REG - Ceres Power Holdings - Director's Dealing
RNS Number : 1513KCeres Power Holdings plc11 December 201811 December 2018
Ceres Power Holdings plc
("Ceres Power" or the "Company")
Director's Dealing
Ceres Power Holdings plc (AIM: CWR) announces that today, 11 December 2018, Stephen Callaghan, Non-Executive Director, exercised share options under the Ceres Power 2004 Employees Share Option Scheme, and retained the shares.
The share options exercised by Mr Callaghan related to 150,000 ordinary shares of 10p each in the Company ("Ordinary Shares") at an exercise price of 98.75 pence per share, increasing his shareholding to 556,279 Ordinary Shares, representing approximately 0.41 per cent. of the issued Ordinary Shares of the Company.
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
Stephen Callaghan
2
Reason for the notification
a)
Position/status
Senior Independent Director, 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
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 transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
10p ordinary shares
ISIN GB00BG5KQW09
b)
Nature of the transaction
Exercise of Share Options under the Ceres Power 2004 Employees Share Option Scheme and purchase of shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
98.75 pence
150,000
d)
Aggregated information
Price(s)
Volume(s)
98.75 pence
150,000
e)
Date of the transaction
11 December 2018
f)
Place of the transaction
N/A
- Ends -
For further information, please contact:
Ceres Power Holdings plc
Richard Preston, CFO
Tel: +44 (0)1403 273 463
Zeus Capital (Nominated Adviser and Broker)
Andrew Jones / Dom King
Tel: +44 (0) 20 3829 5000
Berenberg (Joint Broker)
Ben Wright / Mark Whitmore / Laure Fine
Tel: +44 (0) 203 207 7800
Powerscourt
Peter Ogden/ Niall Walsh
Tel: +44 (0) 20 7250 1446
Notes to Editor:
About Ceres Power
Ceres Power is a world leader in low cost, next generation fuel cell technology for use in distributed power products that reduce operating costs, lower CO2, SOx and NOx emissions, increase efficiency and improve energy security. The Ceres Power unique patented SteelCell® technology generates power from widely available fuels at high efficiency and is manufactured using standard processing equipment and conventional materials such as steel, meaning that it can be mass produced at an affordable price for domestic and business use. Ceres Power offer its partners the opportunity to develop power systems and products using its unique SteelCell® technology and know-how, combined with the opportunity to supply the SteelCell® in volume through its manufacturing partners. For further information please visit: http://www.cerespower.com/
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