PPS

Proton Motor Power Systems Plc

9.75
0.25 (2.63%)
Share Name Share Symbol Market Type Share ISIN Share Description
Proton Motor Power Systems Plc LSE:PPS London Ordinary Share GB00BP83GZ24 ORD 0.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.25 2.63% 9.75 8,627 08:00:00
Bid Price Offer Price High Price Low Price Open Price
9.50 10.00 9.75 9.75 9.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Elec Indl Apparatus, Nec 2.77 603.31 38,948.00 0.51 302.00
Last Trade Time Trade Type Trade Size Trade Price Currency
08:31:28 O 275 9.605 GBX

Proton Motor Power Systems (PPS) Latest News

Proton Motor Power Systems (PPS) Discussions and Chat

Proton Motor Power Systems Forums and Chat

Date Time Title Posts
12/5/202320:16Proton Motor Fuel Cell GmbH408
30/12/202118:45PROTON MOTOR is CleanTech " Made in Germany"19
15/11/202116:29Proton Power Systems....German Fuel Cell Developer1,226
14/1/202108:09Proton Motor Power Systems PLC70
21/11/201314:41Proton Power Systems - Powering Future Transport647

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Proton Motor Power Systems (PPS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
07:31:299.6127526.41O
07:08:079.6136835.35O
07:04:009.617,984766.86O

Proton Motor Power Systems (PPS) Top Chat Posts

Top Posts
Posted at 05/5/2023 09:39 by barony
How long does it take to build these? Does it take so long, or is that Shell’s timescale? If it is so slow, pps will struggle to grow.
Posted at 05/5/2023 07:02 by skinny
https://uk.advfn.com/stock-market/london/proton-motor-power-systems-PPS/share-news/Proton-Motor-Power-Systems-PLC-New-order-from-Shel/90967670
Posted at 21/2/2023 07:02 by skinny
https://uk.advfn.com/stock-market/london/proton-motor-power-systems-PPS/share-news/Proton-Motor-Power-Systems-PLC-Customer-system-int/90287864




Customer system integration and MoU

Proton Motor (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems with a zero-carbon footprint, is pleased to provide an update on the deployment of the Company's fuel cell systems by a customer.

On 6 September 2022, the Company announced that it had delivered three of its emission-free HyFrame(R) S36 systems to WILO SE ("Wilo") for use in Wilo's H Powerplant, located at its headquarters "Wilopark" in the south of Dortmund. The Company has now been informed that the HyFrame(R) S36 systems have been integrated into the H Powerplant.

H Powerplant is an innovative hydrogen plant that enables the production of green energy from renewable resources. This supports a transition to sustainable energy for industrial companies in the context of the Paris climate protection goals and to achieve energy self-sufficiency.

Following the successful delivery and integration of the three HyFrame(R) S36 systems, Proton Motor and Wilo have entered into a Memorandum of Understanding ("MoU") to cooperate on decentralised and decarbonised energy supply. The MoU provides for the definition of topics and tasks in climate-neutral infrastructure projects for the production and use of green hydrogen, with Wilo acting as a general contractor. Proton Motor expects to derive synergies from Wilo's extensive distribution network and contacts. The MoU also envisages the identification of eco-friendly product applications complementing the respective existing or future brand portfolios.

As an exhibit for the upcoming ISH 2023 trade fair in Frankfurt, taking place in March, Wilo has ordered another HyFrame (R) S36 system from Proton Motor. ISH 2023 is the leading trade fair for heating, ventilation, air-conditioning and water.

The demand for the Company's quality fuel cell systems - the S21, S28, S36 and S43 ranging from 21 kW to 43 kW - remains strong. In addition, the Company is identifying new use cases for the systems. For example, in 2021 three HyFrame(R) S36 systems were arranged in a mobile containerised power plant, HyShelter(R) 240 for Shell and, in 2022, the emergency power supply for the Swiss road tunnel Neuenhof Tunnel, in the canton of Aargau, was secured by a HyFrame(R) S28 unit.

Posted at 08/2/2023 10:15 by maxplus2
ITM, AFC are up except PPS. Very disappointing
Posted at 31/1/2023 14:55 by maxplus2
New order for PPS.
Posted at 26/1/2023 07:01 by skinny
https://uk.advfn.com/stock-market/london/proton-motor-power-systems-PPS/share-news/Proton-Motor-Power-Systems-PLC-New-order-from-UMST/90060997

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, is pleased to announce that it has received an order from UMSTRO GmbH ( " UMSTRO " ) for 18 " HyModule(R) S8 " hydrogen fuel cell systems .

The HyModule(R) S8 system is an emission-free high-tech product from the Company's Hy-brand portfolio for stationary applications and will be integrated by UMSTRO into various projects for use in emergency power and combined heat and power applications. Of the eighteen systems ordered, two systems of 8.4kW each are intended for the municipal housing company Euskirchener Baugesellschaft mbH, with which UMSTRO is developing a new energy self-sufficient multi-family house. An additional ten units are intended for use as decentralised and decarbonised energy supply solutions and the remaining six systems are to be produced for stock.

UMSTRO ( www.umstro.com ) is a specialist in modular energy cells for sustainable power generation from renewable energies with state-of-the-art hydrogen storage solutions and an existing customer of the Company. In 2021, Proton manufactured a HyModule(R) S8 system for integration into UMSTRO's innovative energy trailer, formally known as the "Mobile Solar FuelCell Aggregate".

The Company anticipates that the systems will be provided to UMSTRO throughout 2023 and into 2024.

Posted at 16/1/2023 15:48 by maxplus2
Investor Relations of PPS need to be proactive.
Posted at 07/12/2021 14:40 by skinny
Proposed waiver of conversion rights & share split.

https://uk.advfn.com/stock-market/london/proton-motor-power-systems-PPS/share-news/Proton-Motor-Power-Systems-PLC-Proposed-waiver-of/86747092




Proposed waiver of conversion rights and share subdivision

Proton Motor Power Systems plc (AIM: PPS), Europe's leading designer, developer and producer of fuel cells and electric hybrid systems with a zero-carbon footprint, is pleased to announce that it has entered into an agreement with the Company's largest shareholders and lenders with the objective of eliminating all and any potential future dilution effects arising from the Company's current financing structure. In addition, the Company is proposing to implement a share subdivision of each existing ordinary share into two new ordinary shares (together, the "Proposals").

Waiver of conversion rights on debt facilities

On 7 December 2021, Proton Motor entered into a waiver agreement with SFN CleanTech Investment Ltd ("SFN") and Mr Falih Nahab (the "Agreement") pursuant to which and subject to the passing of a share subdivision resolution at a general meeting to be convened shortly (the "General Meeting"), they will each waive all the existing conversion rights which they hold over the existing ordinary shares of 1p each in the Company ("Ordinary Shares").

SFN and Mr Falih Nahab are the Company's two largest shareholders and providers of finance to the Company through the following debt facilities:

-- a EUR26.1 million loan facility with SFN (the "SFN Facility"); and
-- a EUR50.7 million loan facility with Falih Nahab (the "Falih Nahab Facility") (together, the "Debt Facilities").

The principal amounts of the Debt Facilities are not convertible and are repayable on 31 December 2025. SFN and Falih Nahab currently have the right to convert interest accrued up to 30 June 2020 on the Debt Facilities, comprising approximately GBP15.7 million, at 2 pence per Ordinary Share into 786,218,749 new Ordinary Shares, representing 102% of the existing issued ordinary share capital of the Company. Pursuant to the Agreement and subject to the approval of the Subdivision by shareholders in a general meeting, these conversion rights will be waived and the interest accrued of approximately GBP15.7 million, together with interest accrued and accruing since 1 July 2020, will be rolled up and repaid on 31 December 2025.

Subdivision

In order to facilitate the Agreement, the Company has also agreed to propose the subdivision (the "Subdivision") of each existing Ordinary Share of 1p each into two new ordinary shares of 0.5p each (the "New Ordinary Shares"). The Subdivision will require the approval of shareholders in a general meeting and the Company will shortly publish a circular providing further details on the Subdivision and a notice convening the general meeting. A further announcement will be made at that time.

Share transfer

The Company has been advised by SFN that it intends to transfer, for nil consideration, up to 320 million New Ordinary Shares following completion of the Subdivision to Mr Falih Nahab, subject to completion of the Subdivision and subject to the Takeover Panel confirming that such a transfer would not trigger any obligation on SFN and/or Falih Nahab to make a mandatory offer to the independent shareholders under Rule 9 of the Takeover Code.

As Mr Falih Nahab is also a substantial shareholder in SFN, SFN and Falih Nahab are deemed to be acting in concert under the Takeover Code (the "SFN Concert Party"). The Agreement, the Subdivision and the proposed transfer will not change the aggregate percentage holding of the members of the SFN Concert Party over the Company's share capital.

Effect of the Proposals on the Company

Following completion of the proposed Agreement and Subdivision, SFN and Mr Falih Nahab would no longer hold any conversion rights over the New Ordinary Shares and, as announced on 2 November 2020, interest on the Debt Facilities since 1 July 2020 is charged at 12 months LIBOR plus 3% and no longer carries any conversion rights. As at 30 November 2021, the aggregate principal debt and accrued interest under the Debt Facilities amounted to EUR93.5 million.

In addition, the waiver of convertible rights over the accrued interest up to 30 June 2020 will eliminate the requirement to record movements on the embedded derivative in the balance sheet. The effect of this is that the embedded derivative on convertible interest liability position in the balance sheet as at 31 December 2020, amounting to GBP609.2 million, will be reversed in the accounts. in its entirety. This will result in a one-off non-operating non-cash gain for the respective financial year in which the Waiver takes effect.

Subject to shareholder approval, the Subdivision will result in shareholders holding two New Ordinary Shares for each existing Ordinary Share they held immediately prior to the Subdivision. Following the Subdivision, while each shareholder will hold two times as many ordinary shares than held before, each shareholder's proportionate interest in the share capital of the Company will remain unchanged. It is only the number of ordinary shares in issue which will have changed as a result of the Subdivision, and, other than this, each New Ordinary Share, will carry the same rights and entitlements as set out in the Company's Articles of Association that currently attach to the existing Ordinary Shares. The New Ordinary Shares will rank equally with one another. No fractional entitlements will be created by the Subdivision.

Following the Subdivision, and assuming no further Ordinary Shares are issued, the Company's share capital would consist of 1,548,740,548 New Ordinary Shares.

Proton Motor extends its gratitude to SFN and Mr Falih Nahab for agreeing to implement the Proposals for no consideration, which are expected to have the following positive consequences for Proton Motor shareholders:

-- to eliminate all and any potential future dilution effects to shareholders arising from the current financing structure which will also ensure that there remains a sufficient free float in the New Ordinary Shares for the Company's continued admission to trading on AIM;

-- to eliminate the embedded derivative liability balance from the Company's balance sheet; and

-- the Directors believe that the Subdivision will result in improved liquidity in the Company's shares.

Related Party Transaction

Mr. Falih Nahab is indirectly, via SFN, a substantial shareholder (as defined in the AIM Rules for Companies) of the Company and, therefore both Mr. Falih Nahab and SFN, which is a lso a substantial shareholder, are related parties of the Company. The entry into the Agreement is therefore classified as a transaction with a related party for the purposes of the AIM Rules for Companies.

In accordance, therefore, with the AIM Rules for Companies, the directors of the Company, with the exclusion of Dr. Faiz Nahab, the Company's Chief Executive, who is the brother of Mr. Falih Nahab and a shareholder in SFN, having consulted with the Company's nominated adviser, Allenby Capital, consider that the terms of the Agreement are fair and reasonable insofar as the Company's shareholders are concerned.

A further announcement will be provided once the notice of General Meeting is posted to shareholders.

Posted at 02/10/2021 09:18 by staffchief
The PPS share price seems falling in a big way day by day but there seems nothing wrong over the last few weeks. So can anyone share any thoughts?
Posted at 13/5/2021 20:57 by tenapen
Daltry,
As your last post was incorrect in every point you make. At least your consistent. It is not just the pps share price that has fallen, if it was I would share your concern. Look around then breath easy.

I hold k40+ shares from a low of mid 20s up to 107p. I have never sold a pps share ( Dh'o ) and from being well in profit I and now in the red. Prices go high and fall back, that's shares for you. If you have a desk job ! It's possible to keep an eye on prices and react. My job is manual and so not a option. My investment style is to pick a company and drip feed money over many years. Of the seven companies I hold, I have held four of them for over a decade. Not bad considering everyone's a day trader now a days.

I am still bullish on the clean energy revolution and we are just at the start imho. No need to panic and I will continue to drip feed my small top-ups into pps and two others when funds allow.

Always do your own research, and never gamble more than you can afford to loose.

Good luck, All

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