Replacement - Director/PDMR Shareholding

RNS Number : 2916F
Proton Power Systems PLC
18 February 2015
 

18 February 2015

 

Proton Power Systems plc

 

("Proton Power" or the "Company")

Replacement - Grant of options

This announcement replaces the announcement issued earlier this afternoon (RNS Number: 2629F) and clarifies the options' vesting condition and grant date. The correct amended text is set out in full below:

Proton Power (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems, announces that on 18 February 2015 it granted options over ordinary shares in the capital of the Company, at an exercise price of 4 pence per share, to the following directors of the Company:


Director

Thomas Melczer - Business Development Director Ian Peden - Chairman
Achim Loecher - Finance Director
Helmut Gierse - Non-executive director


No. of options

450,000 250,000 450,000 250,000

Resultant
option holding

13,050,000
250,000
9,400,000
5,800,000


The options vest immediately, and
 lapse after 10 years, from the grant date and are only exercisable in the event an offer or a change of control is accepted by the Company in accordance with the option scheme rules (paragraphs 22.1 and 22.1.1.).

Save for the above, the directors' beneficial interests remain unchanged and as previously announced.

 

For further information:

Proton Power Systems plc


Dr Faiz Nahab, CEO


Achim Loecher, FD

Tel: +49 (0) 89 127 626 550


www.protonpowersystems.com

 

Westhouse Securities Limited

Nominated adviser and broker

 

Tel: +44 (0) 20 7601 6100

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 to the implementation of customized solutions.  The focus of Proton Motor is on back-to-base mobile, marine and stationary solutions applications.  The product portfolio consists of base-fuel cell systems, standard complete systems, as well as customised systems.

Proton Motor acquired SPower GmbH in 2013. Established in 2007, SPower serves IT, telecoms, public infrastructure and healthcare customers in Germany, Europe and the 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 Power Systems plc.  The Company has been listed on the London Stock Exchange since October 2006 (code: PPS).

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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