REG - Ceres Power Holdings - Grant of Long Term Incentive Plan Awards

Ceres Power HoldingsAnnouncement

07/10/2024 14:15

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RNS Number : 2228H  Ceres Power Holdings plc  07 October 2024

7 October 2024

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 Oct 2024 under the Ceres Power Holdings plc Long Term Incentive
Plan (the "Plan") to the below mentioned Persons Discharging Managerial
Responsibilities ("PDMRs").

 

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                                      Stuart Paynter
 2   Reason for the notification
 a)  Position/Status                           Chief Financial 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 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                                   160,709
 d)  Aggregated information                    Aggregate Price    Aggregate Volume                      Aggregate Total

     -Aggregated volume

     -Price
     10p                                                                             160,709                               £
                                                                                                                           1
                                                                                                                           6
                                                                                                                           ,
                                                                                                                           0
                                                                                                                           7
                                                                                                                           0
                                                                                                                           .
                                                                                                                           9
                                                                                                                           0
 e)  Date of the transaction                   4 October 2024
 f)  Place of the transaction                  N/A

 

 

 1   Details of the person discharging managerial responsibilities/ person closely
     associated
 a)  Name                                      Nick Lawrence
 2   Reason for the notification
 a)  Position/Status                           Chief Product 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 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                                   32,142
 d)  Aggregated information                    Aggregate Price    Aggregate Volume                      Aggregate Total

     -Aggregated volume

     -Price
     10p                                                                             32,142                                £
                                                                                                                           3
                                                                                                                           ,
                                                                                                                           2
                                                                                                                           1
                                                                                                                           4
                                                                                                                           .
                                                                                                                           2
                                                                                                                           0
 e)  Date of the transaction                   4 October 2024
 f)  Place of the transaction                  N/A

 

 

 1   Details of the person discharging managerial responsibilities/ person closely
     associated
 a)  Name                                      Filip Smeets
 2   Reason for the notification
 a)  Position/Status                           Chief Commercial 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 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                                   80,928
 d)  Aggregated information                    Aggregate Price    Aggregate Volume                      Aggregate Total

     -Aggregated volume

     -Price
     10p                                                                             80,928                                £
                                                                                                                           8
                                                                                                                           ,
                                                                                                                           0
                                                                                                                           9
                                                                                                                           2
                                                                                                                           .
                                                                                                                           8
                                                                                                                           0
 e)  Date of the transaction                   4 October 2024
 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)7884 654 179

 Patrick Yau

 FTI Consulting (PR Adviser)  Tel: +44 (0)203 727 1000

 Dwight Burden                Email: ceres_power@fticonsulting.com (mailto:Ceres_power@fticonsulting.com)

 

About Ceres

Ceres is a leading developer of clean energy technology: electrolysis for the
production of green hydrogen and fuel cells for power generation. Its
asset-light, licensing model has seen it establish partnerships with some of
the world's largest companies, such as Bosch, Doosan, Delta, Denso, Shell,
Thermax and Weichai. Ceres' solid oxide technology supports greater
electrification of our energy systems and produces green hydrogen at high
efficiencies as a route to decarbonise emissions-intensive industries such as
steelmaking, ammonia and future fuels. Ceres is listed on the London Stock
Exchange ("LSE") (LSE: 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. Read more on our website www.ceres.tech
(http://www.ceres.tech) or follow us on LinkedIn
(https://www.linkedin.com/company/ceres-power/) .

 

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