REG - Proton Power Systems - Grant of options <Origin Href="QuoteRef">P6K.L</Origin>

Proton Motor Power SystemsAnnouncement

28/07/2015 10:30

RNS Number : 2789U
Proton Power Systems PLC
28 July 2015

28 July 2015
Proton Power Systems plc
("Proton" or the "Company")
Grant of options
Proton Power (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems, announces that it today granted options over ordinary shares in the capital of the Company, at an exercise price of 7.875 pence per ordinary share, to the following directors of the Company: 

Director

Thomas Melczer - Business Development Director Ian Peden - Chairman
Achim Loecher - Finance Director
Helmut Gierse - Non-executive director 

No. of options

300,000 400,000 250,000 250,000
Resultant
option holding

13,350,000
2,650,000
9,650,000
6,050,000 
Faiz Nahab PhD - Chief Executive Officer
10,000,000
10,000,000

The options vest immediately, andlapse after 10 years, from the grant date and are only exercisable in the event an offer or a change of control is accepted by the Company in accordance with the option scheme rules (paragraphs 22.1 and 22.1.1.). 
Save for the above, the directors' beneficial interests remain unchanged and as previously announced. 
- Ends -
For further information:
Proton Power Systems plc

Dr Faiz Nahab, CEO

Achim Loecher, FD
Ian Peden, Chairman
Tel: +49 (0) 89 127 626 550
Tel: +49 (0) 162 101 6470

www.protonpowersystems.com
Westhouse Securities Limited
Nominated adviser and broker
Tel: +44 (0) 20 7601 6100
Antonio Bossi / David Coaten
www.westhousesecurities.com


About Proton Motor Fuel Cell GmbH
Proton Motor is an expert in industrial fuel cells, fuel cell and hybrid systems with more than 17 years of experience in this sector. 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 and stationary solutions applications. The product portfolio consists of base-fuel cell systems, standard complete systems, as well as customized systems. 
Proton Motor acquired SPower GmbH in 2013. Established in 2007, SPower 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 Cells GmbH is wholly owned subsidiary of Proton Power Systems plc. The Company has been listed on the London Stock Exchange since October 2006 (code: PPS).

This information is provided by RNS
The company news service from the London Stock Exchange
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