Ceres Power Holdings - Grant of Long Term Incentive Plan (“LTIP”) Awards

Ceres Power Holdings

27/06/2025 11:00

RNS Number : 7716O

Ceres Power Holdings plc

27 June 2025

 

CWR.L

27 June 2025

Ceres Power Holdings plc

("Ceres Power" or "the Company")

 

Grant of Long Term Incentive Plan ("LTIP") Awards

 

Horsham, UK: Ceres Power Holdings plc (CWR.L), a leading developer of clean energy technology, confirms the grant of LTIP share options on 26 June 2025 under the Ceres Power Holdings plc Long Term Incentive Plan 2025 (the "Plan") to the following Persons Discharging Managerial Responsibilities ("PDMRs"):

 

Name
Position
No. share options granted
Philip Caldwell
Chief Executive Officer
1,250,893
Stuart Paynter
Chief Financial Officer
700,500

 

These LTIP share options are in respect of the Company's ordinary shares of 10 pence each and have a nominal value exercise price. Vesting of the options is conditional upon achieving certain challenging commercial and share price targets over their three-year performance period.  A further two-year holding period in addition to the three-year vesting period applies to these awards.

The notification of dealing forms can be found below.

This notification is made in accordance with the requirements of the UK Market Abuse Regulation.

 

Notification of dealing forms

 

1
Details of the person discharging managerial responsibilities/ person closely associated
a)
Name
Philip Caldwell
2
Reason for the notification
a)
Position/Status
PDMR
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Ceres Power Holdings plc
b)
LEI
213800N7AAHSXQUOA733
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and; (iv) each place where transaction have been conducted
a)
Description of the financial instrument,
type of instrument Identification code
Nominal value share options over Ordinary Shares of 10 pence each
ISIN:GB00BG5KQW09
b)
Nature of the transaction
Grant of Long Term Incentive Plan Awards
c)
Price(s) and volume (s)
Price(s)
Volume(s)
10p
1,250,893
d)
Aggregated information
-Aggregated volume
-Price
Aggregate Price
Aggregate Volume
Aggregate Total
10p
1,250,893
£125,089.30
e)
Date of the transaction
26 June 2025
f)
Place of the transaction
N/A


 

 

1
Details of the person discharging managerial responsibilities/ person closely associated
a)
Name
Stuart Paynter
2
Reason for the notification
a)
Position/Status
PDMR
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Ceres Power Holdings plc
b)
LEI
213800N7AAHSXQUOA733
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and; (iv) each place where transaction have been conducted
a)
Description of the financial instrument,
type of instrument Identification code
Nominal value share options over Ordinary Shares of 10 pence each
ISIN:GB00BG5KQW09
b)
Nature of the transaction
Grant of Long Term Incentive Plan Awards
c)
Price(s) and volume (s)
Price(s)
Volume(s)
10p
700,500
d)
Aggregated information
-Aggregated volume
-Price
Aggregate Price
Aggregate Volume
Aggregate Total
10p
700,500
£70,050.00
e)
Date of the transaction
26 June 2025
f)
Place of the transaction
N/A


For further information visit www.ceres.tech or contact:

Ceres Power Holdings plc
Dominic Murray (Company Secretary)
Tel: +44 (0)7526 196529
MHP Group (PR Adviser)
James McFarlane/Matthew Taylor/Hugo Harris
Tel: +44 (0)7827662831
Email:ceres@mhpgroup.com

About Ceres

Ceres is a leading developer of clean energy technology: fuel cells for power generation and electrolysers for the production of green hydrogen. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest companies, such as Doosan, Delta, Denso, Shell, Weichai and Thermax. Ceres' solid oxide technology supports greater electrification of our energy systems and produces green hydrogen at high efficiencies as a route to decarbonise emissions-intensive industries such as steelmaking, ammonia and future fuels. Ceres is listed on the London Stock Exchange ("LSE") (LSE: CWR) and is classified by the LSE Green Economy Mark, which recognises listed companies that derive more than 50% of their activity from the green economy. Read more on our website www.ceres.tech or follow us on LinkedIn.

 

 

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