REG - Ceres Power Holdings - Grant of Share Options under the Sharesave Scheme <Origin Href="QuoteRef">CWR.L</Origin>
RNS Number : 6272YCeres Power Holdings plc07 December 20177 December 2017
This announcement contains inside information
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 6 December 2017 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 2,265,603 ordinary shares of 1 pence of the Company ("Ordinary Shares") have been granted. These options will be exercisable between 1 February 2021 and 31 July 2021 at an exercise price of 10.6p per share.
Included in the above is a grant to Richard Preston, the Company's Chief Financial Officer, who has been granted an option to purchase 84,905 Ordinary Shares. Following this grant, Richard Preston now holds options over 6,830,679 Ordinary Shares.
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
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 1p ordinary shares
ISIN GB00B0351429
b)
Nature of the transaction
Grant of Share Options under the Sharesave Scheme
c)
Price(s) and volume(s)
Price(s)
Volume(s)
10.6 pence
84,905
d)
Aggregated information
Price(s)
Volume(s)
10.6 pence
84,905
e)
Date of the transaction
6 December 2017
f)
Place of the transaction
N/A
Ceres Power Holdings plc
Dan Caesar
Tel: +44 (0)1403 273 463
Zeus Capital(Nominated Adviser and Broker)
Giles Balleny /Andrew Jones/Hugh Kingsmill Moore
Tel: +44 (0) 20 3829 5000
Berenberg (Joint Broker)
Ben Wright / Mark Whitmore / Laure Fine
Tel: +44 (0) 203 207 7800
Powerscourt
Peter Ogden/Andy Jones
Tel: +44 (0) 20 7250 1446
Notes to Editors:
About Ceres Power
Ceres Power (http://www.cerespower.com/) 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. The Ceres Power unique patented Steel Cell 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 Steel Cell technology and know-how, combined with the opportunity to supply the Steel Cell in volume through its manufacturing partners.
This information is provided by RNSThe company news service from the London Stock ExchangeENDDSHEAEAKELFXFAF
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