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Gerald Edelman advises renewable energy specialist on London Stock Exchange debut

09 Jan 2023

Gerald Edelman acted as reporting accountant on the admission of Hydrogen Utopia International PLC (HUI) to the standard segment of the main market of the London Stock Exchange.

The renewable energy specialist listed on the LSE on 09 January 2023 with an anticipated market capitalisation of approximately £62.8 million.

HUI’s main market debut comes 12 months after it listed on the “Access” segment of the Aquis Stock Exchange (AQSE), a stock market for growth companies, in January of this year.

HUI specialises in turning non-recyclable mixed waste plastic into low-carbon fuels, with a strong focus on hydrogen and synthetic gas. Its corporate headquarters are in London, with subsidiaries on the European continent, and an ambition to expand and deliver projects globally in future.

Other advisers who worked on the listing included corporate adviser Alfred Henry Corporate Finance and law firm Laytons ETL. Like Gerald Edelman, Laytons ETL is part of the ETL Global network of professional services firms, which employs 20,000 people in more than 50 countries.

Carl Lundberg, partner at Gerald Edelman, said:

“I am delighted that HUI has achieved its admission to listing on the main market of the London Stock Exchange. This is an important move for the company, increasing both its profile and access to capital.

It was a pleasure to advise the team at HUI on this transaction and to work with talented fellow professionals, including the team at Alfred Henry Corporate Finance and our colleagues at Laytons ETL.”

Liza Zucconi, corporate partner at Laytons ETL, said:

“It was a pleasure to work with Hydrogen Utopia International once again, together with Maya Wassink and Nick Michaels at Alfred Henry Corporate Finance and Carl Lundberg and William Abell at Gerald Edelman. It speaks volumes about HUI’s progress that it has been able to achieve a standard listing on the main market of the London Stock Exchange just 12 months after it was first admitted to Access segment of AQSE.

Moving up to the main market is an important milestone for the company, offering increased liquidity and potentially opening it up to a wider range of institutional investors. This listing is also a great advertisement for the growth markets, and shows that AQSE can be the first step on a rapid escalator to the senior stock markets.”

Aleksandra Binkowska, the founder and CEO of Hydrogen Utopia International PLC, said:

'It is not an easy achievement under current market circumstances, but with the right people we have successfully achieved our main market listing.

HUI is growing into an international Company, being listed now in three countries and developing a technology that will change how we perceive plastic waste. It doesn’t have to be an enemy: it is fuel for our industries and our transport.

To quote Benjamin Franklin: "Without continual growth and progress, such words as improvement, achievement, and success have no meaning".'

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