REG - Ceres Power Holdings - Grant of Share Options under the Sharesave Scheme
29/05/2024 07:15
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RNS Number : 1744Q Ceres Power Holdings plc 29 May 2024
29 May 2024
Ceres Power Holdings plc
("Ceres Power" or "the Company")
Grant of Share Options under the Sharesave Scheme
Ceres Power Holdings plc (the "Company"), announces the grant of options
on 10 May 2024 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 3,283,936 ordinary shares of 10 pence of the
Company ("Ordinary Shares") have been granted. These options will be
exercisable between 1 June 2027 and 30 November 2027 at an exercise price
of 106.56p per share.
The following grants were made to Persons Discharging Managerial
Responsibilities ("PDMRs"):
Name Position Options Granted
Caroline Hargrove Chief Technology Officer 17,408
Eric Lakin Chief Financial Officer 17,408
Michelle Traynor Chief People Officer 17,408
The notification of dealing forms can be found below.
This notification is made in accordance with the requirements of the UK Market
Abuse Regulation.
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)
106.56p 17,408
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
106.56p 17,408 £
1
8
,
5
4
9
.
9
6
e) Date of the transaction 10 May 2024
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)
106.56p 17,408
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
106.56p 17,408 £
1
8
,
5
4
9
.
9
6
e) Date of the transaction 10 May 2024
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)
106.56p 17,408
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
106.56p 17,408 £
1
8
,
5
4
9
.
9
6
e) Date of the transaction 10 May 2024
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)
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 leading developer of clean energy technology; electrolysis for the
creation of green hydrogen and fuel cells for power generation. Its
asset-light, licensing model has seen it establish partnerships with some of
the world's largest companies, such as Bosch, Doosan, Shell and Weichai.
Ceres' solid oxide platform 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.
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