Issue of Equity and Director Shareholding

RNS Number : 3961Z

Proton Power Systems PLC

05 February 2014

 



Proton Power Systems plc

("Proton Power" or the "Company")

Issue of equity and director 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 issued 330,682 ordinary shares of 1 pence each in the Company (the "New Ordinary Shares") to Helmut Gierse, a Non-Executive Director of the Company, in lieu of fees.

An application has been made for the New Ordinary Shares to be admitted to trading on AIM which is expected to take effect on or around 12 February 2014 ("Admission").

Following Admission the Company's issued share capital will comprise 640,249,415 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 Service Authority's Disclosure and Transparency Rules.

As a result of this transaction Helmut Gierse holds 1,110,639 Ordinary Shares representing 0.17 per cent. of the Company's issued share capital and options over 5,250,000 Ordinary Shares.

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For further information:

Proton Power Systems plc
John Wall, Chairman	Tel: [phone]
Achim Loecher, FD	Tel: [phone]
	www.protonpowersystems.com

Westhouse Securities Limited Nominated adviser and broker	Tel: [phone]
Antonio Bossi	www.westhousesecurities.com

About Proton Motor Fuel Cell GmbH

Proton Motor is an expert in industrial fuel cells, fuel cell and hybrid systems with more than 17 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 acquired SPower GmbH in 2013. Established in 2007, SPower 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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