REG - Ceres Power Holdings - Directors' Dealings
RNS Number : 3691JCeres Power Holdings plc09 April 20209 April 2020
Ceres Power Holdings plc
("Ceres Power" or the "Company")
Directors' Dealings
Ceres Power Holdings plc (AIM: CWR) announces that on the 9 April 2020, the following Person Discharging Managerial Responsibilities ("PDMR") exercised share options under the 2017 Ceres Power Holdings Plc Sharesave Plan ("Plan"), which has now matured, and retained the shares:
Phil Caldwell (CEO) 13,636.
The Plan options exercised by the PDMR were over 13,636 ordinary shares of 10p each in the Company ("Ordinary Shares") at an exercise price of 66p per share. The exercise price was set in accordance with the Plan and HMRC rules at the invitation date in 2017.
As a result of the options exercised, Mr Caldwell now holds 60,564 Ordinary Shares in 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
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
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 Sharesave Scheme and purchase of shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
66 pence
13,636
d)
Aggregated information
Price(s)
Volume(s)
66 pence
13,636
e)
Date of the transaction
9 April 2020
f)
Place of the transaction
N/A
For further information visit www.Ceres.tech or contact:
Ceres Power Holdings plc
Elizabeth Skerritt
Tel: +44 (0)1403 273 463
Investec Bank plc (Nominated Adviser and Broker to Ceres)
Jeremy Ellis / Patrick Robb / Ben Griffiths / Cassie Herlihy
Tel: +44 (0)207 597 4000
Berenberg (Joint Broker to Ceres)
Ben Wright / Mark Whitmore
Tel: +44 (0) 203 207 7800
Powerscourt (PR Adviser to Ceres)
Peter Ogden / James White
Tel: +44 (0) 20 7250 1446
About Ceres Power
Ceres is a world-leading developer of fuel cell and electrochemical technology 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 transportation, industry, data centres and everyday living. Ceres is listed on the AIM market of the London Stock Exchange ("LSE") (AIM: CWR) and was awarded the Green Economy Mark by LSE, which recognises listed companies that derive more than 50% of their revenues from the green economy.
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