REG - Ceres Power Holdings - Director/PDMR Shareholding <Origin Href="QuoteRef">CWR.L</Origin>
RNS Number : 6301TCeres Power Holdings plc09 January 20179 January 2017
This information includes inside information.
Ceres Power Holdings plc
("Ceres Power" or the "Company")
Grant of Share Options under the Sharesave Scheme
Ceres Power Holdings plc (AIM: CWR) announces the grant of options on 6 January 2017 under the Ceres Power Sharesave Scheme (the "Scheme"). The Scheme is an 'all employee share scheme' which is available to all employees subject to qualifying conditions, which was approved by the HM Revenue & Customs, and which was introduced to encourage wider employee share ownership of the Company.
Options to purchase a total of 2,271,803 ordinary shares of 1 pence of the Company ("Ordinary Shares") have been granted. These options will be exercisable between 1 February 2020 and 31 July 2020 at an exercise price of 6.6p per share.
Included in the above is a grant to Phil Caldwell, the Company's Chief Executive Officer, who has been granted an option to purchase 136,363 Ordinary Shares. Following this grant, Phil Caldwell now holds options over 22,995,008 Ordinary Shares.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Philip Caldwell
2
Reason for the notification
a)
Position/status
Chief Executive Officer, Director
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
N/A
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 transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Sharesave options over 1p ordinary shares
ISIN GB00B0351429
b)
Nature of the transaction
Grant of Share Options under the Sharesave Scheme
c)
Price(s) and volume(s)
Price(s)
Volume(s)
6.6 pence
136,363
d)
Aggregated information
Price(s)
Volume(s)
6.6 pence
136,363
e)
Date of the transaction
6 January 2017
f)
Place of the transaction
N/A
For further information, please contact:
Ceres Power Holdings plc
Dan Caesar, Communications & Marketing Director
Tel: +44 (0)1403 273 463
Zeus Capital (Nominated Adviser and Broker)
Phil Walker/Andrew Jones
Tel: +44 (0) 20 3829 5000
Tavistock
Mike Bartlett/James Collins
Tel: +44 (0) 20 7920 3150
Notes to Editors:
About Ceres Power
Ceres Power (http://www.cerespower.com/) is a world leading developer of low cost, next generation fuel cell technology for use in decentralised energy products that reduce operating costs, lower CO2 emissions, increase efficiency and improve energy security. Ceres Power's unique patented SteelCell technology operates on mains natural gas and is manufactured using standard manufacturing processes and conventional materials such as steel, meaning that it can be mass produced at an affordable price for domestic and business use.
www.cerespower.com
This information is provided by RNSThe company news service from the London Stock ExchangeENDDSHGLGDBRUGBGRC
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