT. THE COMMUNICATION OF THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATING TO THE RETAIL OFFER AS A FINANCIAL PROMOTION IS ONLY BEING MADE TO, AND MAY ONLY BE ACTED UPON BY, THOSE PERSONS IN THE UNITED KINGDOM FALLING WITHIN ARTICLE 43 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (WHICH INCLUDES AN EXISTING MEMBER OF CLEAN POWER HYDROGEN PLC). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO SUCH PERSONS AND WILL BE ENGAGED IN ONLY BY SUCH PERSONS. THIS ANNOUNCEMENT IS FOR…
Result of Placing and Subscription
THIS ANNOUNCEMENT, INCLUDING THE APPENDIX AND INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, ANY MEMBER STATE OF THE EEA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION O…
Corporate Update and Proposed Fundraising
THIS ANNOUNCEMENT, INCLUDING THE APPENDIX AND INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, ANY MEMBER STATE OF THE EEA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHA…
LinkedIn Activity
1CleanTech Lithium opens retail share offer via BookBuild at 5p/share alongside £4.3m placing. Retail offer oversubscribed, raising £250,000.
Proactive Investors shared article on LinkedIn. The placing price of 5p represented significant dilution from earlier raises at 16p. Company had noteholder forced review. No LinkedIn posts found from CleanTech Lithium's own company page or CEO Aldo Boitano specifically promoting the BookBuild retail offer, though the company page shares operational updates regularly.
Board of Directors
8| Name | Role | Appointed | Status |
|---|---|---|---|
| Amba Secretaries Limited | Director | 2025-01-30 | active |
| Christopher Train | Chair | 2022-02-16 | active |
| Henry Price | Non-Executive Director | — | active |
| James Graham Hobson | Executive Director | 2022-12-06 | active |
| Jonathan Richard Duffy | Executive Director | 2021-08-19 | active |
| Natalie Jayne Fortescue | Independent Non-Executive Director | 2022-02-16 | active |
| Richard Scott | Chairman | — | active |
| Ricki Brent Smith | Non-Executive Director | 2021-12-02 | active |