Fusion Fuel Announces AGM Results: All Shareholder Proposals Approved

Rhea-AI Summary

Fusion Fuel Green (NASDAQ:HTOO) announced that shareholders approved all proposals at their Annual General Meeting on June 25, 2025. The approval satisfies Nasdaq's requirement following a delisting notice and enables a planned share consolidation to meet the exchange's $1.00 minimum bid price requirement.

CEO John-Paul Backwell emphasized that this approval allows management to focus on growth initiatives, particularly the development of Al Shola Gas and BrightHy Solutions, while pursuing potential acquisitions. The company will provide details about the share consolidation timeline in the near future.

Positive

• Shareholder approval enables share consolidation to address Nasdaq compliance
• Company can now focus on growth initiatives and acquisitions
• Strong performance reported in Al Shola Gas division

Negative

• Company received delisting notice from Nasdaq
• Stock trading below $1.00 minimum bid requirement
• Share consolidation will reduce total shares outstanding

DUBLIN, June 25, 2025 (GLOBE NEWSWIRE) -- via IBN – Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of energy engineering, advisory, and utility solutions, today announced that all shareholder proposals were approved at the general meeting of shareholders held on June 25, 2025 (the “Annual General Meeting” or the “AGM”).

This fulfills the Nasdaq requirement, as part of the Company’s delisting notice, to hold an Annual General Meeting. In addition, shareholder approval of the first proposal paves the way for a planned share consolidation (“Share Consolidation”) of the Company’s Class A Ordinary Shares (with a nominal value of $0.0001 per share) (the “Class A Ordinary Shares”) intended to raise the share price of the Class A Ordinary Shares above Nasdaq’s $1.00 minimum bid price requirement and position the Company to resolve this outstanding item. The Company plans to share details on the Share Consolidation and its timeline in the near future.

John-Paul Backwell, CEO of Fusion Fuel, commented: “The AGM and the approval of all items mark another important step toward closing legacy issues and enabling management and the board of directors of the Company to focus on growth and delivering on the growth targets for the year. In particular, we look forward to continuing the strong trajectory of Al Shola Gas, advancing BrightHy Solutions, and executing on promising acquisition opportunities.”

About Fusion Fuel Green PLC

Fusion Fuel Green PLC (NASDAQ: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy supply, distribution, and engineering and advisory solutions through its Al Shola Gas and BrightHy brands. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy, the Company’s newly launched hydrogen solutions platform, delivers innovative engineering and advisory services enabling decarbonization across hard-to-abate industries.

Forward-Looking Statements

This press release includes “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Fusion Fuel has based these forward-looking statements largely on its current expectations, which are based on assumptions as to future events that may not prove to be accurate, and are subject to inherent uncertainties, risks, and assumptions that are difficult to predict. Such forward-looking statements are subject to risks and uncertainties, including without limitation, those set forth in Fusion Fuel’s Annual Report on Form 20-F for the year ended December 31, 2024, filed with the Securities and Exchange Commission on May 9, 2025, which could cause actual results to differ from the forward-looking statements.

Investor Relations Contact
ir@fusion-fuel.eu
www.fusion-fuel.eu

Wire Service Contact:
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com

FAQ

What did Fusion Fuel (HTOO) shareholders approve at the June 2025 AGM?

Shareholders approved all proposals, including authorization for a share consolidation to address Nasdaq's $1.00 minimum bid price requirement.

Why is Fusion Fuel (HTOO) planning a share consolidation?

The company is planning the share consolidation to raise its share price above Nasdaq's $1.00 minimum bid requirement and address a delisting notice.

What are Fusion Fuel's (HTOO) growth initiatives after the AGM approval?

The company plans to focus on advancing Al Shola Gas, developing BrightHy Solutions, and pursuing promising acquisition opportunities.

When will Fusion Fuel (HTOO) implement its share consolidation?

The company plans to announce details about the share consolidation and its implementation timeline in the near future.