Clean Power Hydrogen Save As You Earn Scheme (2332P)
08 February 2023 - 6:00PM
UK Regulatory
TIDMCPH2
RNS Number : 2332P
Clean Power Hydrogen
08 February 2023
8 February 2023
Clean Power Hydrogen Plc
("CPH2", the "Company" or the "Group")
Save As You Earn Scheme
CPH2, the UK-based green hydrogen technology and manufacturing
company that has developed the IP-protected Membrane-Free
Electrolyser ("MFE"), announces that, on 3 November 2022, it
implemented an HMRC compliant 'Save As You Earn' scheme which was
made available to all employees of the Company (the "Scheme").
A total of 32 employees of the Company, including two of the
Company's 'persons discharging managerial responsibility'
("PDMRs"), applied to participate in the Scheme, resulting in the
grant of options to subscribe for an aggregate of 590,030 new
Ordinary Shares in the Company (the "Options") on 3 November
2022.
The Options have an exercise price, calculated in accordance
with the rules of the Scheme, of 31.94 pence per Option
(representing a 20% discount to the average closing mid-market
price per Ordinary Share on 3, 4 and 5 October 2022, being the
three days prior to the invitation to participate in the Scheme
being made). Subject to the rules of the Scheme, participants will
be able to exercise their Options within six-months commencing on
17 November 2025.
Pursuant to the Scheme, the following PDMRs applied to
participate in the Scheme and have been granted Options in the
amounts shown below.
Options granted
==================================== ================
Jon Duffy, Chief Executive Officer 28,177
----------------
Arash Selahi, Chief Operating
Officer 22,542
----------------
The notifications below provide further details in relation to
the grant of Options to the PDMRs listed above.
For more information, please contact:
Clean Power Hydrogen Plc via Camarco
Jon Duffy, Chief Executive Officer
James Hobson, Chief Financial Officer
Cenkos Securities plc - NOMAD & Broker
+44 (0)131 220
Neil McDonald 9771
+44 (0)131 220
Peter Lynch 9772
+44 (0)131 220
Adam Rae 9778
+ 44(0) 20 3757
Camarco PR 4980
Billy Clegg
Owen Roberts
Lily Pettifar
To find out more, please visit: https://www.cph2.com
Overview of CPH2
CPH2 is the holding company of Clean Power Hydrogen Group
Limited ("Clean Power") which has almost a decade of dedicated
research and product development experience. This experience has
resulted in the creation of simple, safe and sustainable technology
which is designed to deliver a modular solution to the hydrogen
production market in a cost-effective, scalable, reliable and
long-lasting manner. The Group's strategic objective is to deliver
the lowest LCOH in the market in relation to the production of
green hydrogen. The Group's MFE technology is already commercially
available and demonstrating cost efficiencies and technological
advantages. CPH2 is listed on the AIM market and trades under the
ticker LON:CPH2.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Jon Duffy
---- --------------------------------- -----------------------------------------------------
Reason for the notification
2
a) Position/status PDMR (Chief Executive Officer)
b) Initial notification Initial notification
/Amendment
---- --------------------------------- -----------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
a) Name Clean Power Hydrogen plc
b) LEI 9845009D2AB08E5BF491
---- --------------------------------- -----------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
a) Description Ordinary shares of 1p each
of the financial
instrument,
type of instrument
Identification GB00BP371R64
code
b) Nature of the Grant of options to subscribe for new ordinary
transaction shares under the Company's SAYE scheme
c) Price(s) and
volume(s)
Price(s) Volume(s)
31.94 pence 28,177
d) Aggregated information n/a - single transaction
-Aggregated
volume
-Price
e) Date of the 3 November 2022
transaction
f) Place of the Outside a trading venue
transaction
---- --------------------------------- -----------------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Arash Selahi
---- --------------------------------- -----------------------------------------------------
Reason for the notification
2
a) Position/status PDMR (Chief Operating Officer)
b) Initial notification Initial notification
/Amendment
---- --------------------------------- -----------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
a) Name Clean Power Hydrogen plc
b) LEI 9845009D2AB08E5BF491
---- --------------------------------- -----------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
a) Description Ordinary shares of 1p each
of the financial
instrument,
type of instrument
Identification GB00BP371R64
code
b) Nature of the Grant of options to subscribe for new ordinary
transaction shares under the Company's SAYE scheme
c) Price(s) and
volume(s)
Price(s) Volume(s)
31.94 pence 22,542
d) Aggregated information n/a - single transaction
-Aggregated
volume
-Price
e) Date of the 3 November 2022
transaction
f) Place of the Outside a trading venue
transaction
---- --------------------------------- -----------------------------------------------------
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