Issue of Equity and Directors' Dealing

RNS Number : 7207X

Proton Motor Power Systems PLC

23 December 2019

 

23 December 2019

Proton Motor Power Systems plc

("Proton" or the "Company")

Employee Share Scheme

Director Dealing

and

Issue of Equity

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 today issued 40,000 new ordinary shares of 1 penny each in Proton ("Ordinary Shares") under the terms of the newly introduced employee share purchase scheme ("Scheme Shares"), at 21 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 purchase, Mr. Limbrunner is interested in 5,000 Ordinary Shares, representing approximately 0.000007 per cent. of the Company's issued share capital.

As a result, admission to trading on AIM of the 40,000 Scheme Shares is expected to take effect on 31 December 2019 ("Admission").

In addition, the Company announces that it has today granted 300,000 options over Ordinary Shares ("Options"), exercisable at a price of 8 pence per share, to Roman Kotlarzewski, a Director of the Company. The Options vest in two years and have an exercise period of 8 years.

Total Voting Rights

Immediately following Admission, the Company's issued share capital will comprise 669,008,288 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 Manfred Limbrunner, Director Sales and Marketing	Tel: [phone] www.protonpowersystems.com
Shore Capital Nominated adviser and broker
Antonio Bossi / David Coaten	Tel: [phone] 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 Motor Power Systems plc. The Company has been quoted on the AIM market of the London Stock Exchange since October 2006 (code: PPS).

 

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