Proton Motor Power Systems Share Discussion Threads

[uk2day] 24/7/2020 11:18

Ditto!👍

[volsung] 24/7/2020 09:00

Had to buy some at 57.75

[jpuff] 20/7/2020 10:46

And how many additional shares being issued would that equate to at 2p each?

[jpuff] 20/7/2020 10:45

Good question! Does anyone here have the answer otherwise it prudent to assume yes as the answer as regards the Principal

[velvetide] 17/7/2020 13:38

It appears from the announcement on 8th July that £800,000 of loan interest was converted into shares at a conversion rate of 2p resulting in 40 million new shares being issued. Anyone know if there is a similar conversion rate for the principal, i.e., not just the interest ?

[ny boy] 09/7/2020 08:54

Excellent progress since the days in the 20/30p’s, when I was getting bashed by stalker boy!

Stay long for rewards later down the line, will check back in Q4 on further progress

[tenapen] 08/7/2020 08:09

All good :-)

[bloomberg2] 08/7/2020 07:58

Vote of confidence RNS ! Hopefully contract RNS soon

[skinny] 08/7/2020 07:04

.

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 Mr Falih Nahab has requested the conversion of part of the interest matured on loans provided by him into 40,000,000 ordinary shares of 1 penny each in Proton ("Ordinary Shares"). The conversion price is 2p per Ordinary Share and the interest converted therefore has a value of £800,000.

Application has been made for the admission to AIM of the 40,000,000 Ordinary Shares resulting from the above loan conversion. Admission to trading on AIM of the new Ordinary Shares is expected to take effect on or around 14 July 2020 ("Admission").

Mr Falih Nahab has indicated that he intends to use any proceeds from a sale of these Ordinary Shares to provide further financing to the Company; further announcements will be made as appropriate.

As a result of this loan conversion, Mr Falih Nahab's interest in the share capital of Proton will comprise 165,015,672 Ordinary Shares held indirectly via his 28 per cent. interest in SFN Cleantech Investment Ltd and 42,464,981 Ordinary Shares held directly by him representing respectively 23.19 per cent. and 5.97 per cent. of the Company's issued share capital.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise 711,617,072 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

[bloomberg2] 07/7/2020 17:14

Hydrogen's Role in Europe's Future Becomes a Little Clearer https://www.bloomberg.com/news/articles/2020-07-07/hydrogen-s-role-in-europe-s-future-becomes-a-little-clearer

[bloomberg2] 07/7/2020 13:44

https://twitter.com/protonmotor/status/1280481847512891393?s=21

[volsung] 07/7/2020 10:49

Dis good. I like

[bloomberg2] 07/7/2020 09:36

Housing association contract of over £6 million could easily be expanded ?That could really take off !!

[ggibbs9880] 07/7/2020 09:09

Does anybody know other than the JCB contract, what other significant contracts do they have on the go/in the pipeline?

[danielinnes74] 07/7/2020 08:34

Sold half again just pre close last night. Think too early this time but having bought backs few at 51p or so good to lock in more profit. Rarely I trade anything so often but do well here for some reason. Going to hold balance up to £1 or so or rebuy on any dips below 60p

[bloomberg2] 07/7/2020 08:17

Their running on the pitch now!!

[plumbertrade] 07/7/2020 08:15

Unbelievable scenes Geoff!

[bloomberg2] 07/7/2020 08:12

1966 ...it is now !!!

[skinny] 07/7/2020 08:11

Not quite - but getting there.

[bloomberg2] 07/7/2020 08:06

All time high !!!

[tenapen] 06/7/2020 17:10

Fantastic :-0

[volsung] 06/7/2020 15:24

Nice breakout?

[bloomberg2] 06/7/2020 15:18

Pump pump !!!!

[bloomberg2] 06/7/2020 15:18

JCB collaboration should see it go much higher !!

[scoble2] 06/7/2020 14:42

100p by Friday