REG - Proton Motor Power - Result of GM & completion of subdivision

Proton Motor Power SystemsAnnouncement

29/12/2021 11:00

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RNS Number : 9528W  Proton Motor Power Systems PLC  29 December 2021

29 December 2021

 

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

 

Result of General Meeting and completion of subdivision

 

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, is pleased to announce that, at the Company's General
Meeting ("GM") held earlier today, all resolutions put to shareholders were
duly passed.

 

The proxy voting results of the resolutions will shortly be available on the
Company's website at https://www.protonmotor-powersystems.com/
(https://www.protonmotor-powersystems.com/) .

 

Details of the Subdivision, approved at today's GM, were set out in the
Company's announcement on 13 December 2021, including the timetable of
events.  Application has been made for the New Ordinary Shares to be
admitted to trading on AIM and dealings in the New Ordinary Shares are
expected to commence at 8:00 a.m. tomorrow.

 

Following Admission, the new ISIN code for the Company's ordinary shares of
0.5 pence each will be GB00BP83GZ24 and their new SEDOL code will
be BP83GZ2.

 

Total Voting Rights

 

Upon Admission, the Company's issued share capital will consist
of 1,548,740,548 ordinary shares of 0.5 pence each with one voting right
each. The Company does not hold any Ordinary Shares in treasury. Therefore,
the total number of Ordinary Shares and voting rights in the Company will
be 1,548,740,548. With effect from Admission, this figure may be used by
shareholders in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.

 

Unless otherwise defined herein, capitalised terms used in this announcement
shall have the same meanings as defined in the announcements published on 7
and 13 December 2021.

 

 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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