20 March 2024
Proton Motor Power Systems plc
("Proton Motor" or the "Company")
Director dealing
Proton Motor Power Systems plc (AIM: PPS), the designer and producer of hydrogen fuel cells and hydrogen fuel cell electric hybrid systems with a zero-carbon footprint, announces that it was informed on 18 March 2024 that Helmut Gierse, Non-Executive Chair of the Company, sold 50,000 ordinary shares of 0.5 pence each in the capital of the Company ("Ordinary Shares") on 18 March 2024 at an average price of 3.5p per Ordinary Share, in order to fund income tax liabilities resulting from the receipt of Ordinary Shares, as announced by the Company on 8 March 2024.
Following the sale, Helmut Gierse's beneficial interest in the share capital of the Company is 10,705,005 Ordinary Shares, equivalent to approximately 0.64 per cent. of the Company's issued share capital.
For further information:
| Proton Motor Power Systems Plc |
|
| Dr Faiz Nahab, CEO | |
| Roman Kotlarzewski, CFO | +49 (0) 173 189 0923 |
| | www.protonpowersystems.com |
| Allenby Capital Limited |
|
| Nominated Adviser & Broker | +44 (0) 20 3328 5656 |
| James Reeve / Vivek Bhardwaj
| |
| | |
| Celicourt Communications |
|
| PR Adviser | +44 (0) 20 7770 6424 / protonmotor@celicourt.uk |
| Mark Antelme / Philip Dennis
| |
About Proton Motor
Proton Motor has 25 years of experience in Power Solutions using CleanTech technologies such as hydrogen fuel cells, fuel cell and hybrid systems with a zero carbon footprint. Based in Puchheim near Munich, Proton Motor develops and produces standard Products as well as customised solutions. The focus of Proton Motor is on stationary solutions, as well as mobile, marine and rail applications. The product portfolio consists of base-fuel cell systems, standard complete, as well as customised systems.
Proton Motor Fuel Cell GmbH is a wholly owned subsidiary of Proton Motor Power Systems plc. The Company has been quoted on the AIM market of the London Stock Exchange since October 2006 (code: PPS).
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Helmut Gierse | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Non-Executive Chairman | ||||
| b) | Initial notification/Amendment | Initial Notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Proton Motor Power Systems Plc
| ||||
| b) | LEI | 213800TRXTSRGG8J2P59
| ||||
| 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 GBP 0.005 each in Proton Motor Power Systems Plc
| ||||
| Identification code | ISIN: GB00BP83GZ24 | |||||
| b) | Nature of the transaction | Sale of Ordinary Shares
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: | | ||||
| | - Aggregated volume | 50,000 | ||||
| | - Price | 3.5p | ||||
| e) | Date of the transaction | 18 March 2024 | ||||
| f) | Place of the transaction | London Stock Exchange (AIM)
| ||||
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.