TIDMPPS

RNS Number : 2793N

Proton Motor Power Systems PLC

29 January 2021

 
        29 January 2021

Proton Motor Power Systems plc

("Proton" or the "Company")

Director dealing and Employee share 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 that it has today issued 44,500 new ordinary shares of 1 penny each in Proton ("Ordinary Shares") under the terms of the employee share purchase scheme, at 66.0 pence per Ordinary Share ("Issue Price"). Eligible employees and Directors were invited to subscribe for Ordinary Shares at the Issue Price, of which a number elected to participate.

Manfred Limbrunner, a Director of the Company, subscribed for 5,000 Ordinary Shares at the Issue Price. Following this purchase, Mr. Limbrunner is interested in 65,000 Ordinary Shares, representing approximately 0.008 per cent of the Company's issued share capital and options over 6,345,000 Ordinary Shares.

An application has been made for the new 44,500 Ordinary Shares to be admitted to trading on AIM which is expected to take effect around 4 February 2021 ("Admission").

Following Admission the Company's issued share capital will comprise 773,872,607 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.

For further information:

 
 Proton Motor Power Systems plc 
 Dr Faiz Nahab, CEO 
  Helmut Gierse, Chairman 
  Brendan Bilton, Investor Relations 
  and Business Officer                   Tel: +49 (0) 173 189 
  Sebastian Goldner, COO/CTO             0923 
  Roman Kotlarzewski, CFO                www.protonpowersystems.com 
  Manfred Limbrunner, Director Sales 
  and Marketing 
 
 
 
   Shore Capital 
   Nominated adviser and broker 
 Antonio Bossi / David Coaten          Tel: +44 (0) 20 7408 
                                        4050 
                                        www.shorecap.co.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 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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January 29, 2021 02:00 ET (07:00 GMT)

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