Clean Power Hydrogen plc Announces 2025 Awards for Long-Term Incentive Plan
Key Ideas
- Clean Power Hydrogen plc awards 8,500,000 options under the LTIP for 2025 to incentivize management.
- Options vest based on performance criteria including total shareholder return and continued employment.
- Directors and management recipients include CEO Jon Duffy and CFO James Hobson among others.
- CPH2's strategic objective is to deliver the lowest LCOH in the market for green hydrogen production.
Clean Power Hydrogen plc (CPH2), a UK-based green hydrogen technology company, disclosed awards for 2025 under its Long-Term Incentive Plan (LTIP). The LTIP includes options totaling 8,500,000 Ordinary Shares to incentivize the management team. These options will vest on 31 January 2028, subject to certain performance criteria, and have an exercise price of £0.01 per share.
The LTIP structure consists of Threshold Options and RSP Options, awarded based on total shareholder return performance and continued employment. Specific conditions determine the vesting of Threshold Options, ranging from the average share price during a specific period. Directors and management, including CEO Jon Duffy and CFO James Hobson, were granted a significant number of options.
Following the recent grants, CPH2 now has 24,146,215 shares under option, representing 6.81% of the company's issued share capital. CPH2's strategic goal is to offer a cost-effective, scalable, and sustainable solution for hydrogen production with a focus on achieving the lowest Levelized Cost of Hydrogen in the market.
The company is committed to delivering innovative technology and achieving operational excellence in the green hydrogen sector. For further details on the awards and the company's objectives, interested parties can visit CPH2's official website.
Topics
Power
Technology
Awards
Investment
Green Energy
Management
Stock Options
Performance Criteria
Incentive Plan
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