Brief: Proton Motor Power Enters Into Waiver Agreement With Largest Shareholders, Lenders

Proton Motor Power Systems

07/12/2021 14:27

Dec 7 (Reuters) - Proton Motor Power Systems PLC  PPS.L :
    * PROTON MOTOR POWER   - PROPOSED WAIVER OF CONVERSION
RIGHTS &
SHARE SPLIT
    * PROTON MOTOR POWER SYSTEMS PLC - ENTERED INTO A WAIVER
AGREEMENT
WITH SFN CLEANTECH INVESTMENT LTD ("SFN") AND MR FALIH NAHAB
    * PROTON MOTOR POWER SYSTEMS - PROPOSE SUBDIVISION OF EACH
EXISTING ORDINARY SHARE OF 1P EACH INTO TWO NEW ORDINARY SHARES
OF 0.5P EACH
    * PROTON MOTOR: DEAL WITH LARGEST INVESTORS, LENDERS TO
ELIMINATING ALL, POTENTIAL FUTURE DILUTION EFFECTS ARISING FROM
ITS FINANCING STRUCTURE
    * PROTON MOTOR POWER SYSTEMS- SFN INTENDS TO TRANSFER, FOR
NIL
CONSIDERATION, UP TO 320 MILLION NEW SHARES FOLLOWING COMPLETION
OF SUBDIVISION
    * PROTON MOTOR - AFTER COMPLETION OF PROPOSED AGREEMENT AND
SUBDIVISION, SFN AND MR FALIH NAHAB WOULD NO LONGER HOLD ANY
CONVERSION RIGHTS OVER NEW SHARES

Source text for Eikon:  ID:nRSG8687Ua 
Further company coverage:  PPS.L 

 ((Reuters.Briefs@thomsonreuters.com;))