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IN BRIEF: Proton Power Investor Converts Part Of Loan To Stock

8th Jul 2020 15:07

Proton Motor Power Systems PLC - hydrogen fuel cells - Says Falih Nahab converts part of loan into 40.0 million Proton Power shares at 2 pence each, GBP800,000 in total. Nahab now holds 28% stake in Proton. Company adds Nahab plans to use proceeds to "provide further financing".

Current stock price: 76.90 pence

Year-to-date change: up more than threefold from 23.50p

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.


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