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

Proton Motor Power SystemsAnnouncement

06/09/2014 14:29

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RNS Number : 7809L
Proton Power Systems PLC
09 July 2014 
 
   9 July 2014  
 
 
Proton Power Systems plc 
 
("Proton Power" or the "Company") 
 
Issue of equity 
 
Proton Power Systems plc (AIM: PPS), the designer, developer and producer of
fuel cells and fuel cell electric hybrid systems, announces that it has issued
169,972 ordinary shares of 1 pence each in the Company (the "New Ordinary
Shares") to PSO Consult in lieu of fees. 
 
An application has been made for the New Ordinary Shares to be admitted to
trading on AIM which is expected to take effect on or around 15 July 2014
("Admission"). 
 
Following Admission the Company's issued share capital will comprise
640,977,071 ordinary shares of 1 pence each in the Company ("Ordinary
Shares"). The Company does not hold any Ordinary Shares in treasury. 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 Financial Conduct Authority's Disclosure and Transparency
Rules. 
 
- Ends - 
 
For further information: 
 
 Proton Power Systems plc                               
 Dr Faiz Nahab, CEO                                     
 Achim Loecher, FD         Tel: +49 (0) 89 127 626 550  
                           www.protonpowersystems.com   
                                                        
 
 
 Westhouse Securities LimitedNominated adviser and broker  Tel: +44 (0) 20 7601 6100    
 Antonio Bossi                                             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