REG - Ceres Power Holdings - Grant of Share Options under the Sharesave Scheme
02/05/2023 13:00
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RNS Number : 1405Y Ceres Power Holdings plc 02 May 2023
2 May 2023
Ceres Power Holdings plc
("Ceres Power" or "the Company")
Grant of Share Options under the Sharesave Scheme
Ceres Power Holdings plc (the "Company"), a global leader in fuel cell and
electrochemical technology, announces the grant of options on 28 April
2023 under the Ceres Power Holdings plc 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 893,612 ordinary shares of 10 pence of the
Company ("Ordinary Shares") have been granted. These options will be
exercisable between 1 June 2026 and 30 November 2026 at an exercise price
of £3.128 per share.
The following grants were made to Persons Discharging Managerial
Responsibilities ("PDMRs"):
Name Position Options Granted
Philip Caldwell Chief Executive Officer 2,877
Caroline Hargrove Chief Technology Officer 5,754
Eric Lakin Chief Financial Officer 2,877
Michelle Traynor People Director 3,452
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 form
1 Details of the person discharging managerial responsibilities/ person closely
associated
a) Name Phil 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, Sharesave options over Ordinary Shares of 10 pence each
type of instrument Identification code ISIN: GB00BG5KQW09
b) Nature of the transaction Grant of share options under the Ceres Power Holdings plc Sharesave Scheme
c) Price(s) and volume (s) Price(s) Volume(s)
£3.128 2,877
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
£3.128 2,877 £
8
,
9
9
9
.
2
6
e) Date of the transaction 28 April 2023
f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities/ person closely
associated
a) Name Caroline Hargrove
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, Sharesave options over Ordinary Shares of 10 pence each
type of instrument Identification code ISIN: GB00BG5KQW09
b) Nature of the transaction Grant of share options under the Ceres Power Holdings plc Sharesave Scheme
c) Price(s) and volume (s) Price(s) Volume(s)
£3.128 5,754
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
£3.128 5,754 £
1
7
,
9
9
8
.
5
1
e) Date of the transaction 28 April 2023
f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities/ person closely
associated
a) Name Eric Lakin
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, Sharesave options over Ordinary Shares of 10 pence each
type of instrument Identification code ISIN: GB00BG5KQW09
b) Nature of the transaction Grant of share options under the Ceres Power Holdings plc Sharesave Scheme
c) Price(s) and volume (s) Price(s) Volume(s)
£3.128 2,877
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
£3.128 2,877 £
8
,
9
9
9
.
2
6
e) Date of the transaction 28 April 2023
f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities/ person closely
associated
a) Name Michelle Traynor
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, Sharesave options over Ordinary Shares of 10 pence each
type of instrument Identification code ISIN: GB00BG5KQW09
b) Nature of the transaction Grant of share options under the Ceres Power Holdings plc Sharesave Scheme
c) Price(s) and volume (s) Price(s) Volume(s)
£3.128 3,452
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
£3.128 3,452 £
1
0
,
7
9
7
.
8
6
e) Date of the transaction 28 April 2023
f) Place of the transaction N/A
For further information visit www.ceres.tech (http://www.ceres.tech) or
contact:
Ceres Power Holdings plc Tel: +44 (0)7752 470802
Marianne Millard (Deputy Company Secretary)
Investec Bank PLC (NOMAD & Joint Broker) Tel: +44 (0)207 597 5970
James Rudd / Patrick Robb/ Ben Griffiths
Berenberg (Joint Broker) Tel: +44 (0)203 207 7800
Ben Wright/ Mark Whitmore
FTI Consulting (PR Adviser) Tel: +44 (0)203 727 1000
Dwight Burden Email: ceres_power@fticonsulting.com (mailto:Ceres_power@fticonsulting.com)
About Ceres Power
Ceres is a world-leading developer of electrochemical technologies: fuel cells
for power generation, electrolysis for the creation of green hydrogen and
energy storage. Its asset-light, licensing model has seen it establish
partnerships with some of the world's largest engineering and technology
companies, such as Weichai in China, Bosch in Germany, Miura in Japan, and
Doosan in Korea, to develop systems and products that address climate change
for power generation, transportation, industry, data centres and everyday
living. Ceres is listed on the AIM market of the London Stock Exchange
("LSE") (AIM: 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.
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