Business
Save As You Earn Scheme
Save As You Earn Scheme.
About this update from Clean Power Hydrogen Plc
[{"type":"text","content":"\n \n \n \n 8 February 2023\n \n \n \n \n \n \n \n \n \n Clean Power Hydrogen Plc\n \n \n \n \n (\"CPH2\", the \"Company\" or the \"Group\")\n \n \n \n \n \n \n \n \n \n Save As You Earn Scheme\n \n \n \n \n \n \n \n \n CPH2, the UK-based green hydrogen technology and manufacturing company that has developed the IP-protected Membrane-Free Electrolyser (\"MFE\"), announces that, on 3 November 2022, it implemented an HMRC compliant 'Save As You Earn' scheme which was made available to all employees of the Company (the \"Scheme\").\n \n \n \n \n \n A total of 32 employees of the Company, including two of the Company's 'persons discharging managerial responsibility' (\"PDMRs\"), applied to participate in the Scheme, resulting in the grant of options to subscribe for an aggregate of 590,030 new Ordinary Shares in the Company (the \"Options\") on 3 November 2022.\n \n \n \n \n \n The Options have an exercise price, calculated in accordance with the rules of the Scheme, of 31.94 pence per Option (representing a 20% discount to the average closing mid-market price per Ordinary Share on 3, 4 and 5 October 2022, being the three days 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 17 November 2025.\n \n \n \n \n \n Pursuant to the Scheme, the following PDMRs applied to participate in the Scheme and have been granted Options in the amounts shown below.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Options granted\n \n \n \n \n \n \n Jon Duffy, Chief Executive Officer\n \n \n \n \n 28,177\n \n \n \n \n \n \n Arash Selahi, Chief Operating Officer\n \n \n \n \n 22,542\n \n \n \n \n \n \n \n \n \n The notifications below provide further details in relation to the grant of Options to the PDMRs listed above.\n \n \n \n \n \n \n For more information, please contact:\n \n \n \n \n \n \n \n \n \n \n \n \n \n Clean Power Hydrogen Plc\n \n \n \n \n \n via Camarco\n \n \n \n \n \n \n Jon Duffy, Chief Executive Officer\n \n \n \n \n \n \n \n \n \n \n \n \n \n James Hobson, Chief Financial Officer\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Cenkos Securities plc - NOMAD & Broker\n \n \n \n \n \n \n ...