19 Dec 2014 07:00
19 December 2014:
Intelligent Energy Holdings plc
("Intelligent Energy" or the "Company")
ADR PROGRAMME
Intelligent Energy Holdings plc, the energy technology group which develops efficient and clean hydrogen fuel cell power systems for the global automotive, consumer electronics, distributed power and generation markets, is pleased to announce that it will be establishing a Sponsored, Level 1 American Depositary Receipts (ADRs) Programme, to assist US investors seeking to invest in Intelligent Energy's equity securities via a US exchange in US dollars.
The proposed ADR programme is intended to enhance Intelligent Energy's market exposure and visibility in the United States and to increase liquidity by expanding and diversifying its US shareholder base. It will allow investors to hold their shares and settle their trades through the US settlement systems, in common with any other US stock. Intelligent Energy's ordinary shares will continue to trade in pounds sterling on the London Stock Exchange's Main Market.
A further announcement will be made in due course.
Enquiries:
Intelligent Energy Holdings plc | +44 (0)1509 271271 |
Dr. Henri Winand | Chief Executive Officer |
John Maguire | Chief Financial Officer |
Dr. Mark Lawson-Statham | Director of Corporate Finance |
Canaccord Genuity | +44 (0)20 7523 8000 |
Simon Bridges | |
Richard Royden |
Powerscourt | +44 (0)20 7250 1446 |
Giles Sanderson | |
Matthew Fletcher | |
Rob Greening |
About Intelligent Energy
Intelligent Energy Holdings plc is an energy technology group which develops efficient and clean hydrogen fuel cell power systems for the global automotive, consumer electronics, distributed power and generation markets - from powering zero-emission vehicles to compact energy packs for mobile devices and stationary power units for the always-on infrastructure.
Working with international companies, Intelligent Energy aims to embed its technology in mass market applications to solve the challenges of continuous power and productivity, by creating everyday energy solutions to power people's lives. The Group's intellectual property and expertise is based around proprietary fuel cell technologies, which are the product of over 25 years of research and development. Its patent portfolio includes more than 400 patents granted (and over 600 patents pending) across more than 300 patent families. The Group also maintains a significant body of confidential know-how and trade secrets.
With its principal facility and headquarters in Loughborough, UK, the Company also has operations in India, Japan and Singapore, a commercial office in Silicon Valley, USA, and research facilities in Florida, USA. Intelligent Energy Holdings plc is listed on the London Stock Exchange (LSE: IEH).
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