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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
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or follow us on LinkedIn
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