Director dealings and Employee share scheme

RNS Number : 0021J

Proton Motor Power Systems PLC

17 December 2020

 

17 December 2020

Proton Motor Power Systems plc

("Proton" or the "Company")

Director dealings and Employee share scheme

Proton Motor Power Systems plc (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems with a zero-carbon footprint, announces that it has today issued 182,500 new ordinary shares of 1 penny each in Proton ("Ordinary Shares") at 58p per Ordinary Share, of which 7,500 Ordinary Shares have been issued pursuant to the employee share purchase scheme ("Scheme Shares") and 175,000 Ordinary Shares have been issued to directors and senior management.

Certain directors were awarded Ordinary Shares at 58p per Ordinary Share as follows:

Director	Ordinary Shares awarded at 58p	Resulting holding of Ordinary Shares	% of issued share capital
Helmut Gierse	50,000	4,006,183	0.55%
Roman Kotlarzewski	50,000	250,000	0.03%
Manfred Limbrunner	50,000	60,000	0.01%

In addition, as previously disclosed, Helmut Gierse, Roman Kotlarzewski and Manfred Limbrunner hold options over, respectively, 6,050,000, 500,000 and 6,345,000 Ordinary Shares.

An application has been made for the new 182,500 Ordinary Shares to be admitted to trading on AIM which is expected to take effect on or around 23 December 2020 ("Admission").

Following Admission the Company's issued share capital will comprise 731,823,107 ordinary shares of 1 Pence each in the Company ("Ordinary Shares"). The Company does not hold any Ordinary Shares in treasury. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For further information:

Proton Motor Power Systems plc
Dr Faiz Nahab, CEO Helmut Gierse, Chairman Sebastian Goldner, COO/CTO Roman Kotlarzewski, CFO Manfred Limbrunner, Director Sales and Marketing	Tel: [phone] www.protonpowersystems.com
Shore Capital Nominated adviser and broker
Antonio Bossi / David Coaten	Tel: [phone] www.shorecap.co.uk

About Proton Motor Fuel Cell GmbH

Proton Motor has more than 20 years of experience in Power Solutions using CleanTech technologies such as hydrogen fuel cells, fuel cell and hybrid systems with a zero carbon footprint.  Based in Puchheim near Munich, Proton Motor offers complete fuel cell and hybrid systems from a single source - from the development and production through the implementation of customized solutions.  The focus of Proton Motor is on back-to-base, for example, for mobile, marine and stationary solutions applications.  The product portfolio consists of base-fuel cell systems, standard complete systems, as well as customized systems.

Proton Motor serves IT, Telecoms, public infrastructure and healthcare customers in Germany, Europe and Middle East with power supply solutions for DC and AC power demand. In addition to power supply, SPower also offers solutions for Solar Systems as well as a new product line for Solar Energy Storage.

Proton Motor Fuel Cells GmbH is a wholly owned subsidiary of Proton Motor Power Systems plc. The Company has been quoted on the AIM market of the London Stock Exchange since October 2006 (code: PPS).

 

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