REG - Clean Power Hydrogen - Award under Salary Sacrifice Scheme

Clean Power HydrogenAnnouncement

24/10/2025 07:00

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RNS Number : 6585E  Clean Power Hydrogen PLC  24 October 2025

 

24 October 2025

 

Clean Power Hydrogen plc

("CPH2", the "Company" or the "Group")

 

Award under Salary Sacrifice Scheme

 

CPH2, the UK-based green hydrogen technology and manufacturing company that
has developed the IP-protected Membrane-Free Electrolyser ("MFE"), announces
an award of options (the "Options") under the Salary Sacrifice Scheme
established in respect of Chief Executive Officer, Jon Duffy. As announced on
31 July 2025 in connection with the now completed Fundraising, Mr Duffy
agreed, pending the successful Site Acceptance Test of the MFE220, to receive
20% of his salary in new Ordinary Shares in lieu of cash remuneration in order
to preserve capital and ensure funds are directed towards project activities.

This payment in lieu of salary has been made in the form of the award of
Options that will vest on 30 June 2026. The quantum of the award has been
calculated based on 5 pence per Ordinary Share, being the price at which
shares were issued pursuant to the Fundraising. Accordingly, the Company has
awarded 1,038,984 Options under the Company's Unapproved Options Scheme with
an exercise price of 1p each and an expiry tenure of ten years from the date
of issue.

Following the grant of the Options, the Company has 26,249,883 shares under
option, representing 5.23% of the issued share capital of the Company.

 

ENDS

 

 

For more information, please contact:

 

 Clean Power Hydrogen plc                                via Camarco
 Jon Duffy, Chief Executive Officer
 James Hobson, Chief Financial Officer

 Cavendish Capital Markets Limited - 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) 203 757 4980
 Owen Roberts
 Kirsty Duff

 

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 which has
almost a decade of dedicated research and product development experience. This
has resulted in the delivery of proven and patented disruptive hydrogen
technology. Customers benefit from simple, safe and sustainable technology
shown to deliver a modular solution to their hydrogen requirements 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 at this scale. 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

                                                                 Unapproved Option Scheme

      Identification code                                          GB00BP371R64

 b)   Nature of the transaction                                    Grant of options

 c)   Price(s) and volume(s)

                                                                                        Price                Volume
                                                                                        £0.01                1,038,984

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price

 e)   Date of the transaction                                      23 October 2025
 f)   Place of the transaction                                     Outside a trading venue

 

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