HFI Hydrogen Future Industries PLC

 
TIDMHFI 
 
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                                    +44 (0) 20 72130 880 
 
Liam Murray 
 
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 (https://hydrogenfutureindustries.com/wp-content/uploads/2022/07/HFI-Flyer 
-for-Website.pdf) for more information about Hydrogen Future Industries. 
 
Visit our website: www.hydrogenfutureindustries.com 
 
Follow us on social media: 
 
LinkedIn: @Hydrogen Future Industries (https://www.linkedin.com/company/hydrogen 
-future-industries) 
 
Twitter: @HydrogenFI (https://twitter.com/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             Past Directorships / 
Directorships /     Partnerships (within the last 
Partnerships:       five years): 
Enovation           Scirocco Energy International 
Resources Ltd       Ltd 
Helium Resources    Scirocco Energy plc 
Limited 
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. 
 
 
This information was brought to you by Cision http://news.cision.com 
https://news.cision.com/hydrogen-future-industries-plc/r/directorate-change,c3831761 
 
 
END 
 
 

(END) Dow Jones Newswires

September 08, 2023 02:00 ET (06:00 GMT)

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