Clean Power Hydrogen Grant of EMI Options (0530D)
June 19 2023 - 1:00AM
UK Regulatory
TIDMCPH2
RNS Number : 0530D
Clean Power Hydrogen
19 June 2023
19 June 2023
Clean Power Hydrogen plc
("CPH2", the "Company" or the "Group)
Grant of EMI Options
Clean Power Hydrogen plc (AIM: CPH2), the UK-based green
hydrogen technology and manufacturing group that has developed the
IP-protected Membrane-Free Electrolyser, announces the grant of
options over Ordinary shares to Chief Financial Officer, James
Hobson, Chief Technical Officer, Paul Cassidy and Chief Operating
Officer, Arash Selahi under the Company's EMI option scheme, as set
out below.
Exercise Reference date Shares under Current shareholding
price of Exercise price EMI option in Company
(GBP) scheme newly
granted
James Hobson 0.4025 19 July 2022 100,000 Nil
--------- ------------------ -------------- ---------------------
Paul Cassidy 0.3100 19 December 2022 100,000 Nil
--------- ------------------ -------------- ---------------------
Arash Selahi 0.3025 1 December 2022 100,000 Nil
--------- ------------------ -------------- ---------------------
Total 300,000
--------- ------------------ -------------- ---------------------
These options vest after 1 year of service and have an exercise
price equal to the market value at the respective date when
contracts were signed by James Hobson and Paul Cassidy, and
effective date of promotion in the case of Arash Selahi.
Following these option grants, the Company has 21,666,557 shares
under option. This represents, following the increase in options
mentioned below, 8.08% of the issued share capital of the
Company.
The information in this announcement is disclosed in accordance
with Article 19 of the EU Market Abuse Regulation.
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) 203 757
Camarco PR 4980
Billy Clegg
Owen Roberts
Lily Pettifar
Notes to Editors
CPH2 is the holding company of Clean Power Hydrogen Group
Limited ("CleanPower") 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 ("PDMR") / person closely associated ("PCA")
a) Name James Hobson
----------------------------------------- -----------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------------------
a) Position/status PDMR - CFO of Clean Power Hydrogen
plc
----------------------------------------- -----------------------------------------------
b) Initial notification /Amendment Initial notification
----------------------------------------- -----------------------------------------------
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 of the financial Grant of options to subscribe for
instrument, type of instrument new ordinary shares under the Company's
EMI Scheme
Identification code GB00BP371R64
b) Nature of the transaction Grant of options
----------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
Price Volume
GBP0.4025 100,000
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 16 June 2023
----------------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
----------------------------------------- -----------------------------------------------
Details of the person discharging managerial responsibilities
1 ("PDMR") / person closely associated ("PCA")
a) Name Paul Cassidy
------------------------------------------- -----------------------------------------------
Reason for the notification
2
--------------------------------------------------------------------------------------------
a) Position/status PDMR - CTO of Clean Power Hydrogen
plc
------------------------------------------- -----------------------------------------------
b) Initial notification /Amendment Initial notification
------------------------------------------- -----------------------------------------------
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 of the financial Grant of options to subscribe for
instrument, type of instrument new ordinary shares under the Company's
EMI Scheme
Identification code GB00BP371R64
b) Nature of the transaction Grant of options
------------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
Price Volume
GBP0.31 100,000
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 16 June 2023
------------------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------- -----------------------------------------------
Details of the person discharging managerial responsibilities
1 ("PDMR") / person closely associated ("PCA")
a) Name Arash Selahi
----------------------------------------- -----------------------------------------------
Reason for the notification
2
------------------------------------------------------------------------------------------
a) Position/status PDMR - COO of Clean Power Hydrogen
plc
----------------------------------------- -----------------------------------------------
b) Initial notification /Amendment Initial notification
----------------------------------------- -----------------------------------------------
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 of the financial Grant of options to subscribe for
instrument, type of instrument new ordinary shares under the Company's
EMI Scheme
Identification code GB00BP371R64
b) Nature of the transaction Grant of options
----------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
Price Volume
GBP0.3025 100,000
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 16 June 2023
----------------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
----------------------------------------- -----------------------------------------------
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END
DSHFFMATMTBBBAJ
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