REG - Ceres Power Holdings - LTIPs and Total Voting Rights
24/03/2022 07:01
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RNS Number : 8312F Ceres Power Holdings plc 24 March 2022
24 March 2022
Ceres Power Holdings plc
("Ceres Power" or the "Company")
GRANT OF LONG-TERM INCENTIVE PLAN ("LTIP") AWARDS
AND TOTAL VOTING RIGHTS
Ceres Power Holdings plc (AIM: CWR) announces that yesterday, 23 March 2022,
LTIP share options were awarded to Executive Directors and PDMRs of the
Company, as well as other key employees.
Awards to PDMRs are as follows:
Philip Caldwell (Chief Executive Officer) 126,080; Eric Lakin (Chief
Financial Officer) 118,880; Caroline Hargrove (Chief Technology Officer)
68,080; Anthony Cochrane (Chief Commercial Officer) 64,840; Deborah Grimason
(General Counsel & Company Secretary) 64,840; Mark Garrett (Chief
Operating Officer) 45,390; Geraint Castleton-White (Chief Programmes Officer)
18,370; Clarissa de Jager (Chief of Intellectual Property) 17,290; Michelle
Traynor (People Director) 17,020.
These LTIP share options are in respect of the Company's ordinary shares
of 10 pence each and have a nominal value exercise price. Vesting of the
options is conditional upon achieving certain challenging share price and
commercial targets over their three-year performance period. A further
two-year holding period in addition to the three-year vesting period applies
to these awards.
The notification below, made in accordance with the requirements of the EU
Market Abuse Regulation, provides further detail.
Total Voting Rights
Ceres Power confirms that as at 23 March 2022, the Company had 190,729,638
Ordinary Shares in issue, with one voting right each. The Company does not
hold any shares in treasury. The number of Ordinary Shares with voting rights
is therefore 190,729,638.
Accordingly, these figures may be used by shareholders as a denominator for
the calculations by which they will determine if they are required to notify
their interest in, or change to their interest in, the Company, under the
Disclosure and Transparency Rules.
For further information please visit www.ceres.tech (http://www.ceres.tech) or
contact:
Ceres Power Holdings plc Tel: +44 (0)1403 273 463
Elizabeth Skerritt
Investec Bank PLC (NOMAD & Joint Broker) Tel: +44 (0)207 597 5970
Jeremy Ellis / Patrick Robb
Berenberg (Joint Broker) Tel: +44 (0) 203 207 7800
Ben Wright / Mark Whitmore
FTI Consulting (Financial PR) 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.
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 Nominal value options over 10p ordinary
shares
Identification code
ISIN GB00BG5KQW09
b) Nature of the transaction Grant of Long Term Incentive Plan Awards
c) Price(s) and volume(s) Price(s) Volume(s)
10.0 pence 126,080
d) Aggregated information Price(s) Volume(s)
10.0 pence 126,080
e) Date of the transaction 23 March 2022
f) Place of the transaction N/A
d)
Aggregated information
Price(s) Volume(s)
10.0 pence 126,080
e)
Date of the transaction
23 March 2022
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 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 Nominal value options over 10p ordinary
shares
Identification code
ISIN GB00BG5KQW09
b) Nature of the transaction Grant of Long Term Incentive Plan Awards
c) Price(s) and volume(s) Price(s) Volume(s)
10.0 pence 118,880
d) Aggregated information Price(s) Volume(s)
10.0 pence 118,880
e) Date of the transaction 23 March 2022
f) Place of the transaction N/A
d)
Aggregated information
Price(s) Volume(s)
10.0 pence 118,880
e)
Date of the transaction
23 March 2022
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 Chief Technology Officer, 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 transactions have been conducted
a) Description of the financial instrument, type of instrument Nominal value options over 10p ordinary
shares
Identification code
ISIN GB00BG5KQW09
b) Nature of the transaction Grant of Long Term Incentive Plan Awards
c) Price(s) and volume(s) Price(s) Volume(s)
10.0 pence 68,080
d) Aggregated information Price(s) Volume(s)
10.0 pence 68,080
e) Date of the transaction 23 March 2022
f) Place of the transaction N/A
d)
Aggregated information
Price(s) Volume(s)
10.0 pence 68,080
e)
Date of the transaction
23 March 2022
f)
Place of the transaction
N/A
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Anthony Cochrane
2 Reason for the notification
a) Position/status Chief Commercial Officer, 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 transactions have been conducted
a) Description of the financial instrument, type of instrument Nominal value options over 10p ordinary
shares
Identification code
ISIN GB00BG5KQW09
b) Nature of the transaction Grant of Long Term Incentive Plan Awards
c) Price(s) and volume(s) Price(s) Volume(s)
10.0 pence 64,840
d) Aggregated information Price(s) Volume(s)
10.0 pence 64,840
e) Date of the transaction 23 March 2022
f) Place of the transaction N/A
d)
Aggregated information
Price(s) Volume(s)
10.0 pence 64,840
e)
Date of the transaction
23 March 2022
f)
Place of the transaction
N/A
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Deborah Grimason
2 Reason for the notification
a) Position/status General Counsel and Company Secretary, 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 transactions have been conducted
a) Description of the financial instrument, type of instrument Nominal value options over 10p ordinary
shares
Identification code
ISIN GB00BG5KQW09
b) Nature of the transaction Grant of Long Term Incentive Plan Awards
c) Price(s) and volume(s) Price(s) Volume(s)
10.0 pence 64,840
d) Aggregated information Price(s) Volume(s)
10.0 pence 64,840
e) Date of the transaction 23 March 2022
f) Place of the transaction N/A
d)
Aggregated information
Price(s) Volume(s)
10.0 pence 64,840
e)
Date of the transaction
23 March 2022
f)
Place of the transaction
N/A
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Mark Garrett
2 Reason for the notification
a) Position/status Chief Operating Officer, 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 transactions have been conducted
a) Description of the financial instrument, type of instrument Nominal value options over 10p ordinary
shares
Identification code
ISIN GB00BG5KQW09
b) Nature of the transaction Grant of Long Term Incentive Plan Awards
c) Price(s) and volume(s) Price(s) Volume(s)
10.0 pence 45,390
d) Aggregated information Price(s) Volume(s)
10.0 pence 45,390
e) Date of the transaction 23 March 2022
f) Place of the transaction N/A
d)
Aggregated information
Price(s) Volume(s)
10.0 pence 45,390
e)
Date of the transaction
23 March 2022
f)
Place of the transaction
N/A
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Geraint Castleton-White
2 Reason for the notification
a) Position/status Chief Programme Officer, 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 transactions have been conducted
a) Description of the financial instrument, type of instrument Nominal value options over 10p ordinary
shares
Identification code
ISIN GB00BG5KQW09
b) Nature of the transaction Grant of Long Term Incentive Plan Awards
c) Price(s) and volume(s) Price(s) Volume(s)
10.0 pence 18,370
d) Aggregated information Price(s) Volume(s)
10.0 pence 18,370
e) Date of the transaction 23 March 2022
f) Place of the transaction N/A
d)
Aggregated information
Price(s) Volume(s)
10.0 pence 18,370
e)
Date of the transaction
23 March 2022
f)
Place of the transaction
N/A
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Clarissa de Jager
2 Reason for the notification
a) Position/status Chief of Intellectual Property, 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 transactions have been conducted
a) Description of the financial instrument, type of instrument Nominal value options over 10p ordinary
shares
Identification code
ISIN GB00BG5KQW09
b) Nature of the transaction Grant of Long Term Incentive Plan Awards
c) Price(s) and volume(s) Price(s) Volume(s)
10.0 pence 17,290
d) Aggregated information Price(s) Volume(s)
10.0 pence 17,290
e) Date of the transaction 23 March 2022
f) Place of the transaction N/A
d)
Aggregated information
Price(s) Volume(s)
10.0 pence 17,290
e)
Date of the transaction
23 March 2022
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 People Director, 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 transactions have been conducted
a) Description of the financial instrument, type of instrument Nominal value options over 10p ordinary
shares
Identification code
ISIN GB00BG5KQW09
b) Nature of the transaction Grant of Long Term Incentive Plan Awards
c) Price(s) and volume(s) Price(s) Volume(s)
10.0 pence 17,020
d) Aggregated information Price(s) Volume(s)
10.0 pence 17,020
e) Date of the transaction 23 March 2022
f) Place of the transaction N/A
d)
Aggregated information
Price(s) Volume(s)
10.0 pence 17,020
e)
Date of the transaction
23 March 2022
f)
Place of the transaction
N/A
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