Clean Power Hydrogen advised on AIM admission by Browne Jacobson
Browne Jacobson has advised on the admission of the entire issued ordinary share capital of green hydrogen technology and manufacturing group, Clean Power Hydrogen (“CPH2”) to trade on AIM (“AIM”), a market operated by the London Stock Exchange plc.
Doncaster-based CPH2, which was established in 2012, designs and manufactures hydrogen production units safely and sustainably. The business is known for its development of the IP-protected, cutting-edge Membrane-Free Electrolyser (“MFE”) which produces hydrogen faster, more reliably, and more cost-effectively.
Admission follows an over-subscribed Placing by Cenkos Securities plc (“Cenkos”). Cenkos is acting as the Nominated Adviser and sole broker in respect of the Admission.
The core Browne Jacobson team comprised London-based Corporate Lawyer and Consultant, Murdoch Currie who led on the deal with partner, Nigel Blackwell, along with Senior Associate, Harry Pearson and Associate, Shania Sood. Additional support came from Legal Director, Beth Dowson and Associate, Christian Burchardt (Nottingham, tax); Senior Associate, Nick Smee and Associate Jess Johnson (Birmingham, IP and commercial) and Manchester-based Partner, Ian Deakin (employment).
This is one of more than ten instructions Browne Jacobson has received from rapidly-growing CPH2.
Jon Duffy, Chief Executive Officer of CPH2, commented: “Today’s admission and over-subscribed placing, delivered in difficult stock market conditions, is an important milestone for CPH2 and will assist the rapid growth of the Group. The funds raised will further strengthen the Group’s financial position and will enable CPH2 to build out our Doncaster manufacturing operation.
“I also want to thank Murdoch and the wider Browne Jacobson team for the strong and highly commercial advice they gave on this complex project. The team did everything they could to meet the critical timescales in place and made us feel like a number one priority.”