Proton Motor Power Systems PLC Holding(s) in Company (3415B)

TIDMPPS

RNS Number : 3415B

Proton Motor Power Systems PLC

10 February 2022

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

Holdings in Company

Proton Motor Power Systems plc (AIM: PPS), Europe's leading designer, developer and producer of fuel cells and electric hybrid systems with a zero-carbon footprint, has today been informed by SFN CleanTech Investment Ltd ("SFN") that SFN has transferred, for nil consideration, 320,900,000 ordinary shares of 0.5p each in the Company ("Ordinary Shares") to Mr Falih Nahab (the "Transfer").

As announced on 7 December 2021, SFN had indicated to the Company its intention to effect the Transfer for nil consideration on completion of the subdivision of the Company's ordinary share capital, which was announced on 29 December 2021, and the Takeover Panel having confirmed that the Transfer would not trigger any obligation on SFN and/or Falih Nahab to make a mandatory offer to the independent shareholders under Rule 9 of the Takeover Code, which has now been received.

As a result, SFN and Mr Falih Nahab now hold a direct holding of 895,700,056 and 381,028,416 Ordinary Shares, respectively, representing 57.83 and 24.6 per cent. of the voting rights of the Company, respectively. In addition, Falih Nahab has a 28 per cent. holding in SFN and Dr. Faiz Nahab, CEO of the Company, has a 2 per cent. holding in SFN.

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                             SFN CleanTech Investment Ltd 
     -------------------------------  -------------------------------------- 
 2.   Reason for the Notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                  Person closely associated with Dr. 
                                        Faiz Nahab, Chief Executive 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                   Ordinary shares of GBP0.005 
       the Financial 
       instrument, type 
       of instrument 
     -------------------------------  -------------------------------------- 
      Identification                   ISIN: GB00BP83GZ24 
       code 
     -------------------------------  -------------------------------------- 
 b)   Nature of the                    Transfer of 320.9 million ordinary 
       transaction                      shares of GBP0.005 from SFN (a PCA 
                                        of Dr. Faiz Nahab) to Mr Falih Nahab 
     -------------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         nil         320.9 million 
                                                    -------------- 
     -------------------------------  -------------------------------------- 
 d)   Aggregated information:          N/A 
        *    Aggregated volume 
 
 
        *    Price 
     -------------------------------  -------------------------------------- 
 e)   Date of the transaction          10 February 2022 
     -------------------------------  -------------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
     -------------------------------  --------------------------------------

For further information:

 
 Proton Motor Power Systems Plc 
 Dr Faiz Nahab, CEO 
 Helmut Gierse, Chairman 
 Brendan Bilton, Investor and Business 
  Relations                                               +44 (0) 7798 554 191 
 Roman Kotlarzewski, CFO                                  +49 (0) 173 189 0923 
 Antonio Bossi, Non-Executive Director, 
  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

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, stationary and rail 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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