REG - Clean Power Hydrogen - Save As You Earn Scheme

Clean Power HydrogenAnnouncement

08/02/2023 07:00

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RNS Number : 2332P  Clean Power Hydrogen  08 February 2023

8 February 2023

 

Clean Power Hydrogen Plc

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

 

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 3 November 2022, it implemented an HMRC compliant 'Save As You Earn'
scheme which was made available to all employees of the Company (the
"Scheme").

 

A total of 32 employees of the Company, including two 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 590,030 new Ordinary Shares in the Company (the "Options") on
3 November 2022.

 

The Options have an exercise price, calculated in accordance with the rules of
the Scheme, of 31.94 pence per Option (representing a 20% discount to the
average closing mid-market price per Ordinary Share on 3, 4 and 5 October
2022, being the three days 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 17 November
2025.

 

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     28,177
 Arash Selahi, Chief Operating Officer  22,542

 

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 / person closely
      associated
 a)   Name                                                         Jon Duffy
 2    Reason for the notification

 a)   Position/status                                              PDMR (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                                                         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  Ordinary shares of 1p each

      Identification code                                          GB00BP371R64

 b)   Nature of the transaction                                    Grant of options to subscribe for new ordinary shares under the Company's SAYE

                                                                 scheme

 c)   Price(s) and volume(s)

                                                                                         Price(s)              Volume(s)
                                                                                         31.94 pence           28,177

 d)   Aggregated information                                       n/a - single transaction

      -Aggregated volume

      -Price

 e)   Date of the transaction                                      3 November 2022

 f)   Place of the transaction                                     Outside a trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Arash Selahi
 2    Reason for the notification

 a)   Position/status                                              PDMR (Chief Operating Officer)
 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  Ordinary shares of 1p each

      Identification code                                          GB00BP371R64

 b)   Nature of the transaction                                    Grant of options to subscribe for new ordinary shares under the Company's SAYE

                                                                 scheme

 c)   Price(s) and volume(s)

                                                                                         Price(s)              Volume(s)
                                                                                         31.94 pence           22,542

 d)   Aggregated information                                       n/a - single transaction

      -Aggregated volume

      -Price

 e)   Date of the transaction                                      3 November 2022

 f)   Place of the transaction                                     Outside a trading venue

 

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