TIDMPPS
RNS Number : 3754P
Proton Motor Power Systems PLC
09 February 2023
09 February 2023
Proton Motor Power Systems plc
("Proton" or the "Company")
Director dealings and employee share scheme grants
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 on 8
February 2023 agreed to issue 75,000 new ordinary shares of 0.5
pence each in the capital of the Company ("Ordinary Shares") under
the terms of the Company's Key Person Stock Award scheme and
employee share purchase scheme (the "Scheme Shares"), at an issue
price of 13.38 pence per Ordinary Share (the "Issue Price").
Eligible employees and Directors were invited to subscribe for
Scheme Shares at the Issue Price pursuant to the Company's share
schemes, of which a number elected to participate.
Additionally, 559,818 new Ordinary Shares have been issued, also
at the Issue Price, to certain Non-Executive directors of the
Company as payment in lieu of fees ("Fee Shares"), as detailed in
the table below. In accordance with the terms of their employment
contracts, Helmut Gierse has been issued Fee Shares in lieu of his
director fees for the 12 month period ending 31 January 2023 and
Antonio Bossi has been issued Fee Shares in respect of his director
fees for the 3 month period ending 31 January 2023.
In total, 634,818 new Ordinary Shares have been issued by the
Company.
Resulting holding
-----------------------------
Ordinary As a percentage
Scheme Shares of the enlarged Options
Director Shares Fee Shares held share capital held
Helmut Gierse - 466,395 8,914,897 0.57% 1,350,000
Antonio Bossi - 93,423 591,427 0.04% -
The Company has also been informed that, on 8 February 2023,
Roman Kotlarzewski, Chief Financial Officer of the Company, has
sold 150,000 Ordinary Shares at an average price of 12.83p per
Ordinary Share in order to fund income tax and other liabilities
resulting from the receipt of Ordinary Shares as announced by the
Company on 8 July 2022.
Following the sale, Roman Kotlarzewski's beneficial interest in
the share capital of the Company is 450,000 Ordinary Shares,
equivalent to approximately 0.03% of the Company's enlarged issued
share capital.
Application for admission to trading and total voting rights
Application has been made for 634,818 new Ordinary Shares to be
admitted to trading on AIM, which is expected to take effect on or
around 16 February 2023 ("Admission").
Following Admission, the Company's issued share capital will
comprise 1,553,921,172 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.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Helmut Gierse
-------------------------------- ----------------------------------
2. Reason for the Notification
--------------------------------------------------------------------
a) Position/status Non-Executive Director - Chairman
-------------------------------- ----------------------------------
b) Initial notification/Amendment Initial Notification
-------------------------------- ----------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Proton Motor Power Systems Plc
-------------------------------- ----------------------------------
b) LEI 213800TRXTSRGG8J2P59
-------------------------------- ----------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------
a) Description of Ordinary shares of GBP0.005
the Financial
instrument, type
of instrument
-------------------------------- ----------------------------------
Identification ISIN: GB00BP83GZ24
code
-------------------------------- ----------------------------------
b) Nature of the Fee shares
transaction
-------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
13.38 466,395
----------
-------------------------------- ----------------------------------
d) Aggregated information:
-------------------------------- ----------------------------------
* Aggregated volume 466,39 5
------------------------------------- ----------------------------------
* Price 13.38
------------------------------------- ----------------------------------
e) Date of the transaction 8 February 2023
-------------------------------- ----------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ----------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Antonio Bossi
---------------------------------- --------------------------------
2. Reason for the Notification
--------------------------------------------------------------------
a) Position/status Non-Executive Director
---------------------------------- --------------------------------
b) Initial notification/Amendment Initial Notification
---------------------------------- --------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Proton Motor Power Systems Plc
---------------------------------- --------------------------------
b) LEI 213800TRXTSRGG8J2P59
---------------------------------- --------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------
a) Description of Ordinary shares of GBP0.005
the Financial
instrument, type
of instrument
---------------------------------- --------------------------------
Identification ISIN: GB00BP83GZ24
code
---------------------------------- --------------------------------
b) Nature of the Fee shares
transaction
---------------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
13.38 93,423
----------
---------------------------------- --------------------------------
d) Aggregated information:
---------------------------------- --------------------------------
* Aggregated volume 93,423
--------------------------------------- --------------------------------
* Price 13.38
--------------------------------------- --------------------------------
e) Date of the transaction 8 February 2023
---------------------------------- --------------------------------
f) Place of the transaction Outside a trading venue
---------------------------------- --------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Roman Kotlarzewski
---------------------------------- --------------------------------
2. Reason for the Notification
--------------------------------------------------------------------
a) Position/status Group Finance Director
---------------------------------- --------------------------------
b) Initial notification/Amendment Initial Notification
---------------------------------- --------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Proton Motor Power Systems Plc
---------------------------------- --------------------------------
b) LEI 213800TRXTSRGG8J2P59
---------------------------------- --------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------
a) Description of the Ordinary shares of GBP0.005
Financial instrument,
type of instrument
---------------------------------- --------------------------------
Identification code ISIN: GB00BP83GZ24
---------------------------------- --------------------------------
b) Nature of the transaction Sale of Ordinary Shares
---------------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
12.83p 150,000
----------
---------------------------------- --------------------------------
d) Aggregated information:
---------------------------------- --------------------------------
- Aggregated volume 150,000
--------------------------------------- --------------------------------
- Price 12.83p
--------------------------------------- --------------------------------
e) Date of the transaction 8 February 2023
---------------------------------- --------------------------------
f) Place of the transaction London Stock Exchange
---------------------------------- --------------------------------
For further information:
Proton Motor Power Systems Plc
Dr Faiz Nahab, CEO
Helmut Gierse, Chairman
Roman Kotlarzewski, CFO +49 (0) 173 189 0923
Antonio Bossi, Non-Executive Director
Investor relations : www.protonpowersystems.com
investor-relations@proton-motor.de
Allenby Capital Limited
Nominated Adviser & Broker +44 (0) 20 3328 5656
James Reeve / Vivek Bhardwaj
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 Cell 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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END
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