REG - Proton Motor Power - Holding(s) in Company

Proton Motor Power SystemsAnnouncement

10/02/2022 14:35

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RNS Number : 3415B  Proton Motor Power Systems PLC  10 February 2022

10 February 2022

 

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

 

Holdings in Company

 

Proton Motor Power Systems plc (AIM: PPS), Europe's leading designer,
developer and producer of fuel cells and electric hybrid systems with a
zero-carbon footprint, has today been informed by SFN CleanTech Investment Ltd
("SFN") that SFN has transferred, for nil consideration, 320,900,000 ordinary
shares of 0.5p each in the Company ("Ordinary Shares") to Mr Falih Nahab (the
"Transfer").

 

As announced on 7 December 2021, SFN had indicated to the Company its
intention to effect the Transfer for nil consideration on completion of the
subdivision of the Company's ordinary share capital, which was announced on 29
December 2021, and the Takeover Panel having confirmed that the Transfer would
not trigger any obligation on SFN and/or Falih Nahab to make a mandatory offer
to the independent shareholders under Rule 9 of the Takeover Code, which has
now been received.

 

As a result, SFN and Mr Falih Nahab now hold a direct holding of 895,700,056
and 381,028,416 Ordinary Shares, respectively, representing 57.83 and 24.6 per
cent. of the voting rights of the Company, respectively. In addition, Falih
Nahab has a 28 per cent. holding in SFN and Dr. Faiz Nahab, CEO of the
Company, has a 2 per cent. holding in SFN.

 

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                                                         SFN CleanTech Investment Ltd
 2.    Reason for the Notification
 a)    Position/status                                              Person closely associated with Dr. Faiz Nahab, 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                                                         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 GBP0.005

       Identification code                                          ISIN: GB00BP83GZ24
 b)    Nature of the transaction                                    Transfer of 320.9 million ordinary shares of GBP0.005 from SFN (a PCA of Dr.
                                                                    Faiz Nahab) to Mr Falih Nahab
 c)    Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                    nil       320.9 million

 
 d)    Aggregated information:                                      N/A

       -  Aggregated volume

       -  Price
 e)    Date of the transaction                                      10 February 2022
 f)    Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information:

-  Aggregated volume

-  Price

N/A

e)

Date of the transaction

10 February 2022

f)

Place of the transaction

Outside a trading venue

 

 

For further information:

 

 Proton Motor Power Systems Plc
 Dr Faiz Nahab, CEO
 Helmut Gierse,
 Chairman
 Brendan Bilton, Investor and Business Relations                                                                                                                                                        +44 (0) 7798 554 191
 Roman Kotlarzewski, CFO                                                                                                                                                                                +49 (0) 173 189 0923
 Antonio Bossi, Non-Executive Director,

 Investor Relations
                                                                                                                                                                                                        www.protonpowersystems.com

                                                                                                                                                                                                        investor-relations@proton-motor.de

 Allenby Capital Limited
 Nominated Adviser & Broker                                                                                                                                                                             +44 (0) 20 3328 5656
 James Reeve / Vivek Bhardwaj

 

About Proton Motor Fuel Cell GmbH

 

Proton Motor has more than 20 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 offers complete fuel cell and hybrid systems from a single source - from
the development and production through the implementation of customized
solutions.  The focus of Proton Motor is on back-to-base, for example, for
mobile, marine, stationary and rail solutions applications.  The product
portfolio consists of base-fuel cell systems, standard complete systems, as
well as customized systems.

 

Proton Motor serves IT, Telecoms, public infrastructure and healthcare
customers in Germany, Europe and Middle East with power supply solutions for
DC and AC power demand. In addition to power supply, SPower also offers
solutions for Solar Systems as well as a new product line for Solar Energy
Storage.

 

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).

 

 

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