REG - Proton Motor Power - Director dealing

Proton Motor Power SystemsAnnouncement

20/03/2024 10:30

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RNS Number : 6088H  Proton Motor Power Systems PLC  20 March 2024

20 March 2024

 

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

 

Director dealing

 

Proton Motor Power Systems plc (AIM: PPS), the designer and producer of
hydrogen fuel cells and hydrogen fuel cell electric hybrid systems with a
zero-carbon footprint, announces that it was informed on 18 March 2024 that
Helmut Gierse, Non-Executive Chair of the Company, sold 50,000 ordinary shares
of 0.5 pence each in the capital of the Company ("Ordinary Shares") on 18
March 2024 at an average price of 3.5p per Ordinary Share, in order to fund
income tax liabilities resulting from the receipt of Ordinary Shares, as
announced by the Company on 8 March 2024.

 

Following the sale, Helmut Gierse's beneficial interest in the share capital
of the Company is 10,705,005 Ordinary Shares, equivalent to approximately 0.64
per cent. of the Company's issued share capital.

 

For further information:

 

 Proton Motor Power Systems Plc
 Dr Faiz Nahab, CEO
 Roman Kotlarzewski, CFO                              +49 (0) 173 189 0923
                                                      www.protonpowersystems.com
 Allenby Capital Limited
 Nominated Adviser & Broker                           +44 (0) 20 3328 5656
 James Reeve / Vivek Bhardwaj

 Celicourt Communications
 PR Adviser                                           +44 (0) 20 7770 6424 / protonmotor@celicourt.uk
 Mark Antelme / Philip Dennis

 

About Proton Motor

 

Proton Motor has 25 years of experience in Power Solutions using CleanTech
technologies such as hydrogen fuel cells, fuel cell and hybrid systems with a
zero carbon footprint. Based in Puchheim near Munich, Proton Motor develops
and produces standard Products as well as customised solutions.  The focus of
Proton Motor is on stationary solutions, as well as mobile, marine and rail
applications.  The product portfolio consists of base-fuel cell systems,
standard complete, as well as customised systems.

Proton Motor Fuel Cell GmbH is a wholly owned subsidiary of Proton Motor Power
Systems plc. The Company has been quoted on the AIM market of the London Stock
Exchange since October 2006 (code: PPS).

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them:

 

 1.    Details of the person discharging managerial responsibilities / person closely
       associated
 a)    Name                                                         Helmut Gierse
 2.    Reason for the Notification
 a)    Position/status                                              Non-Executive Chairman
 b)    Initial notification/Amendment                               Initial Notification
 3.    Details of the issuer, emission allowance market participant, auction
       platform, auctioneer or auction monitor
 a)    Name                                                         Proton Motor Power Systems Plc

 b)    LEI                                                          213800TRXTSRGG8J2P59

 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 GBP 0.005 each in Proton Motor Power Systems Plc

       Identification code                                          ISIN: GB00BP83GZ24
 b)    Nature of the transaction                                    Sale of Ordinary Shares

 c)    Price(s) and volume(s)                                       Price(s)   Volume(s)
                                                                    3.5 pence  50,000

 
 d)    Aggregated information:
       -  Aggregated volume                                         50,000
       -  Price                                                     3.5p
 e)    Date of the transaction                                      18 March 2024
 f)    Place of the transaction                                     London Stock Exchange (AIM)

 

d)

Aggregated information:

-  Aggregated volume

50,000

-  Price

3.5p

e)

Date of the transaction

18 March 2024

f)

Place of the transaction

London Stock Exchange (AIM)

 

 

 

 

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