Business
Grant of EMI Options
Grant of EMI Options.
About this update from Clean Power Hydrogen Plc
[{"type":"text","content":"\n\n\n19 June 2023\nClean Power Hydrogen plc\n(\"CPH2\", the \"Company\" or the \"Group)\n \nGrant of EMI Options\nClean Power Hydrogen plc (AIM: CPH2), the UK-based green hydrogen technology and manufacturing group that has developed the IP-protected Membrane-Free Electrolyser, announces the grant of options over Ordinary shares to Chief Financial Officer, James Hobson, Chief Technical Officer, Paul Cassidy and Chief Operating Officer, Arash Selahi under the Company's EMI option scheme, as set out below.\n \n\n\n\n\n\n\n\nExercise\nprice\n(£)\n\n\nReference date of Exercise price\n\n\nShares under EMI option scheme newly granted\n\n\nCurrent shareholding in Company\n\n\n\n\nJames Hobson\n\n\n0.4025\n\n\n19 July 2022\n\n\n100,000\n\n\nNil\n\n\n\n\nPaul Cassidy\n\n\n0.3100\n\n\n19 December 2022\n\n\n100,000\n\n\nNil\n\n\n\n\nArash Selahi\n\n\n0.3025\n\n\n1 December 2022\n\n\n100,000\n\n\nNil\n\n\n\n\nTotal\n\n\n\n\n\n \n\n\n300,000\n\n\n\n\n\n\n \nThese options vest after 1 year of service and have an exercise price equal to the market value at the respective date when contracts were signed by James Hobson and Paul Cassidy, and effective date of promotion in the case of Arash Selahi.\nFollowing these option grants, the Company has 21,666,557 shares under option. This represents, following the increase in options mentioned below, 8.08% of the issued share capital of the Company.\n \nThe information in this announcement is disclosed in accordance with Article 19 of the EU Market Abuse Regulation.\n \nFor more information, please contact:\n \n\n\n\nClean Power Hydrogen plc\n\n\nvia Camarco\n\n\n\n\nJon Duffy, Chief Executive Officer\nJames Hobson, Chief Financial Officer\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCenkos Securities plc - NOMAD & Broker\n\n\n\n\n\n\n\nNeil McDonald\n\n\n+44 (0)131 220 9771\n\n\n\n\nPeter Lynch\n\n\n+44 (0)131 220 9772\n\n\n\n\nAdam Rae\n\n\n+44 (0)131 220 9778\n\n\n\n\n\n\n\n\n\n\n\n\nCamarco PR\n\n\n+ 44(0) 203 757 4980\n\n\n\n\nBilly Clegg\n\n\n\n\n\n\n\nOwen Roberts\n\n\n\n\n\n\n\nLily Pettifar\n\n\n\n\n\n\n \nNotes to Editors\nCPH2 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...