RNS Number : 4928D
Clean Power Hydrogen
22 June 2023
 

22 June 2023

 

Clean Power Hydrogen plc

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

 

2023 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 30 May 2023 all employees of the Company were invited to participate in its HMRC compliant 'Save As You Earn' scheme (the "Scheme").

 

A total of 18 employees of the Company, including three 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 489,264 new Ordinary Shares in the Company (the "Options") on 21 June 2023.

 

The Options have an exercise price, calculated in accordance with the rules of the Scheme, of 22 pence per Option (representing a 20% discount to the closing mid-market price per Ordinary Share on 26 May 2023, being the previous business day 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 1 August 2026.

 

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

32,727

James Hobson, Chief Financial Officer

40,909

Arash Selahi, Chief Operating Officer

32,727

 

Following these option grants, the Company has 22,355,821 shares under option. This represents, following the increase in options mentioned below, 8.34% of the issued share capital of the Company.

 

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 ("PDMR") / person closely associated ("PCA")

a)

Name

Jon Duffy

2

Reason for the notification

a)

Position/status

PDMR - CEO 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 SAYE scheme



Identification code

GB00BP371R64



b)

Nature of the transaction

Grant of options

c)

 

Price(s) and volume(s)






 

Price

Volume




£0.22

32,727







d)

 

Aggregated information




- Aggregated volume

N/A



- Price




e)

Date of the transaction

21 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

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 SAYE scheme



Identification code

GB00BP371R64



b)

Nature of the transaction

Grant of options

c)

 

Price(s) and volume(s)






 

Price

Volume




£0.22

40,909







d)

 

Aggregated information




- Aggregated volume

N/A



- Price




e)

Date of the transaction

21 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 SAYE scheme



Identification code

GB00BP371R64



b)

Nature of the transaction

Grant of options

c)

 

Price(s) and volume(s)






 

Price

Volume




£0.22

32,727







d)

 

Aggregated information




- Aggregated volume

N/A



- Price




e)

Date of the transaction

21 June 2023

f)

Place of the transaction

Outside a trading venue

 

 

 

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