REG - Ceres Power Holdings - Grant of Long Term Incentive Plan (“LTIP”) Awards
29/05/2024 07:00
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RNS Number : 1740Q Ceres Power Holdings plc 29 May 2024
29 May 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 28 May 2024 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 Chief Executive Officer 627,530
Eric Lakin Chief Financial Officer 394,062
Anthony Cochrane Chief Commercial Officer 310,391
Caroline Hargrove Chief Technology Officer 219,130
Mark Garrett Chief Operating Officer 219,130
Michelle Traynor Chief People Officer 197,368
Mark Selby Chief Growth Officer 175,304
Deborah Grimason General Counsel & Company Secretary 219,130
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 627,530
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
10p 627,530 £
6
2
,
7
5
3
.
0
0
e) Date of the transaction 28 May 2024
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 394,062
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
10p 394,062 £
3
9
,
4
0
6
.
2
0
e) Date of the transaction 28 May 2024
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 310,391
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
10p 310,391 £
3
1
,
0
3
9
.
1
0
e) Date of the transaction 28 May 2024
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 219,130
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
10p 219,130 £
2
1
,
9
1
3
.
0
0
e) Date of the transaction 28 May 2024
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 219,130
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
10p 219,130 £
2
1
,
9
1
3
.
0
0
e) Date of the transaction 28 May 2024
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 197,368
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
10p 197,368 £
1
9
,
7
3
6
.
8
0
e) Date of the transaction 28 May 2024
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 175,304
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
10p 175,304 £
1
7
,
5
3
0
.
4
0
e) Date of the transaction 28 May 2024
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 219,130
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
10p 219,130 £
2
1
,
9
1
3
.
0
0
e) Date of the transaction 28 May 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)7932 023 283
Elizabeth Skerritt
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 leading developer of clean energy technology; electrolysis for the
creation 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, Shell and Weichai.
Ceres' solid oxide platform 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.
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