REG - Clean Power Hydrogen - 2024 Save as You Earn Scheme

Clean Power HydrogenAnnouncement

23/05/2024 07:00

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RNS Number : 5282P  Clean Power Hydrogen  23 May 2024

 

 

23 May
2024

Clean Power Hydrogen plc

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

2024 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 April 2024 all employees of the Company were invited to participate
in its HMRC compliant 'Save As You Earn' scheme (the "Scheme").

 

A total of 16 employees of the Company applied to participate in the Scheme,
resulting in the grant of options to subscribe for an aggregate of 944,257 new
Ordinary Shares in the Company (the "Options") on 22 May 2024.

 

The Options have an exercise price, calculated in accordance with the rules of
the Scheme, of 10.5 pence per Option (representing a 20% discount to the
closing mid-market price per Ordinary Share on 29 April 2024, 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 July 2027.

 

Following these option grants, the Company has 25,400,985 shares under option.
This represents, following the increase in options mentioned above, 9.47% of
the issued share capital of the Company.

 

ENDS

 

For more information, please contact:

 

 Clean Power Hydrogen plc                                via Camarco
 Jon Duffy, Chief Executive Officer
 James Hobson, Chief Financial Officer

 Cavendish Capital Markets Limited - 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 (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. CPH2 is listed on the AIM market and trades under the ticker
LON:CPH2.

 

 

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