Clean Power Hydrogen 2023 Save As You Earn Scheme (4928D)
June 22 2023 - 2:00AM
UK Regulatory
TIDMCPH2
RNS Number : 4928D
Clean Power Hydrogen
22 June 2023
22 June 2023
Clean Power Hydrogen plc
("CPH2", the "Company" or the "Group")
2023 Save As You Earn Scheme
CPH2, the UK-based green hydrogen technology and manufacturing
company that has developed the IP-protected Membrane-Free
Electrolyser ("MFE"), announces that on 30 May 2023 all employees
of the Company were invited to participate in its HMRC compliant
'Save As You Earn' scheme (the "Scheme").
A total of 18 employees of the Company, including three of the
Company's 'persons discharging managerial responsibility'
("PDMRs"), applied to participate in the Scheme, resulting in the
grant of options to subscribe for an aggregate of 489,264 new
Ordinary Shares in the Company (the "Options") on 21 June 2023.
The Options have an exercise price, calculated in accordance
with the rules of the Scheme, of 22 pence per Option (representing
a 20% discount to the closing mid-market price per Ordinary Share
on 26 May 2023, being the previous business day prior to the
invitation to participate in the Scheme being made). Subject to the
rules of the Scheme participants will be able to exercise their
Options within six-months commencing on 1 August 2026.
Pursuant to the Scheme, the following PDMRs applied to
participate in the Scheme and have been granted Options in the
amounts shown below.
Options granted
--------------------------------------- ----------------
Jon Duffy, Chief Executive Officer 32,727
James Hobson, Chief Financial Officer 40,909
Arash Selahi, Chief Operating Officer 32,727
Following these option grants, the Company has 22,355,821 shares
under option. This represents, following the increase in options
mentioned below, 8.34% of the issued share capital of the
Company.
The notifications below provide further details in relation to
the grant of Options to the PDMRs listed above.
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) 20 3757
Camarco PR 4980
Billy Clegg
Owen Roberts
Lily Pettifar
To find out more, please visit: https://www.cph2.com
Overview of CPH2
CPH2 is the holding company of Clean Power Hydrogen Group
Limited ("Clean Power") 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 Jon Duffy
-------------------------------------------- -----------------------------------------------
Reason for the notification
2
---------------------------------------------------------------------------------------------
a) Position/status PDMR - CEO 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
SAYE scheme
Identification code GB00BP371R64
b) Nature of the transaction Grant of options
-------------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
Price Volume
GBP0.22 32,727
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 21 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 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
SAYE scheme
Identification code GB00BP371R64
b) Nature of the transaction Grant of options
-------------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
Price Volume
GBP0.22 40,909
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 21 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
SAYE scheme
Identification code GB00BP371R64
b) Nature of the transaction Grant of options
-------------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
Price Volume
GBP0.22 32,727
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 21 June 2023
-------------------------------------------- -----------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------- -----------------------------------------------
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