REG - Ceres Power Holdings - Director’s Dealings
RNS Number : 2088TCeres Power Holdings plc23 March 202123 March 2021
Ceres Power Holdings plc (AIM:CWR)
Director's Dealings
Ceres Power Holdings plc (the "Company"), a global leader in fuel cell and electrochemical technology, announces the following share transactions carried out by certain Non-Executive Directors and persons discharging managerial responsibilities (PDMRs) which took effect on 22 March 2021, acquired as part of the Company's successful fund raise as announced on 18 March 2021.
The following Directors and PDMRs participated in the fundraise:
Shareholding before transaction
Number of 10p ordinary shares acquired
Current shareholding
Current shareholding
(%)
Warren Finegold
5,004
5,000
10,004
0.01%
Stephen Callaghan
139,919
9,433
149,352
0.08%
Uwe Glock
0
4,000
4,000
0.00%
Caroline Hargrove
0
943
943
0.00%
Aidan Hughes
26,520
5,000
31,520
0.02%
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
Non-Executive Director, Senior Independent 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
Purchase of new shares
c)
Price(s) and volume(s)
Purchase price
Volume
1060 pence
9,433
d)
Aggregated information
Purchase price
Volume
1060 pence
9,433
e)
Date of the transaction
22 March 2021
f)
Place of the transaction
N/A
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Warren Finegold
2
Reason for the notification
a)
Position/status
Non-Executive Director, Chairman
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
Purchase of new shares
c)
Price(s) and volume(s)
Purchase price
Volume
1060 pence
5,000
d)
Aggregated information
Purchase price
Volume
1060 pence
5,000
e)
Date of the transaction
22 March 2021
f)
Place of the transaction
N/A
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Uwe Glock
2
Reason for the notification
a)
Position/status
Non-Executive 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
Purchase of new shares
c)
Price(s) and volume(s)
Purchase price
Volume
1060 pence
4,000
d)
Aggregated information
Purchase price
Volume
1060 pence
4,000
e)
Date of the transaction
22 March 2021
f)
Place of the transaction
N/A
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Caroline Hargrove
2
Reason for the notification
a)
Position/status
Non-Executive 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
Purchase of new shares
c)
Price(s) and volume(s)
Purchase price
Volume
1060 pence
943
d)
Aggregated information
Purchase price
Volume
1060 pence
943
e)
Date of the transaction
22 March 2021
f)
Place of the transaction
N/A
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Aidan Hughes
2
Reason for the notification
a)
Position/status
Non-Executive 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
Purchase of new shares
c)
Price(s) and volume(s)
Purchase price
Volume
1060 pence
5,000
d)
Aggregated information
Purchase price
Volume
1060 pence
5,000
e)
Date of the transaction
22 March 2021
f)
Place of the transaction
N/A
- Ends -
For further information, please contact:
Ceres Power Holdings plc
Patrick Yau/ Elizabeth Skerritt
Tel: +44 (0)7884 654 179/
+44 (0)7932 023 283
Investec Bank PLC (NOMAD & Joint Broker)
Jeremy Ellis / Patrick Robb / Ben Griffiths
Tel: +44 (0)207 597 5970
Berenberg (Joint Broker)
Ben Wright / Mark Whitmore
Tel: +44 (0)203 207 7800
Madano (Financial PR)
Michael Evans / Hoda Awad
Tel: +44 (0) 20 7593 4000
About Ceres Power
Ceres is a world-leading developer of solid oxide electrochemical technology for applications in fuel cells and hydrogen that enables its partners to deliver clean energy at scale and speed. Its asset-light, licensing model has seen it embed its technology in some of the world's most progressive companies - such as Weichai in China, Bosch in Germany, Miura in Japan, and Doosan in South Korea - to develop systems and products that address climate change and air quality challenges for power generation, transportation and industrial applications. Ceres is listed on the AIM market of the London Stock Exchange ("LSE") (AIM: CWR.L) and was awarded the Green Economy Mark by the LSE, which recognises listed companies that derive more than 50% of their revenues from the green economy.
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