REG - Ceres Power Holdings - Grant of Share Options under the Sharesave Scheme
RNS Number : 6584ACeres Power Holdings plc23 January 202023 January 2020
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 22 January 2020 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 324,295 ordinary shares of 10 pence of the Company ("Ordinary Shares") have been granted. These options will be exercisable between 1 February 2023 and 31 July 2023 at an exercise price of 195.2p per share.
Included in the above is the grant of options to the following Person Discharging Managerial Responsibilities ("PDMR"):
Phil Caldwell (CEO) 4,610.
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)
195.2 pence
4,610
d)
Aggregated information
Price(s)
Volume(s)
195.2 pence
4,610
e)
Date of the transaction
22 January 2020
f)
Place of the transaction
N/A
Ceres Power Holdings plc
Elizabeth Skerritt, Director of Communications
Tel: +44 (0)1403 273 463
Investec Bank plc (Nominated Adviser and Broker)
Jeremy Ellis / Patrick Robb / Ben Griffiths / Cassie Herlihy
Tel: +44 (0) 20 7597 4000
Berenberg (Joint Broker)
Ben Wright / Mark Whitmore
Tel: +44 (0) 20 3207 7800
Powerscourt
Peter Ogden/James White/Gerard Lyons
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.ENDDSHEAAFAADKEEAA
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