REG - Clean Power Hydrogen - Grant of EMI Options
19/06/2023 07:00
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RNS Number : 0530D Clean Power Hydrogen 19 June 2023
19 June 2023
Clean Power Hydrogen plc
("CPH2", the "Company" or the "Group)
Grant of EMI Options
Clean Power Hydrogen plc (AIM: CPH2), the UK-based green hydrogen technology
and manufacturing group that has developed the IP-protected Membrane-Free
Electrolyser, announces the grant of options over Ordinary shares to Chief
Financial Officer, James Hobson, Chief Technical Officer, Paul Cassidy and
Chief Operating Officer, Arash Selahi under the Company's EMI option scheme,
as set out below.
Exercise Reference date of Exercise price Shares under EMI option scheme newly granted Current shareholding in Company
price
(£)
James Hobson 0.4025 19 July 2022 100,000 Nil
Paul Cassidy 0.3100 19 December 2022 100,000 Nil
Arash Selahi 0.3025 1 December 2022 100,000 Nil
Total 300,000
These options vest after 1 year of service and have an exercise price equal to
the market value at the respective date when contracts were signed by James
Hobson and Paul Cassidy, and effective date of promotion in the case of Arash
Selahi.
Following these option grants, the Company has 21,666,557 shares under option.
This represents, following the increase in options mentioned below, 8.08% 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.
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) 203 757 4980
Billy Clegg
Owen Roberts
Lily Pettifar
Notes to Editors
CPH2 is the holding company of Clean Power Hydrogen Group Limited
("CleanPower") 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 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 EMI
Scheme
Identification code GB00BP371R64
b) Nature of the transaction Grant of options
c) Price(s) and volume(s)
Price Volume
£0.4025 100,000
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 16 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 Paul Cassidy
2 Reason for the notification
a) Position/status PDMR - CTO 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
£0.31 100,000
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 16 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 EMI
Scheme
Identification code GB00BP371R64
b) Nature of the transaction Grant of options
c) Price(s) and volume(s)
Price Volume
£0.3025 100,000
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 16 June 2023
f) Place of the transaction Outside a trading venue
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