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Director dealings and employee share scheme grants

7 Mar 2022 07:00

RNS Number : 7663D
Proton Motor Power Systems PLC
07 March 2022
 

07 March 2022

 

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 today agreed to issue 190,000 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 14.50 pence per Ordinary Share (the "Issue Price"). 155,000 of the Scheme Shares have been issued to directors of the Company, as detailed in the table below. 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, 575,216 new Ordinary Shares have today 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 2022 and Antonio Bossi has been issued Fee Shares in respect of his director fees for the period from 5 August 2021 to 31 January 2021.

 

A further 50,000 new Ordinary Shares have been allotted at the Issue Price as payment for advisory services provided by an external consultant. In total, 815,216 new Ordinary Shares have been issued by the Company.

 

Resulting holding

Director

Scheme Shares

Fee Shares

Ordinary Shares held

As a percentage of the enlarged share capital

Options held

Helmut Gierse

-

402,802

8,448,502

0.55%

4,350,000

Antonio Bossi

-

172,414

172,414

0.01%

-

Sebastian Goldner

100,000

-

110,000

0.01%

389,250

Roman Kotlarzewski

50,000

-

350,000

0.02%

500,000

Manfred Limbrunner

5,000

-

135,000

0.01%

4,870,000

 

Antonio Bossi has indicated that immediately following the allotment to him of the 172,414 Fee Shares mentioned above, he will transfer the entire holding into his SIPP.

 

Application for admission to trading and total voting rights

 

Application has been made for 815,216 new Ordinary Shares to be admitted to trading on AIM, which is expected to take effect on or around 10 March 2022 ("Admission").

 

Following Admission, the Company's issued share capital will comprise 1,548,791,784 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 the Financial instrument, type of instrument

Ordinary shares of GBP0.005

 

Identification code

ISIN: GB00BP83GZ24

b)

Nature of the transaction

Fee shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

14.50

402,802

 

d)

Aggregated information:

- Aggregated volume

402,802

- Price

14.50

e)

Date of the transaction

4 March 2022

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 the Financial instrument, type of instrument

Ordinary shares of GBP0.005

 

Identification code

ISIN: GB00BP83GZ24

b)

Nature of the transaction

Fee shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

14.50

172,414

 

d)

Aggregated information:

- Aggregated volume

172,414

- Price

14.50

e)

Date of the transaction

4 March 2022

f)

Place of the transaction

Outside a trading venue

 

 

 

1. 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Sebastian Goldner

2. 

Reason for the Notification

a)

Position/status

Chief Technical and Operations Officer

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 Financial instrument, type of instrument

Ordinary shares of GBP0.005

 

Identification code

ISIN: GB00BP83GZ24

b)

Nature of the transaction

Key Person Stock Award scheme

c)

Price(s) and volume(s)

Price(s)

Volume(s)

14.50

100,000

 

d)

Aggregated information:

- Aggregated volume

100,000

- Price

14.50

e)

Date of the transaction

4 March 2022

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 Financial instrument, type of instrument

Ordinary shares of GBP0.005

 

Identification code

ISIN: GB00BP83GZ24

b)

Nature of the transaction

Key Person Stock Award scheme

c)

Price(s) and volume(s)

Price(s)

Volume(s)

14.50

50,000

 

d)

Aggregated information:

- Aggregated volume

50,000

- Price

14.50

e)

Date of the transaction

4 March 2022

f)

Place of the transaction

Outside a trading venue

 

 

1. 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Manfred Limbrunner

2. 

Reason for the Notification

a)

Position/status

Sales and Marketing 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 Financial instrument, type of instrument

Ordinary shares of GBP0.005

 

Identification code

ISIN: GB00BP83GZ24

b)

Nature of the transaction

Employee share purchase scheme

c)

Price(s) and volume(s)

Price(s)

Volume(s)

14.50

5,000

 

d)

Aggregated information:

- Aggregated volume

5,000

- Price

14.50

e)

Date of the transaction

4 March 2022

f)

Place of the transaction

Outside a trading venue

 

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).

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHEAPDLEEFAEFA
Date   Source Headline
28th Sep 20097:00 amRNSAgreement with L-3 Communications
24th Sep 20092:47 pmRNSDebenture Agreement
31st Jul 200910:49 amRNSLoan Agreement
29th Jul 20093:43 pmRNSDirectors' Dealings
24th Jul 20094:10 pmRNSGrant of Options
23rd Jul 200912:20 pmRNSResult of AGM
16th Jul 200911:28 amRNSDirector Shareholding
15th Jul 20097:00 amRNSDelivery of fuel cell street cleaning vehicle
30th Jun 20097:00 amRNSFinal Results
23rd Jun 200910:30 amRNSNotice of Final Results
27th May 20097:00 amRNSContract manufacturing with Deutsche Mechatronics
12th May 200911:28 amRNSHolding(s) in Company
11th May 20097:00 amRNSLaunch of triple-hybrid fuel cell city bus
29th Apr 20096:17 pmRNSDirector shareholding and Convertible Loan Agmt
24th Mar 20097:00 amRNSISO 9001 quality management certification
17th Feb 20091:46 pmRNSDirector/PDMR Shareholding
13th Feb 20093:45 pmRNSEquity Issue and Director Shareholding
29th Jan 20093:30 pmRNSDirectorate Change
16th Jan 20095:01 pmRNSDirector/PDMR Shareholding
13th Jan 20097:00 amRNSIssue of Equity and Total Voting Rights
23rd Dec 20083:10 pmRNSEquity Subscription
12th Dec 20089:20 amRNSDirectorate Change
11th Nov 20082:21 pmRNSResignation of Director
6th Nov 20083:17 pmRNSDirector/PDMR Shareholding
6th Nov 20081:56 pmRNSResults of General Meeting
24th Oct 200810:28 amRNSTotal Voting Rights
23rd Oct 20082:51 pmRNSHolding(s) in Company
23rd Oct 20089:31 amRNSHolding(s) in Company
13th Oct 20085:00 pmRNSPosting of Circular
10th Oct 20089:30 amRNSHolding(s) in Company
7th Oct 20087:00 amRNSZemship award win
6th Oct 20087:00 amRNSIssue of Equity
2nd Oct 20083:58 pmRNSGrant of Options
25th Sep 20087:01 amRNSSubscription of 20,000,000 new Ordinary Shares
25th Sep 20087:00 amRNSInterim Results
16th Sep 20087:00 amRNSapproval by leading global service organisation
1st Sep 20087:00 amRNSAppointment of Non-Executive
29th Aug 20087:00 amRNSWorld's first fuel cell-drive
31st Jul 200810:30 amRNSAppointment of adviser
30th Jul 20087:00 amRNSAppointment of Chief Executiv
23rd Jul 200810:32 amRNSResult of AGM & Directorate C
10th Jul 20087:00 amRNSDirectorate Change
9th Jul 20083:55 pmRNSRe: Nominated Adviser and Bro
30th Jun 20089:00 amRNSAnnual Report and Accounts
27th Jun 20082:30 pmRNSFinal Results
20th Jun 200810:09 amRNSHolding(s) in Company
17th Jun 20087:00 amRNSProton wins the Bavarian Inno
16th Jun 20084:04 pmRNSHolding(s) in Company
4th Jun 20088:48 amRNSHolding(s) in Company
2nd Jun 200810:26 amRNSHolding(s) in Company

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