REG - Clean Power Hydrogen - Award under the Company’s Long-Term Incentive Plan

Clean Power HydrogenAnnouncement

03/10/2025 07:00

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RNS Number : 9110B  Clean Power Hydrogen PLC  03 October 2025

 

3 October 2025

 

Clean Power Hydrogen plc

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

 

Award under the Company's Long-Term Incentive Plan

 

CPH2, the UK-based green hydrogen technology and manufacturing company that
has developed the IP-protected Membrane-Free Electrolyser ("MFE"), announces
an award under the Company's long-term incentive plan (the "LTIP") to Chief
Commercial Officer ("CCO"), Richard Scott, following his appointment and in
line with the Company's LTIP structure.

The Company has awarded options in respect of a total of 1,000,000 Ordinary
Shares of 1p each ("Ordinary Shares") under the Company's EMI Share Option
Scheme and Unapproved Options Scheme (the "Options") which are designed to
incentivise members of the Company's management.

Subject to the achievement of certain performance criteria, the Options will
vest on 31 January 2028. All Options will expire ten years from the date of
grant. The LTIP is structured whereby 750,000 Options ("Threshold Options")
are awarded subject to total shareholder return performance conditions and the
remaining 250,000 Options are awarded conditional upon continued employment to
the scheduled vesting date.  The exercise price is £0.01 per share.

The performance conditions of the Threshold Options are dependent on the
average closing share price in the 30 days prior to scheduled vesting date
(the "Relevant Period") and the continued employment of Mr Scott as at that
date. The calculation of the number of Threshold Options which will vest as
follows:

1.   If the average share price during the Relevant Period is below 10p, no
Threshold Options will vest.

2.   If the average share price during the Relevant Period is equal to 10p,
10% of the Threshold Options will vest.

3.   If the average share price during the Relevant Period is between 10p
and 20p, the number of Threshold Options which vest will be pro-rata between
10% and 100% of the total Threshold Options; and

4.   If the average share price is 20p or more during the Relevant Period,
100% of the Threshold Options will vest.

Following these option grants, the Company has 25,210,899 shares under option.
This represents, following the increase in Options mentioned below, 5.02% of
the issued share capital of the Company.

The information in this announcement is disclosed in accordance with Article
19 of the EU Market Abuse Regulation.

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) 20 3 757 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                                                         Richard Scott
 2    Reason for the notification
 a)   Position/status                                              PDMR - CCO 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 EMI

                                                                 Scheme

      Identification code                                          GB00BP371R64

 b)   Nature of the transaction                                    Grant of options

 c)   Price(s) and volume(s)

                                                                                         Price                 Volume
                                                                                         £0.01                 1,000,000

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price

 e)   Date of the transaction                                      1 October 2025
 f)   Place of the transaction                                     Outside a trading venue

 

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