The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksProton Mtr Pwr Regulatory News (PPS)

Share Price Information for Proton Mtr Pwr (PPS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2.35
Bid: 2.30
Ask: 2.40
Change: -0.05 (-2.08%)
Spread: 0.10 (4.348%)
Open: 2.40
High: 2.40
Low: 2.35
Prev. Close: 2.40
PPS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Issue of Equity

28 Nov 2023 07:00

RNS Number : 8223U
Proton Motor Power Systems PLC
28 November 2023
 

28 November 2023

 

Proton Motor Power Systems plc

("Proton" or the "Company")

 

Issue of Equity, Director dealings and Key Person Stock award scheme

 

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 the issue of new ordinary shares of 0.5 pence each in the capital of the Company ("Ordinary Shares") pursuant to the Company's share schemes and in satisfaction of accrued loan interest. In total, 37,176,473 new Ordinary Shares have been issued at an issue price of 5.50 pence (the "Issue Price"), being the closing mid-market price of an Ordinary Share on 27 November 2023.

 

847,000 new Ordinary Shares have been issued pursuant to the Company's Key Person Stock Award and Employee share purchase schemes (the "Scheme Shares") at 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. 200,000 of the Scheme Shares have been issued to directors of the Company, as detailed in the table below.

 

 

 

Resulting holding

 

Director

Scheme Shares

Ordinary Shares held

As a percentage of the enlarged share capital

Options held

Sebastian Goldner

100,000

410,000

0.026%

389,250

Roman Kotlarzewski

100,000

550,000

0.035%

500,000

 

 

In addition, 36,329,473 new Ordinary Shares (the "Interest Shares") have today been issued to Mr. Falih Nahab pursuant to the loan facility with Mr. Falih Nahab, details of which were most recently announced by the Company on 20 June 2023 (the "Falih Nahab Facility"). The Interest Shares have been issued in lieu of cash in satisfaction of approximately £1,998,121 of interest accrued under the Falih Nahab Facility for the six months ended 30 June 2023. As announced on 20 June 2023, it was envisaged that the Interest shares would be issued once or twice yearly in February and/or July of each year, however the Company was not able to issue the Interest Shares in July 2023 due to being in a closed period at the time. As the Company is no longer in a closed period, the Company now considers it appropriate to issue the Interest Shares in accordance with the terms of the Falih Nahab Facility.

 

Application for admission to trading and total voting rights

 

Application has been made for a total of 37,176,473 new Ordinary Shares to be admitted to trading on AIM, which is expected to take effect on or around 1 December 2023 ("Admission").

 

Following Admission, the Company's issued share capital will comprise 1,591,097,645 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.

 

 

Holdings in Company

 

On Admission, Mr. Falih Nahab will hold 417,357,889 Ordinary Shares, representing 26.23% of the enlarged issued share capital. Falih Nahab is also a 28% shareholder in SFN Cleantech Investment Limited, which holds a further 895,700,056 Ordinary Shares, representing 56.29% of the enlarged issued share capital following Admission.

 

 

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

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 GBP 0.005

 

Identification code

ISIN: GB00BP83GZ24

b)

Nature of the transaction

Key Person Stock Award scheme

c)

Price(s) and volume(s)

Price(s)

Volume(s)

5.50

100,000

 

d)

Aggregated information:

- Aggregated volume

100,000

- Price

5.50

e)

Date of the transaction

27 November 2023

f)

Place of the transaction

Outside a trading venue

 

 

2. 

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)

5.50

100,000

 

d)

Aggregated information:

- Aggregated volume

100,000

- Price

5.50

e)

Date of the transaction

27 November 2023

f)

Place of the transaction

Outside a trading venue

 

For further information:

 

Proton Motor Power Systems Plc

 

Dr Faiz Nahab, CEO

Roman Kotlarzewski, CFO

+49 (0) 173 189 0923

 

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

 

Celicourt Communications

PR Adviser

+44 (0) 20 7770 6424

Mark Antelme / Philip Dennis

 

protonmotor@celicourt.uk

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 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
 
 
IOEFEAFAWEDSESF
Date   Source Headline
30th May 200810:47 amRNSTotal Voting Rights
28th May 20084:05 pmRNSDirector/PDMR Shareholding
27th May 20081:50 pmRNSResult of EGM
22nd May 20087:00 amRNSFurther re Placing
6th May 20088:16 amRNSFurther re. Proposed Placing
1st May 20088:32 amRNSProposed Placing/EGM Notice
21st Apr 20087:01 amRNSContract
11th Apr 20087:01 amRNSMemorandum of Understanding
10th Apr 20082:15 pmRNSPlacing
2nd Nov 20078:38 amRNSHolding(s) in Company
29th Oct 20072:01 pmRNSDirectorate Change
25th Sep 20077:02 amRNSTriple-hybrid Forklift Truck
19th Sep 20077:01 amRNSInterim Results
14th Sep 20078:37 amRNSAnnual Report and Accounts
13th Aug 20077:30 amRNSRule 26 Compliance
13th Aug 20077:00 amRNSChange of PR Consultant
25th Jul 200711:48 amRNSResult of AGM
25th Jul 20077:00 amRNSChange of Adviser
5th Jul 20077:00 amRNSNew premises for Proton
25th Jun 20077:01 amRNSFinal Results
18th Jun 20075:06 pmRNSHolding(s) in Company
13th Mar 20075:58 pmRNSChange of Registered Office
27th Feb 20077:01 amRNSNew Agreement for PPS
6th Feb 20077:00 amRNSPPS Develops Cleaning Vehicle
5th Feb 20077:00 amRNSPPS to build Skoda bus
30th Jan 20073:45 pmRNSDirector/PDMR Shareholding
26th Jan 20077:01 amRNSPPS develops fuel-cell ship
21st Dec 20062:11 pmRNSTotal Voting Rights
20th Dec 20068:00 amRNSRe Contract
14th Nov 200610:30 amRNSVenture Finance exit profit
3rd Nov 200611:07 amRNSAdditional Listing

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.