REG - Proton Motor Power - Directorate Change

Proton Motor Power SystemsAnnouncement

28/10/2024 13:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241028:nRSb9040Ja&default-theme=true

RNS Number : 9040J  Proton Motor Power Systems PLC  28 October 2024

28 October 2024

 

Proton Motor Power Systems plc

("Proton Motor" or the "Company")

 

Directorate change

 

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 Manfred Limbrunner is no longer Director
of Proton Motor with immediate effect.

 

As announced on 23 September 2024, all employees based at the Company's
Puchheim office were informed of the intention to terminate their contracts at
the end of the requisite notice period under German law and/or as envisaged by
their contracts of employment. It is not intended that the Company will seek
to replace Mr Limbrunner on the Board of Proton Motor until such time that the
future financing of the Company has been determined. The directors of Proton
Motor continue to seek alternative sources of finance to continue to operate
beyond 31 December 2024 and will provide further updates in due course.

 

 

Dr. Faiz Nahab, CEO of Proton Motor, said:

 

"The Board cordially thanks Manfred Limbrunner for his years of extremely
valuable contributions to the Company."

 

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 /

 Charlie Denley-Myerson

 

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 heavy-duty, 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).

 

 

 

 

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.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOABDBDGLUDDGSI