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REG - Ceres Power Holdings - Grant of Long Term Incentive Plan (“LTIP”) Awards

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RNS Number : 7716O  Ceres Power Holdings plc  27 June 2025

CWR.L

27 June 2025

Ceres Power Holdings plc

("Ceres Power" or "the Company")

 

Grant of Long Term Incentive Plan ("LTIP") Awards

 

Horsham, UK: Ceres Power Holdings plc (CWR.L), a leading developer of clean
energy technology, confirms the grant of LTIP share options on 26 June 2025
under the Ceres Power Holdings plc Long Term Incentive Plan 2025 (the "Plan")
to the following Persons Discharging Managerial Responsibilities ("PDMRs"):

 

 Name             Position                 No. share options granted
 Philip Caldwell  Chief Executive Officer  1,250,893

 Stuart Paynter   Chief Financial Officer  700,500

 

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 commercial and share price
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 forms

 

 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                                   1,250,893
 d)  Aggregated information                    Aggregate Price    Aggregate Volume                      Aggregate Total

     -Aggregated volume

     -Price
     10p                                                                             1,250,893                             £
                                                                                                                           1
                                                                                                                           2
                                                                                                                           5
                                                                                                                           ,
                                                                                                                           0
                                                                                                                           8
                                                                                                                           9
                                                                                                                           .
                                                                                                                           3
                                                                                                                           0
 e)  Date of the transaction                   26 June 2025
 f)  Place of the transaction                  N/A

 

 

 1   Details of the person discharging managerial responsibilities/ person closely
     associated
 a)  Name                                      Stuart Paynter
 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                                   700,500
 d)  Aggregated information                    Aggregate Price    Aggregate Volume                      Aggregate Total

     -Aggregated volume

     -Price
     10p                                                                             700,500                               £
                                                                                                                           7
                                                                                                                           0
                                                                                                                           ,
                                                                                                                           0
                                                                                                                           5
                                                                                                                           0
                                                                                                                           .
                                                                                                                           0
                                                                                                                           0

 e)  Date of the transaction                   26 June 2025
 f)  Place of the transaction                  N/A

For further information visit www.ceres.tech (http://www.ceres.tech/)  or
contact:

 Ceres Power Holdings plc

 Dominic Murray (Company Secretary)           Tel: +44 (0)7526 196529

 MHP Group (PR Adviser)                       Tel: +44 (0)7827662831

 James McFarlane/Matthew Taylor/Hugo Harris   Email: ceres@mhpgroup.com (mailto:Ceres_power@fticonsulting.com)

About Ceres

Ceres is a leading developer of clean energy technology: fuel cells for power
generation and electrolysers for the production of green hydrogen. Its
asset-light, licensing model has seen it establish partnerships with some of
the world's largest companies, such as Doosan, Delta, Denso,
Shell, Weichai and Thermax. 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
(https://protect.checkpoint.com/v2/___http:/www.ceres.tech/___.bXQtcHJvZC1jcC1ldXcyLTE6bmV4dDE1OmM6bzpkYzQ4ZmYyZjNmN2MzMDE2YzhhN2M1NWU3OThjOTgyMjo2OjgxM2Y6NmNjNDg1NDRkOWVkZDNlM2QzZGJjNWQ0MGQwNGIxZjFkOWUxNzgxMDg2MWUwOWQxYzE2MWE5ODdlODQ0YWM0MDpwOkY6Tg)
 or follow us on LinkedIn
(https://protect.checkpoint.com/v2/___https:/www.linkedin.com/company/ceres-power/___.bXQtcHJvZC1jcC1ldXcyLTE6bmV4dDE1OmM6bzpkYzQ4ZmYyZjNmN2MzMDE2YzhhN2M1NWU3OThjOTgyMjo2OjdlNDM6ZjQzNDA4ZGI0ZWY2MWUwN2U3ZDE5Mjg0ODlmOThkMzQ5MjMwODI4Mzg5MWYzZDY5NDNkZTcxNGNiOWVlNzdmMDpwOkY6Tg)
.

 

 

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