Director/PDMR Shareholding

RNS Number : 8145D

Proton Motor Power Systems PLC

24 February 2020

 

24 February 2020

Proton Motor Power Systems plc

("Proton" or the "Company")

Holding in Company and Director dealing

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 19 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 812,908 ordinary shares in Proton ("Ordinary Shares") on the Frankfurt Stock Exchange at an average price of EUR 0.50 per Ordinary Share and 138,723 Ordinary Shares on the London Stock Exchange at an average price of GBP 0.41 per Ordinary Share.

On 20 February 2020, 252,142 Ordinary Shares were sold on the Frankfurt Stock Exchange at an average price of EUR 0.50 per Ordinary Share and 175,000 Ordinary Shares were sold on the London Stock Exchange at an average price of GBP 0.41 per Ordinary Share.

Following the above transactions SFN holds 589,596,716 Ordinary Shares representing 87.79 per cent of the Company's issued share capital.

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 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).

 

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