Proton Power Systems PLC Issue of Equity & Directorate Change (9695J)
April 05 2018 - 6:38AM
UK Regulatory
TIDMPPS
RNS Number : 9695J
Proton Power Systems PLC
05 April 2018
5 April 2018
Proton Power Systems plc
("Proton" or the "Company")
Issue of equity, director shareholding and directorate
change
Proton Power Systems plc (AIM: PPS), the designer, developer and
producer of fuel cells and fuel cell electric hybrid systems,
announces that it has issued 613,723 ordinary shares of 1 pence
each in the Company (the "New Ordinary Shares") at 4.3p per New
Ordinary Share to Chairman Helmut Gierse, in lieu of fees.
An application has been made for the New Ordinary Shares to be
admitted to trading on AIM which is expected to take effect around
9 April 2018 ("Admission").
Following Admission the Company's issued share capital will
comprise 644,882,228 ordinary shares of 1 Pence each in the Company
("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.
As a result of this transaction Helmut Gierse holds 3,520,339
Ordinary Shares representing 0.5459 per cent of the Company's
issued share capital and options over 6,050,000 Ordinary
shares.
Proton announces that Ian Peden has resigned as Non-Executive
Director.
Commenting on this change, Dr. Nahab, CEO of Proton, said:
"Proton would like to thank Ian for his contributions to the
Company."
For further information:
Proton Power Systems plc
Dr Faiz Nahab, CEO
Helmut Gierse, Chairman
Roman Kotlarzewski, Group FD
Sebastian Goldner, Director Customer Project Management and
Service
Manfred Limbrunner, Director Sales and Marketing
Tel: +49 (0) 89 1276265-81
www.protonpowersystems.com
Stockdale Securities Limited
Nominated adviser and broker
Antonio Bossi / El Hanan Lee
Tel: +44 (0) 20 7601 6100
www.stockdalesecurities.com
About Proton Motor Fuel Cell GmbH
Proton Motor is an expert in Power Solutions using CleanTech
technologies like industrial fuel cells, fuel cell and hybrid
systems with more than 20 years of experience in this sector. 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 Cells GmbH is wholly owned subsidiary of
Proton Power Systems plc. The Company has been listed on the London
Stock Exchange since October 2006 (code: PPS).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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April 05, 2018 06:38 ET (10:38 GMT)
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