REG - Clean Power Hydrogen - PDMR Dealing

Clean Power HydrogenAnnouncement

26/04/2023 15:30

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RNS Number : 5849X  Clean Power Hydrogen  26 April 2023

26 April 2023

Clean Power Hydrogen plc

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

PDMR Dealing

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 that today a total of 2,764,160 new Ordinary Shares
(the 'New Ordinary Shares') were issued pursuant to the exercise of options by
Jon Duffy, Chief Executive Officer, under the Company's Unapproved Share
Option Scheme.  In order to meet the cost of exercise as well as PAYE tax and
national insurance obligations arising as a result of this transaction, Mr
Duffy has subsequently sold 1,704,565 ordinary shares at a price of 15p per
share. The selling price has been determined based on a 5 per cent. discount
to the ten-day VWAP as calculated as at market close on 21(st) April 2023. All
of the shares that have been sold were acquired by an institutional investor.

Application has been made to the London Stock Exchange for the New Ordinary
Shares to be admitted to trading on AIM ("Admission"). Dealings in the New
Ordinary Shares are expected to commence on or around 8.00 a.m. on 27 April
2023.

Following Admission, the Company's enlarged issued share capital will comprise
268,184,127 ordinary shares with voting rights in the Company. As the Company
holds no shares in treasury, this is the total number of the voting rights in
the Company which may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest, or a change in the interest, in the share capital of the Company
under Chapter 5 of the FCA's Disclosure Guidance and Transparency Rules as
reflected in the Company's articles of incorporation.

Following the Admission of the New Ordinary Shares and subsequent sale, Mr
Duffy will have increased his interest, holding 8,439,751 ordinary shares in
the Company, representing 3.1% of the Company's enlarged issued share capital.

 

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.

The information in the below notification is disclosed in accordance with
Article 19 of the EU Market Abuse Regulation.

 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  Ordinary shares of £0.01 each

      Identification code                                          GB00BP371R64

 b)   Nature of the transaction                                    1)   Exercise of options

                                                                   2)   Sale of Shares
 c)   Price(s) and volume(s)

                                                                                    Price            Volume
                                                                   1)               £0.035           2,764,160
                                                                   2)               £0.15            1,704,565
 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price

 e)   Date of the transaction                                      1)   26 April 2023

                                                                   2)   26 April 2023
 f)   Place of the transaction                                     London Stock Exchange (AIM: CPH2)

 

 

 

 

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