Last checked at 22 Dec 2011 10:02
Press Release | 22 December 2011 |
Proton Power Systems plc
("Proton Power" or the "Company")
Grant of options
Proton Power (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems, announces that it has today granted options over ordinary shares in the capital of the Company, at an exercise price of 3 pence per share, to the following directors of the Company:
Director | No. of options | Resultant options held |
Thomas Melczer - Business Development Director | 5,000,000 | 7,500,000 |
John Wall - Chairman | 4,000,000 | 6,000,000 |
Achim Loecher - Finance Director | 2,300,000 | 3,450,000 |
Helmut Gierse - Non-executive director | 1,500,000 | 2,250,000 |
The options granted are exercisable in the event an offer on a change of control is accepted by the company in accordance with the option scheme rules (paragraphs 22.1 and 22.1.1.). Save for the above, the directors' beneficial interests remain unchanged and as previously announced.
- Ends -
For further information:
Proton Power Systems plc | |
John Wall, Chairman | Tel: +44 (0) 7802 917 615 |
Achim Loecher, FD | Tel: +49 (0) 89 127 626 550 |
www.protonpowersystems.com |
Arbuthnot Securities Limited Nomad and joint broker | |
Antonio Bossi / Tom Griffiths | Tel: +44 (0) 20 7012 2000 |
www.arbuthnotsecurities.co.uk |
Allenby Capital Limited Joint broker | |
Nick Athanas / James Reeve | Tel: +44 (0) 20 3328 5656 |
www.allenbycapital.com |
Media enquiries:
Abchurch Communications Limited | |
Henry Harrison-Topham / Jamie Hooper | Tel: +44 (0) 20 7398 7719 |
Jamie.hooper@abchurch-group.com | www.abchurch-group.com |