Proton Motor Power Systems PLC Conversion of loan interest (5992S)
10 Julio 2020 - 1:00AM
UK Regulatory
TIDMPPS
RNS Number : 5992S
Proton Motor Power Systems PLC
10 July 2020
10 July 2020
Proton Motor Power Systems plc
("Proton" or the "Company")
Conversion of Loans
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 SFN Cleantech
Investment Ltd (SFN) has requested the conversion of part of the
interest matured on loans provided into 20,000,000 ordinary shares
of 1 penny each in Proton ("Ordinary Shares"). The conversion price
is 2p per Ordinary Share and the interest converted therefore has a
value of GBP400,000.
Application has been made for the admission to AIM of the
20,000,000 Ordinary Shares resulting from the above loan
conversion. Admission to trading on AIM of the new Ordinary Shares
is expected to take effect on or around 15 July 2020
("Admission").
As a result of this loan conversion, SFN's interest in the share
capital of Proton will comprise 609,341,686 Ordinary Shares
representing 83.29 per cent. of the Company's issued share
capital.
Total Voting Rights
Following Admission, the Company's issued share capital will
comprise 731,617,072 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 Power Systems plc
Dr Faiz Nahab, CEO
Helmut Gierse, Chairman
Sebastian Goldner, COO/CTO
Roman Kotlarzewski, CFO Tel: +49 (0) 173 189
Manfred Limbrunner, Director Sales 0923
and Marketing
www.protonpowersystems.com
investor-relations@proton-motor.de
Shore Capital
Nominated adviser and broker
Antonio Bossi / David Coaten Tel: +44 (0) 20 7408
4050
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 wholly owned subsidiary of
Proton Power Systems plc. The Company has been quoted on the AIM
market of the London Stock Exchange since October 2006 (code:
PPS).
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
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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