REG - Ceres Power Holdings - Grant of Share Options under Sharesave Scheme
RNS Number : 4603XCeres Power Holdings plc30 April 201930 April 2019
Ceres Power Holdings plc
("Ceres Power" or the "Company")
Grant of Share Options under the Sharesave Scheme
Ceres Power Holdings plc (AIM: CWR) announces the grant of options on 29 April 2019 under the Ceres Power Sharesave Scheme (the "Scheme"). The Scheme is an 'all employee share scheme' which is available annually to all employees subject to qualifying conditions, which was approved by the HM Revenue & Customs, and which was introduced to encourage wider employee share ownership of the Company.
Options to purchase a total of 581,543 ordinary shares of 10 pence of the Company ("Ordinary Shares") have been granted. These options will be exercisable between 1 June 2022 and 30 November 2022 at an exercise price of 126.6p per share.
Included in the above is the grant of options to the following Persons Discharging Managerial Responsibilities ("PDMR"):
Phil Caldwell (CEO) 7,109; Richard Preston (CFO) 7,109; Mark Selby (CTO) 14,218; and James Falla (COO) 14,218.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Philip Caldwell
2
Reason for the notification
a)
Position/status
Chief Executive Officer, Director
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 transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Sharesave options over 10p ordinary shares
ISIN GB00BG5KQW09
b)
Nature of the transaction
Grant of Share Options under the Sharesave Scheme
c)
Price(s) and volume(s)
Price(s)
Volume(s)
126.6 pence
7,109
d)
Aggregated information
Price(s)
Volume(s)
126.6 pence
7,109
e)
Date of the transaction
29 April 2019
f)
Place of the transaction
N/A
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Richard Preston
2
Reason for the notification
a)
Position/status
Chief Financial Officer, Director
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 transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Sharesave options over 10p ordinary shares
ISIN GB00BG5KQW09
b)
Nature of the transaction
Grant of Share Options under the Sharesave Scheme
c)
Price(s) and volume(s)
Price(s)
Volume(s)
126.6 pence
7,109
d)
Aggregated information
Price(s)
Volume(s)
126.6 pence
7,109
e)
Date of the transaction
29 April 2019
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
Chief Technology Officer
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 transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Sharesave options over 10p ordinary shares
ISIN GB00BG5KQW09
b)
Nature of the transaction
Grant of Share Options under the Sharesave Scheme
c)
Price(s) and volume(s)
Price(s)
Volume(s)
126.6 pence
14,218
d)
Aggregated information
Price(s)
Volume(s)
126.6 pence
14,218
e)
Date of the transaction
29 April 2019
f)
Place of the transaction
N/A
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
James Falla
2
Reason for the notification
a)
Position/status
Chief Operating Officer
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 transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Sharesave options over 10p ordinary shares
ISIN GB00BG5KQW09
b)
Nature of the transaction
Grant of Share Options under the Sharesave Scheme
c)
Price(s) and volume(s)
Price(s)
Volume(s)
126.6 pence
14,218
d)
Aggregated information
Price(s)
Volume(s)
126.6 pence
14,218
e)
Date of the transaction
29 April 2019
f)
Place of the transaction
N/A
Ceres Power Holdings plc
Phil Caldwell, CEO
Richard Preston, CFO
Tel: +44 (0)1403 273 463
Investec Bank plc (Nominated Adviser and Broker)
Jeremy Ellis / Patrick Robb / Richard Short
Tel: +44 (0) 20 7597 4000
Berenberg (Joint Broker)
Ben Wright / Mark Whitmore
Tel: +44 (0) 20 3207 7800
Powerscourt
Peter Ogden/James White/Niall Walsh
Tel: +44 (0) 207 250 1446
Notes to Editors:
About Ceres Power
Ceres Power is a world leader in low cost, next generation fuel cell technology for use in distributed power products that reduce operating costs, lower CO2, SOx and NOx emissions, increase efficiency and improve energy security. Ceres Power's unique, patented SteelCell® technology generates power from widely available fuels at high efficiency and is manufactured using standard processing equipment and conventional materials such as steel, meaning that it can be mass produced at an affordable price for domestic and business use. Ceres Power offers its partners the opportunity to develop power systems and products using its unique SteelCell® technology and know-how, combined with the opportunity to supply the SteelCell® in volume through its manufacturing partners. For further information please visit: http://www.cerespower.com/
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDDSHBUGDSIUDBGCC
Recent news on Ceres Power Holdings
See all newsREG - Ceres Power Holdings - Total Voting Rights
AnnouncementREG - Ceres Power Holdings - Notice of AGM & Publication of Annual Report
AnnouncementREG - Ceres Power Holdings - Notification of major holdings
AnnouncementREG - Ceres Power Holdings - Final results for the year ended 31 December 2023
AnnouncementREG - Ceres Power Holdings - Updated timing of Full Year Results
Announcement