Shares in Clean Power Hydrogen PLC (AIM:CPH2) fell 13% following the termination of a licence agreement with GHFG Limited, due to what the company believes is a breach of contract by its erstwhile partner.
The UK-based green hydrogen technology and manufacturing firm had signed an agreement with GHFG, a joint venture between international renewable independent power producer, Alternus Energy Group and Eric Whelan, CEO of Irish developer Soleirtricity.
Clean Power Hydrogen said intends to claim damages from GHFG and retain all payments received under the agreement.
The shares fell 3.1p to 21.4p.