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Proton Motor Power - PPS Director/PDMR Shareholding
Released 07:00 24-Feb-2020
RNS Number : 8145D
Proton Motor Power Systems PLC
24 February 2020
24 February 2020
Proton Motor Power Systems plc
("Proton" or the "Company")
Holding in Company and Director dealing
Proton Motor Power Systems plc (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems with a zero- carbon footprint, announces that it has been informed that, on 19 February 2020, SFN Cleantech Investment Ltd ("SFN"), a company in which Dr Faiz Nahab, CEO of the Company, has a 2% interest in the issued share capital, sold 812,908 ordinary shares in Proton ("Ordinary Shares") on the Frankfurt Stock Exchange at an average price of EUR 0.50 per Ordinary Share and 138,723 Ordinary Shares on the London Stock Exchange at an average price of GBP 0.41 per Ordinary Share.
On 20 February 2020, 252,142 Ordinary Shares were sold on the Frankfurt Stock Exchange at an average price of EUR 0.50 per Ordinary Share and 175,000 Ordinary Shares were sold on the London Stock Exchange at an average price of GBP 0.41 per Ordinary Share.
Following the above transactions SFN holds 589,596,716 Ordinary Shares representing 87.79 per cent of the Company's issued share capital.
For further information:
Proton Motor Power Systems plc
Dr Faiz Nahab, CEO
Helmut Gierse, Chairman
Sebastian Goldner, COO/CTO | |
Roman Kotlarzewski, CFO | Tel: +49 (0) 173 189 0923 |
Manfred Limbrunner, Director Sales and Marketing | |
www.protonpowersystems.com | |
Shore Capital | |
Nominated adviser and broker | |
Antonio Bossi / David Coaten | Tel: +44 (0) 20 7408 4050 |
www.shorecap.co.uk |
About Proton Motor Fuel Cell GmbH
Proton Motor has more than 20 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 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 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 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).
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.comor visit www.rns.com.
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Director/PDMR Shareholding - RNS
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Proton Motor Power Systems plc published this content on 24 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2020 13:21:12 UTC