TIDMPPS
RNS Number : 4998C
Proton Motor Power Systems PLC
10 February 2020
10 February 2020
Proton Motor Power Systems plc
("Proton" or the "Company")
Holding in 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 been
informed that, on 5 February 2020, SFN Cleantech Investment Ltd
("SFN"), a company in which Dr Faiz Nahab, CEO of the Company, has
a 2% interest in the issued share capital, sold 150,000 ordinary
shares in Proton ("Ordinary Shares") on the Frankfurt Stock
Exchange at an average price of EUR 0.45 per Ordinary Share and
25,000 Ordinary Shares on the London Stock Exchange at an average
price of GBP 0.38 per Ordinary Share.
In addition, on 6 February 2020, 55,000 Ordinary Shares were
sold by SFN on the Frankfurt Stock Exchange at an average price of
EUR 0.45 per Ordinary Share and 50,000 Ordinary Shares were sold on
the London Stock Exchange at an average price of GBP 0.38 per
Ordinary Share.
Following the above transactions SFN holds 591,613,160 Ordinary
Shares representing 88.24 per cent. of the Company's issued share
capital.
Furthermore, Proton has today issued 36,000 new Ordinary Shares
under the terms of the employee share purchase scheme ("Scheme
Shares"), at 27.2 pence per share ("Issue Price"). Eligible
employees and Directors were invited to subscribe for Scheme Shares
at the Issue Price, of which a number elected to participate.
Manfred Limbrunner, a Director of the Company, subscribed for
5,000 Scheme Shares at the Issue Price. Following this
subscription, Mr. Limbrunner is interested in 10,000 Ordinary
Shares, representing approximately 0.0015 per cent. of the
Company's issued share capital and options over 6,345,000 Ordinary
Shares.
Proton has also today issued 200,000 new Ordinary Shares as a
one-off stock award to Roman Kotlarzewski, a director of the
Company, at 38 pence per Ordinary Share and 99,784 new Ordinary
Shares in lieu of fees to Helmut Gierse, Chairman of the Company,
at 25.47 pence per Ordinary Share.
Following this issue, Mr. Kotlarzewski is interested in 200,000
Ordinary Shares, representing approximately 0.0298 per cent. of the
Company's issued share capital and options over 500,000 Ordinary
Shares and Mr. Gierse is interested in 3,956,183 Ordinary Shares,
representing approximately 0.5898 per cent. of the Company's issued
share capital and options over 6,050,000 Ordinary Shares.
An application has been made for 335,784 new Ordinary Shares to
be admitted to trading on AIM which is expected to take effect
around 14 February 2020 ("Admission").
Following Admission the Company's issued share capital will
comprise 670,794,072 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 Motor 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
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 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).
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
MSCMZGMZMGKGGZM
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February 10, 2020 06:35 ET (11:35 GMT)
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