19 June 2023
Clean Power Hydrogen plc
("CPH2", the "Company" or the "Group)
Grant of EMI Options
Clean Power Hydrogen plc (AIM: CPH2), the UK-based green hydrogen technology and manufacturing group that has developed the IP-protected Membrane-Free Electrolyser, announces the grant of options over Ordinary shares to Chief Financial Officer, James Hobson, Chief Technical Officer, Paul Cassidy and Chief Operating Officer, Arash Selahi under the Company's EMI option scheme, as set out below.
|
| Exercise | Reference date of Exercise price | Shares under EMI option scheme newly granted | Current shareholding in Company |
| James Hobson | 0.4025 | 19 July 2022 | 100,000 | Nil |
| Paul Cassidy | 0.3100 | 19 December 2022 | 100,000 | Nil |
| Arash Selahi | 0.3025 | 1 December 2022 | 100,000 | Nil |
| Total | |
| 300,000 | |
These options vest after 1 year of service and have an exercise price equal to the market value at the respective date when contracts were signed by James Hobson and Paul Cassidy, and effective date of promotion in the case of Arash Selahi.
Following these option grants, the Company has 21,666,557 shares under option. This represents, following the increase in options mentioned below, 8.08% of the issued share capital of the Company.
The information in this announcement is disclosed in accordance with Article 19 of the EU Market Abuse Regulation.
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) 203 757 4980 |
| Billy Clegg | |
| Owen Roberts | |
| Lily Pettifar | |
Notes to Editors
CPH2 is the holding company of Clean Power Hydrogen Group Limited ("CleanPower") 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 ("PDMR") / person closely associated ("PCA") | ||||
| a) | Name | James Hobson | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | PDMR - CFO of Clean Power Hydrogen plc | |||
| 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 | Grant of options to subscribe for new ordinary shares under the Company's EMI Scheme | |||
| | | ||||
| Identification code | GB00BP371R64 | ||||
| | | ||||
| b) | Nature of the transaction | Grant of options
| |||
| c)
| Price(s) and volume(s) | | | | |
| |
| Price | Volume | | |
| | | £0.4025 | 100,000 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | N/A | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e) | Date of the transaction | 16 June 2023
| |||
| f) | Place of the transaction | Outside a trading venue | |||
| 1
| Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA") | ||||
| a) | Name | Paul Cassidy | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | PDMR - CTO of Clean Power Hydrogen plc | |||
| 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 | Grant of options to subscribe for new ordinary shares under the Company's EMI Scheme | |||
| | | ||||
| Identification code | GB00BP371R64 | ||||
| | | ||||
| b) | Nature of the transaction | Grant of options
| |||
| c)
| Price(s) and volume(s) | | | | |
| |
| Price | Volume | | |
| | | £0.31 | 100,000 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | N/A | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e) | Date of the transaction | 16 June 2023
| |||
| f) | Place of the transaction | Outside a trading venue | |||
| 1
| Details of the person discharging managerial responsibilities ("PDMR") / person closely associated ("PCA") | ||||
| a) | Name | Arash Selahi | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | PDMR - COO of Clean Power Hydrogen plc | |||
| 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 | Grant of options to subscribe for new ordinary shares under the Company's EMI Scheme | |||
| | | ||||
| Identification code | GB00BP371R64 | ||||
| | | ||||
| b) | Nature of the transaction | Grant of options
| |||
| c)
| Price(s) and volume(s) | | | | |
| |
| Price | Volume | | |
| | | £0.3025 | 100,000 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | N/A | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e) | Date of the transaction | 16 June 2023
| |||
| f) | Place of the transaction | Outside a trading venue | |||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.