Proton Power Systems PLC Transfer of majority shareholding (4650V)
08 Abril 2019 - 6:09AM
UK Regulatory
TIDMPPS
RNS Number : 4650V
Proton Power Systems PLC
08 April 2019
8 April 2019
Proton Power Systems plc
("Proton" or the "Company")
Transfer of majority shareholding
Proton Power Systems plc (AIM: PPS), the designer, developer and
producer of fuel cells and fuel cell electric hybrid systems,
announces that it has been informed that Roundstone Properties Ltd,
a company controlled by the Nahab family, has transferred all its
596,279,682 Proton shares to SFN Cleantech Investment Ltd, a
company also controlled by the Nahab family. Additionally
Roundstone Properties Ltd has transferred to SFN Cleantech
Investment Ltd loans receivable from Proton with a face value of
GBP16,567,505 and accrued interest thereon of GBP7,915,673, which
is partially convertible as per the terms announced on 16 May 2017.
Currently there are restrictions in place which prevent conversion
of the aforementioned interest into shares.
For further information:
Proton Power Systems plc
Dr Faiz Nahab, CEO
Helmut Gierse, Chairman
Sebastian Goldner, CTO/COO
Roman Kotlarzewski, CFO Tel: +49 (0) 173 189
Manfred Limbrunner, Director Sales 0923
and Marketing
www.protonpowersystems.com
Stockdale Securities Limited
Nominated adviser and broker Tel: +44 (0) 20 7601
6100
Antonio Bossi / David Coaten www.stockdalesecurities.com
About Proton Motor Fuel Cell GmbH
Proton Motor is an expert in Power Solutions using CleanTech
technologies like industrial fuel cells, fuel cell and hybrid
systems with more than 20 years of experience in this sector. 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 wholly owned subsidiary of
Proton Power Systems plc. The Company has been listed on the London
Stock Exchange since October 2006 (code: PPS).
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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