TIDMCPH2

RNS Number : 4928D

Clean Power Hydrogen

22 June 2023

22 June 2023

Clean Power Hydrogen plc

("CPH2", the "Company" or the "Group")

2023 Save As You Earn Scheme

CPH2, the UK-based green hydrogen technology and manufacturing company that has developed the IP-protected Membrane-Free Electrolyser ("MFE"), announces that on 30 May 2023 all employees of the Company were invited to participate in its HMRC compliant 'Save As You Earn' scheme (the "Scheme").

A total of 18 employees of the Company, including three of the Company's 'persons discharging managerial responsibility' ("PDMRs"), applied to participate in the Scheme, resulting in the grant of options to subscribe for an aggregate of 489,264 new Ordinary Shares in the Company (the "Options") on 21 June 2023.

The Options have an exercise price, calculated in accordance with the rules of the Scheme, of 22 pence per Option (representing a 20% discount to the closing mid-market price per Ordinary Share on 26 May 2023, being the previous business day prior to the invitation to participate in the Scheme being made). Subject to the rules of the Scheme participants will be able to exercise their Options within six-months commencing on 1 August 2026.

Pursuant to the Scheme, the following PDMRs applied to participate in the Scheme and have been granted Options in the amounts shown below.

 
                                          Options granted 
---------------------------------------  ---------------- 
 Jon Duffy, Chief Executive Officer                32,727 
 James Hobson, Chief Financial Officer             40,909 
 Arash Selahi, Chief Operating Officer             32,727 
 

Following these option grants, the Company has 22,355,821 shares under option. This represents, following the increase in options mentioned below, 8.34% of the issued share capital of the Company.

The notifications below provide further details in relation to the grant of Options to the PDMRs listed above.

For more information, please contact:

 
 Clean Power Hydrogen plc                  via Camarco 
 Jon Duffy, Chief Executive Officer 
 James Hobson, Chief Financial Officer 
 
 Cenkos Securities plc - NOMAD & Broker 
                                           +44 (0)131 220 
 Neil McDonald                              9771 
                                           +44 (0)131 220 
 Peter Lynch                                9772 
                                           +44 (0)131 220 
 Adam Rae                                   9778 
 
                                           + 44(0) 20 3757 
 Camarco PR                                 4980 
 Billy Clegg 
 Owen Roberts 
 Lily Pettifar 
 

To find out more, please visit: https://www.cph2.com

Overview of CPH2

CPH2 is the holding company of Clean Power Hydrogen Group Limited ("Clean Power") which has almost a decade of dedicated research and product development experience. This experience has resulted in the creation of simple, safe and sustainable technology which is designed to deliver a modular solution to the hydrogen production market in a cost-effective, scalable, reliable and long-lasting manner. The Group's strategic objective is to deliver the lowest LCOH in the market in relation to the production of green hydrogen. The Group's MFE technology is already commercially available and demonstrating cost efficiencies and technological advantages. CPH2 is listed on the AIM market and trades under the ticker LON:CPH2.

 
       Details of the person discharging managerial responsibilities 
  1     ("PDMR") / person closely associated ("PCA") 
 a)    Name                                          Jon Duffy 
      --------------------------------------------  ----------------------------------------------- 
       Reason for the notification 
  2 
      --------------------------------------------------------------------------------------------- 
 a)    Position/status                               PDMR - CEO of Clean Power Hydrogen 
                                                      plc 
      --------------------------------------------  ----------------------------------------------- 
 b)    Initial notification /Amendment               Initial notification 
      --------------------------------------------  ----------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------------------- 
 a)    Name                                          Clean Power Hydrogen plc 
      --------------------------------------------  ----------------------------------------------- 
 b)    LEI                                           9845009D2AB08E5BF491 
      --------------------------------------------  ----------------------------------------------- 
       Details of the transaction(s): section to be repeated for 
  4     (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions have 
        been conducted 
      --------------------------------------------------------------------------------------------- 
 a)    Description of the financial                  Grant of options to subscribe for 
        instrument, type of instrument                new ordinary shares under the Company's 
                                                      SAYE scheme 
 
       Identification code                           GB00BP371R64 
 
 b)    Nature of the transaction                     Grant of options 
      --------------------------------------------  ----------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                      Price                    Volume 
    GBP0.22                                                                    32,727 
 
 d)    Aggregated information 
 
  - Aggregated volume                           N/A 
 
  - Price 
 
 e)    Date of the transaction                       21 June 2023 
      --------------------------------------------  ----------------------------------------------- 
 f)    Place of the transaction                      Outside a trading venue 
      --------------------------------------------  ----------------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     ("PDMR") / person closely associated ("PCA") 
 a)    Name                                          James Hobson 
      --------------------------------------------  ----------------------------------------------- 
       Reason for the notification 
  2 
      --------------------------------------------------------------------------------------------- 
 a)    Position/status                               PDMR - CFO of Clean Power Hydrogen 
                                                      plc 
      --------------------------------------------  ----------------------------------------------- 
 b)    Initial notification /Amendment               Initial notification 
      --------------------------------------------  ----------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------------------- 
 a)    Name                                          Clean Power Hydrogen plc 
      --------------------------------------------  ----------------------------------------------- 
 b)    LEI                                           9845009D2AB08E5BF491 
      --------------------------------------------  ----------------------------------------------- 
       Details of the transaction(s): section to be repeated for 
  4     (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions have 
        been conducted 
      --------------------------------------------------------------------------------------------- 
 a)    Description of the financial                  Grant of options to subscribe for 
        instrument, type of instrument                new ordinary shares under the Company's 
                                                      SAYE scheme 
 
       Identification code                           GB00BP371R64 
 
 b)    Nature of the transaction                     Grant of options 
      --------------------------------------------  ----------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                      Price                    Volume 
    GBP0.22                                                                    40,909 
 
 d)    Aggregated information 
 
  - Aggregated volume                           N/A 
 
  - Price 
 
 e)    Date of the transaction                       21 June 2023 
      --------------------------------------------  ----------------------------------------------- 
 f)    Place of the transaction                      Outside a trading venue 
      --------------------------------------------  ----------------------------------------------- 
 
 
       Details of the person discharging managerial responsibilities 
  1     ("PDMR") / person closely associated ("PCA") 
 a)    Name                                          Arash Selahi 
      --------------------------------------------  ----------------------------------------------- 
       Reason for the notification 
  2 
      --------------------------------------------------------------------------------------------- 
 a)    Position/status                               PDMR - COO of Clean Power Hydrogen 
                                                      plc 
      --------------------------------------------  ----------------------------------------------- 
 b)    Initial notification /Amendment               Initial notification 
      --------------------------------------------  ----------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------------------- 
 a)    Name                                          Clean Power Hydrogen plc 
      --------------------------------------------  ----------------------------------------------- 
 b)    LEI                                           9845009D2AB08E5BF491 
      --------------------------------------------  ----------------------------------------------- 
       Details of the transaction(s): section to be repeated for 
  4     (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions have 
        been conducted 
      --------------------------------------------------------------------------------------------- 
 a)    Description of the financial                  Grant of options to subscribe for 
        instrument, type of instrument                new ordinary shares under the Company's 
                                                      SAYE scheme 
 
       Identification code                           GB00BP371R64 
 
 b)    Nature of the transaction                     Grant of options 
      --------------------------------------------  ----------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                      Price                    Volume 
    GBP0.22                                                                    32,727 
 
 d)    Aggregated information 
 
  - Aggregated volume                           N/A 
 
  - Price 
 
 e)    Date of the transaction                       21 June 2023 
      --------------------------------------------  ----------------------------------------------- 
 f)    Place of the transaction                      Outside a trading venue 
      --------------------------------------------  ----------------------------------------------- 
 

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June 22, 2023 02:00 ET (06:00 GMT)

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