REG - Ceres Power Holdings - Grant of Long Term Incentive Plan Awards
05/05/2023 10:30
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RNS Number : 5882Y Ceres Power Holdings plc 05 May 2023
5 May 2023
Ceres Power Holdings plc
("Ceres Power" or "the Company")
Grant of Long Term Incentive Plan ("LTIP") Awards
Ceres Power Holdings plc (the "Company") announces the grant of LTIP share
options on 4 May 2023 under the Ceres Power Holdings plc Long Term Incentive
Plan (the "Plan") to the following Persons Discharging Managerial
Responsibilities ("PDMRs"):
Name Position No. share options granted
Philip Caldwell CEO 227273
Eric Lakin Chief Financial Officer 142857
Anthony Cochrane Chief Commercial Officer 116883
Caroline Hargrove Chief Technology Officer 81818
Mark Garrett Chief Operating Officer 81818
Deborah Grimason General Counsel and Company Secretary 77922
Clarissa de Jager Chief of IP 31169
Michelle Traynor People Director 30682
Mark Selby Chief Innovation Officer 28052
These LTIP share options are in respect of the Company's ordinary shares of 10
pence each and have a nominal value exercise price. Vesting of the options is
conditional upon achieving certain challenging share price and commercial
targets over their three-year performance period. A further two-year holding
period in addition to the three-year vesting period applies to these awards.
The notification of dealing forms can be found below.
This notification is made in accordance with the requirements of the UK Market
Abuse Regulation.
Notification of dealing form
1 Details of the person discharging managerial responsibilities/ person closely
associated
a) Name Philip Caldwell
2 Reason for the notification
a) Position/Status 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 transaction have been conducted
a) Description of the financial instrument, Nominal value share options over Ordinary Shares of 10 pence each
type of instrument Identification code ISIN: GB00BG5KQW09
b) Nature of the transaction Grant of Long Term Incentive Plan Awards
c) Price(s) and volume (s) Price(s) Volume(s)
10p 227273
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
10p 227273 £
2
2
,
7
2
7
.
2
7
e) Date of the transaction 4 May 2023
f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities/ person closely
associated
a) Name Eric Lakin
2 Reason for the notification
a) Position/Status 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 transaction have been conducted
a) Description of the financial instrument, Nominal value share options over Ordinary Shares of 10 pence each
type of instrument Identification code ISIN: GB00BG5KQW09
b) Nature of the transaction Grant of Long Term Incentive Plan Awards
c) Price(s) and volume (s) Price(s) Volume(s)
10p 142857
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
10p 142857 £
1
4
,
2
8
5
.
7
1
e) Date of the transaction 4 May 2023
f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities/ person closely
associated
a) Name Anthony Cochrane
2 Reason for the notification
a) Position/Status 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 transaction have been conducted
a) Description of the financial instrument, Nominal value share options over Ordinary Shares of 10 pence each
type of instrument Identification code ISIN: GB00BG5KQW09
b) Nature of the transaction Grant of Long Term Incentive Plan Awards
c) Price(s) and volume (s) Price(s) Volume(s)
10p 116883
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
10p 116883 £
1
1
,
6
8
8
.
3
1
e) Date of the transaction 4 May 2023
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 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 transaction have been conducted
a) Description of the financial instrument, Nominal value share options over Ordinary Shares of 10 pence each
type of instrument Identification code ISIN: GB00BG5KQW09
b) Nature of the transaction Grant of Long Term Incentive Plan Awards
c) Price(s) and volume (s) Price(s) Volume(s)
10p 81818
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
10p 81818 £
8
,
1
8
1
.
8
2
e) Date of the transaction 4 May 2023
f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities/ person closely
associated
a) Name Mark Garrett
2 Reason for the notification
a) Position/Status 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 transaction have been conducted
a) Description of the financial instrument, Nominal value share options over Ordinary Shares of 10 pence each
type of instrument Identification code ISIN: GB00BG5KQW09
b) Nature of the transaction Grant of Long Term Incentive Plan Awards
c) Price(s) and volume (s) Price(s) Volume(s)
10p 81818
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
10p 81818 £
8
,
1
8
1
.
8
2
e) Date of the transaction 4 May 2023
f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities/ person closely
associated
a) Name Deborah Grimason
2 Reason for the notification
a) Position/Status 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 transaction have been conducted
a) Description of the financial instrument, Nominal value share options over Ordinary Shares of 10 pence each
type of instrument Identification code ISIN: GB00BG5KQW09
b) Nature of the transaction Grant of Long Term Incentive Plan Awards
c) Price(s) and volume (s) Price(s) Volume(s)
10p 77922
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
10p 77922 £
7
,
7
9
2
.
2
1
e) Date of the transaction 4 May 2023
f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities/ person closely
associated
a) Name Clarissa de Jager
2 Reason for the notification
a) Position/Status 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 transaction have been conducted
a) Description of the financial instrument, Nominal value share options over Ordinary Shares of 10 pence each
type of instrument Identification code ISIN: GB00BG5KQW09
b) Nature of the transaction Grant of Long Term Incentive Plan Awards
c) Price(s) and volume (s) Price(s) Volume(s)
10p 31169
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
10p 31169 £
3
,
1
1
6
.
8
8
e) Date of the transaction 4 May 2023
f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities/ person closely
associated
a) Name Michelle Traynor
2 Reason for the notification
a) Position/Status 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 transaction have been conducted
a) Description of the financial instrument, Nominal value share options over Ordinary Shares of 10 pence each
type of instrument Identification code ISIN: GB00BG5KQW09
b) Nature of the transaction Grant of Long Term Incentive Plan Awards
c) Price(s) and volume (s) Price(s) Volume(s)
10p 30682
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
10p 30682 £
3
,
0
6
8
.
1
8
e) Date of the transaction 4 May 2023
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 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 transaction have been conducted
a) Description of the financial instrument, Nominal value share options over Ordinary Shares of 10 pence each
type of instrument Identification code ISIN: GB00BG5KQW09
b) Nature of the transaction Grant of Long Term Incentive Plan Awards
c) Price(s) and volume (s) Price(s) Volume(s)
10p 28052
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
10p 28052 £
2
,
8
0
5
.
1
9
e) Date of the transaction 4 May 2023
f) Place of the transaction N/A
For further information visit www.ceres.tech (http://www.ceres.tech) or
contact:
Ceres Power Holdings plc Tel: +44 (0)7752 470802
Marianne Millard (Deputy Company Secretary)
Investec Bank PLC (NOMAD & Joint Broker) Tel: +44 (0)207 597 5970
James Rudd / Patrick Robb/ Ben Griffiths
Berenberg (Joint Broker) Tel: +44 (0)203 207 7800
Ben Wright/ Mark Whitmore
FTI Consulting (PR Adviser) Tel: +44 (0)203 727 1000
Dwight Burden Email: ceres_power@fticonsulting.com (mailto:Ceres_power@fticonsulting.com)
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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