Fusion Fuel Green PLC will hold its AGM on June 25, 2025, to discuss key shareholder proposals, including a reverse share split.
Quiver AI Summary
Fusion Fuel Green PLC announced its Annual General Meeting (AGM) will take place on June 25, 2025, in Dublin, where shareholders will discuss six proposals, including a plan for a reverse share split of its Class A Ordinary Shares to meet Nasdaq's minimum bid price requirement. Shareholders of record as of May 30, 2025, have received the Notice of AGM, which was also filed with the SEC. CEO John-Paul Backwell emphasized that obtaining shareholder approval for the reverse share split will demonstrate the company's commitment to regaining compliance with Nasdaq regulations, alongside ongoing growth and strategic acquisitions aimed at enhancing long-term sustainability and shareholder value. Fusion Fuel continues to expand its energy solutions and structures to support energy transition and resilience in various sectors.
Potential Positives
- The announcement of the Annual General Meeting (AGM) demonstrates transparency and ongoing communication with shareholders, inviting them to engage in the decision-making process.
- The proposal for a reverse share split aims to regain compliance with Nasdaq's minimum bid price requirement, which could improve the company’s standing and attractiveness to investors.
- CEO John-Paul Backwell’s comments highlight the company’s strategic growth and commitment to long-term sustainability, which can enhance investor confidence.
- Fusion Fuel's commitment to expanding into new verticals and geographies aligns with current trends in energy transition, indicating potential for future growth and market relevance.
Potential Negatives
- The proposal for a reverse share split indicates that the company's stock is currently trading below the Nasdaq minimum bid price requirement of $1.00 per share, suggesting underlying financial or operational issues.
- The necessity of obtaining shareholder approval for the reverse share split may raise concerns among investors about the company's stability and future performance.
- Despite the positive framing of the AGM and future plans, the emphasis on compliance with Nasdaq listing requirements highlights potential vulnerabilities in the company's market position.
FAQ
When is Fusion Fuel's Annual General Meeting?
Fusion Fuel's AGM is scheduled for June 25, 2025, at 2:00 PM Dublin time.
Where will the AGM be held?
The AGM will take place at the offices of Arthur Cox LLP, Dublin, Ireland.
What is a key item on the AGM agenda?
A key agenda item is the proposal for a reverse share split of the Company's Class A Ordinary Shares.
Why is the reverse share split being proposed?
The reverse share split aims to regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share.
How can shareholders access the Notice of AGM?
Shareholders can access the Notice of AGM through the SEC's website and it has also been mailed to all shareholders of record.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
DUBLIN, June 04, 2025 (GLOBE NEWSWIRE) -- via IBN – Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”) today announced that it will hold its Annual General Meeting (“AGM”) on June 25, 2025, at 2:00 PM (Dublin time) at the offices of Arthur Cox LLP, Ten Earlsfort Terrace, Dublin 2, D02 T380, Ireland.
Shareholders are encouraged to review the Notice of AGM, which has been furnished to the U.S. Securities and Exchange Commission (“SEC”) with a Report on Form 6-K and mailed to all shareholders of record as of May 30, 2025. The Notice outlines six proposals submitted by the Board of Directors for shareholder approval.
Among the items on the agenda is a proposal to authorize a reverse share split of the Company’s Class A Ordinary Shares at a ratio within a range of 4-to-1 and 40-to-1 to be determined by the Board. This measure is intended to regain compliance with The Nasdaq Stock Market LLC (“Nasdaq”) minimum bid price requirement of $1.00 per share.
John-Paul Backwell, CEO of Fusion Fuel, commented: "Holding the AGM and obtaining shareholder approval of the proposed reverse share split will reaffirm to the market that Fusion Fuel is steadily progressing towards its goals of fully regaining compliance with Nasdaq listing requirements. With continued strong growth alongside promising strategic acquisition opportunities, we believe the Company is well on its way towards long-term sustainability and shareholder value."
Fusion Fuel remains committed to its strategy of sustainable growth and operational resilience and looks forward to engaging with shareholders at the upcoming AGM.
About Fusion Fuel Green PLC
Fusion Fuel Green PLC (NASDAQ: HTOO) is a growing energy company providing engineering, advisory, and fuel distribution solutions through its brands Al Shola Gas and BrightHy. The Company services clients across commercial, residential, and industrial sectors and is actively expanding into new verticals and geographies to support energy transition and infrastructure resilience.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. In some cases, you can identify these statements because they contain words such as “may,” “will,” “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,” “seeks,” “future,” “continue,” “plan,” “target,” “predict,” “potential,” or the negative of such terms, or other comparable terminology that concern the Company’s expectations, strategy, plans, or intentions. Forward-looking statements relating to expectations about future results or events are based upon information available to the Company as of today’s date and are not guarantees of the future performance of the Company, and actual results may vary materially from the results and expectations discussed. The Company’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the risks and uncertainties described under Item 3. “Key Information – D. Risk Factors” and elsewhere in the Company’s Annual Report on Form 20-F filed with the SEC on May 9, 2025 (the “Annual Report”), and other filings with the SEC. Should any of these risks or uncertainties materialize, or should the underlying assumptions about the Company’s business and the commercial markets in which the Company operates prove incorrect, actual results may vary materially from those described as anticipated, estimated or expected in the Annual Report. All subsequent written and oral forward-looking statements concerning the Company or other matters and attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof, except as required by law.
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