REG - Clean Power Hydrogen - 2023 Save As You Earn Scheme

Clean Power HydrogenAnnouncement

22/06/2023 07:00

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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
 Neil McDonald                               +44 (0)131 220 9771
 Peter Lynch                                 +44 (0)131 220 9772
 Adam Rae                                    +44 (0)131 220 9778

 Camarco PR                                  + 44(0) 20 3757 4980
 Billy Clegg
 Owen Roberts
 Lily Pettifar

 

To find out more, please visit: https://www.cph2.com (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.

 

 

 1    Details of the person discharging managerial responsibilities ("PDMR") /

    person closely associated ("PCA")

 a)   Name                                                         Jon Duffy
 2    Reason for the notification
 a)   Position/status                                              PDMR - CEO of Clean Power Hydrogen plc
 b)   Initial notification /Amendment                              Initial notification
 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Clean Power Hydrogen plc
 b)   LEI                                                          9845009D2AB08E5BF491
 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 the financial instrument, type of instrument  Grant of options to subscribe for 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
                                                                                         £0.22                 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

 

 

 

 1    Details of the person discharging managerial responsibilities ("PDMR") /

    person closely associated ("PCA")

 a)   Name                                                         James Hobson
 2    Reason for the notification
 a)   Position/status                                              PDMR - CFO of Clean Power Hydrogen plc
 b)   Initial notification /Amendment                              Initial notification
 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Clean Power Hydrogen plc
 b)   LEI                                                          9845009D2AB08E5BF491
 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 the financial instrument, type of instrument  Grant of options to subscribe for 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
                                                                                         £0.22                 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

 

 

 1    Details of the person discharging managerial responsibilities ("PDMR") /

    person closely associated ("PCA")

 a)   Name                                                         Arash Selahi
 2    Reason for the notification
 a)   Position/status                                              PDMR - COO of Clean Power Hydrogen plc
 b)   Initial notification /Amendment                              Initial notification
 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Clean Power Hydrogen plc
 b)   LEI                                                          9845009D2AB08E5BF491
 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 the financial instrument, type of instrument  Grant of options to subscribe for 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
                                                                                         £0.22                 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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