REG - Ceres Power Holdings - Exercise of options, PDMR dealing

Ceres Power HoldingsAnnouncement

08/06/2022 07:00

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RNS Number : 0523O  Ceres Power Holdings plc  08 June 2022

8 June 2022

Ceres Power Holdings plc (AIM: CWR)

("Ceres Power" or the "Company")

 

Exercise of options, PDMR dealing

Ceres Power Holdings plc (the "Company"), a global leader in fuel cell and
electrochemical technology, announces the following share transactions carried
out by certain Directors and persons discharging managerial responsibilities
(PDMRs) on 7 June 2022.

Phil Caldwell (Chief Executive Officer) exercised share options under the
Ceres Power Sharesave Scheme and retained the shares.  Mark Selby (Chief
Innovation Officer) exercised share options under the Ceres Power Sharesave
Scheme and sold the resulting shares. Details of these exercises are set out
in the table below:

                Options exercised            Shares sold           Weighted average exercise price  Sale price  Options remaining after exercise  Current shareholding
 Phil Caldwell  7,109              0                               126.60p                                      1,568,277                         67,673
 Mark Selby     14,218             14,218                          126.60p                          661.90p     373,987                           39,909

 

Total Voting Rights

 

As at 7 June 2022, the Company's issued share comprised 191,465,996 Ordinary
Shares, with one voting right per share. The Company does not hold any
Ordinary Shares in treasury. The total number of Ordinary Shares and voting
rights in the Company is therefore 191,465,996.

 

This figure may be used by shareholders in the Company as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, the share capital 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                                                         Phil 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  Nominal value options over 10p ordinary shares

      Identification code

                                                                   ISIN GB00BG5KQW09
 b)   Nature of the transaction                                    Exercise of Share Options under the Ceres Power Sharesave Scheme
 c)   Price(s) and volume(s)                                       Exercise Price(s)  Volume(s)  Sales Price(s)
                                                                   126.6 pence        7,109      n/a
 d)   Aggregated information                                       Exercise Price(s)  Volume(s)  Sales Price(s)
                                                                   126.6 pence        7,109      n/a
 e)   Date of the transaction                                      7 June 2022
 f)   Place of the transaction                                     N/A

d)

Aggregated information

 Exercise Price(s)  Volume(s)  Sales Price(s)
 126.6 pence        7,109      n/a

e)

Date of the transaction

7 June 2022

f)

Place of the transaction

N/A

 

  1   Details of the person discharging managerial responsibilities/person closely
      associated
 a)   Name                                                         Mark Selby
 2    Reason for the notification
 a)   Position/status                                              Chief Innovation Officer, 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 transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Nominal value options over 10p ordinary shares

      Identification code

                                                                   ISIN GB00BG5KQW09
 b)   Nature of the transaction                                    Exercise and sale of Share Options under the Ceres Power Sharesave Scheme
 c)   Price(s) and volume(s)                                       Exercise Price(s)  Volume(s)  Sales Price(s)
                                                                   126.6 pence        14,218     661.90 pence
 d)   Aggregated information                                       Exercise Price(s)  Volume(s)  Sales Price(s)
                                                                   126.6 pence        14,218     661.90 pence
 e)   Date of the transaction                                      7 June 2022
 f)   Place of the transaction                                     N/A

d)

Aggregated information

 Exercise Price(s)  Volume(s)  Sales Price(s)
 126.6 pence        14,218     661.90 pence

e)

Date of the transaction

7 June 2022

f)

Place of the transaction

N/A

 

- Ends -

 

 

 

For further information, please contact:

 

 Ceres Power Holdings plc

 Elizabeth Skerritt                                  Tel: +44 (0)7932 023283

 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

 FTI Consulting (Financial PR)

 Dwight Burden                                       Tel:+44 (0)203 727 1000

                                                     Email: ceres_power@fticonsulting.com

 

 

Notes to Editors:

 

About Ceres Power

Ceres is a world-leading developer of electrochemical technologies: fuel cells
for power generation, electrolysis for the creation of green hydrogen and
energy storage. Its asset-light, licensing model has seen it establish
partnerships with some of the world's largest engineering and technology
companies, such as Weichai in China, Bosch in Germany, Miura in Japan, and
Doosan in Korea, to develop systems and products that address climate change
for power generation, transportation, industry, data centres and everyday
living.  Ceres is listed on the AIM market of the London Stock Exchange
("LSE") (AIM: 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.

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