28th Jun 2024 11:20
Proton Motor Power Systems PLC - London-based designer and producer of hydrogen fuel cells and hydrogen fuel cell electric hybrid systems - Enters new EUR12 million loan facility with Falih Nahab. Explains that this facility has been provided on the same terms as the existing EUR77.5 million loan facility with Nahab, with an interest rate of 12-months Euro Interbank Offered Rate, plus 3%. The itnerest can be settled once or twice yearly by way of share issue. The principal amount of the facility is repayable on December 31, 2025.
Current stock price: 2.19 pence
12-month change: down 75%
By Holly Beveridge, Alliance News senior reporter
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