RNS Number : 2332P
Clean Power Hydrogen
08 February 2023
 

8 February 2023

 

Clean Power Hydrogen Plc

("CPH2", the "Company" or the "Group")

 

Save As You Earn Scheme

 

CPH2, the UK-based green hydrogen technology and manufacturing company that has developed the IP-protected Membrane-Free Electrolyser ("MFE"), announces that, on 3 November 2022, it implemented an HMRC compliant 'Save As You Earn' scheme which was made available to all employees of the Company (the "Scheme").

 

A total of 32 employees of the Company, including two of the Company's 'persons discharging managerial responsibility' ("PDMRs"), applied to participate in the Scheme, resulting in the grant of options to subscribe for an aggregate of 590,030 new Ordinary Shares in the Company (the "Options") on 3 November 2022.

 

The Options have an exercise price, calculated in accordance with the rules of the Scheme, of 31.94 pence per Option (representing a 20% discount to the average closing mid-market price per Ordinary Share on 3, 4 and 5 October 2022, being the three days prior to the invitation to participate in the Scheme being made). Subject to the rules of the Scheme, participants will be able to exercise their Options within six-months commencing on 17 November 2025.

 

Pursuant to the Scheme, the following PDMRs applied to participate in the Scheme and have been granted Options in the amounts shown below.

 

 

Options granted

Jon Duffy, Chief Executive Officer

28,177

Arash Selahi, Chief Operating Officer

22,542

 

The notifications below provide further details in relation to the grant of Options to the PDMRs listed above.

 

For more information, please contact:

 

Clean Power Hydrogen Plc

via Camarco

Jon Duffy, Chief Executive Officer


James Hobson, Chief Financial Officer




Cenkos Securities plc - NOMAD & Broker


Neil McDonald

+44 (0)131 220 9771

Peter Lynch

+44 (0)131 220 9772

Adam Rae

+44 (0)131 220 9778



Camarco PR

+ 44(0) 20 3757 4980

Billy Clegg


Owen Roberts


Lily Pettifar


 

To find out more, please visit: https://www.cph2.com

 

Overview of CPH2

CPH2 is the holding company of Clean Power Hydrogen Group Limited ("Clean Power") which has almost a decade of dedicated research and product development experience. This experience has resulted in the creation of simple, safe and sustainable technology which is designed to deliver a modular solution to the hydrogen production market in a cost-effective, scalable, reliable and long-lasting manner. The Group's strategic objective is to deliver the lowest LCOH in the market in relation to the production of green hydrogen. The Group's MFE technology is already commercially available and demonstrating cost efficiencies and technological advantages. CPH2 is listed on the AIM market and trades under the ticker LON:CPH2.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jon Duffy

2

 

Reason for the notification

 

a)

Position/status

PDMR (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

Clean Power Hydrogen plc

b)

LEI

9845009D2AB08E5BF491

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 1p each



Identification code

GB00BP371R64



b)

 

Nature of the transaction

Grant of options to subscribe for new ordinary shares under the Company's SAYE scheme

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




31.94 pence

28,177







d)

 

Aggregated information

n/a - single transaction



-Aggregated volume




-Price




e)

 

Date of the transaction

3 November 2022

f)

 

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Arash Selahi

2

 

Reason for the notification

 

a)

Position/status

PDMR (Chief Operating Officer)

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Clean Power Hydrogen plc

b)

LEI

9845009D2AB08E5BF491

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 1p each



Identification code

GB00BP371R64



b)

 

Nature of the transaction

Grant of options to subscribe for new ordinary shares under the Company's SAYE scheme

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




31.94 pence

22,542







d)

 

Aggregated information

n/a - single transaction



-Aggregated volume




-Price




e)

 

Date of the transaction

3 November 2022

f)

 

Place of the transaction

Outside a trading venue

 

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