PPS Proton Motor Power Systems Plc

7 February 2025

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

Result of General Meeting

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 at the general meeting of the Company, held earlier today, all resolutions put to the Company's shareholders were duly passed. As a result, the Company's ordinary shares will be cancelled from trading on AIM at 07.00 a.m. on 17 February 2025. The proxy voting results are as follows:

Shareholders are reminded that the last day of dealings in the Company's Ordinary Shares on AIM will be 14 February 2025.

In accordance with the passing of the Resolutions, and subject to the Cancellation becoming effective, the Company will re-register as a private company limited by shares with the name Proton Motor Power Systems Limited and adopt the new articles of association with effect from such re-registration.

Following Cancellation, it is anticipated that the majority of the Directors will step down and that there will only be one Director on the Board.

Dealing and settlement arrangements post the Cancellation

Following Cancellation becoming effective, there will be no market facility for dealing in the Ordinary Shares and no price will be publicly quoted for Ordinary Shares as from close of business on 14 February 2025. As such, interests in Ordinary Shares are unlikely thereafter to be readily capable of sale and where a buyer is identified, it may be difficult to place a fair value on any such sale. While there can be no guarantee that Shareholders will be able to sell any Ordinary Shares, any Shareholder seeking to do so following the Cancellation should contact the Company in writing by post to the registered office of the Company, addressed to: Proton Motor Power Systems plc, C/O Womble Bond Dickinson (UK) LLP, 4 More London Riverside, London, England SE1 2AU or by email to: company.secretary@protonmotor-powersystems.com or alternatively to r.kotlarzewski@proton-motor.de. The Company will then be able to advise as to whether the Directors are aware of any prospective buyers for any Ordinary Shares which the holder thereof wishes to sell at that time.

Further details of the Cancellation, including the full text of the Resolutions, can be found in the Circular which was published and sent to shareholders on 20 January 2025 and is available on the Company's website at  www.proton-motor.com.

Capitalised terms used in this announcement shall have the meanings given to such terms in the announcement issued by the Company dated 20 January 2025 unless otherwise defined herein.

For further information:

 About Proton Motor

Proton Motor has 25 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 develops and produces standard Products as well as customised solutions.  The focus of Proton Motor is on stationary solutions, as well as heavy-duty, marine and rail applications.  The product portfolio consists of base-fuel cell systems, standard complete, as well as customised systems.

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).