Proton Motor Chairman Sells Shares for Tax Liabilities

Proton Power Systems (GB:PPS) has released an update.

Proton Motor Power Systems’ Non-Executive Chairman, Helmut Gierse, sold 550,000 shares at an average price of 3.1 pence each to cover tax liabilities, leaving him with a 0.61% stake in the company. This move comes after Proton Motor, a hydrogen fuel cell technology firm, had previously announced the receipt of shares by Gierse. The company specializes in zero-carbon emission fuel cell and hybrid systems for various applications.

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