REG - Ceres Power Holdings - Notifications of transactions by PDMRs

Ceres Power HoldingsAnnouncement

04/10/2023 15:30

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RNS Number : 7184O  Ceres Power Holdings plc  04 October 2023

4 October 2023

Ceres Power Holdings plc

("Ceres Power" or "the Company")

 

Notifications of transactions by Persons Discharging Managerial
Responsibilities

(together 'PDMRs')

 

The Company was notified on 3 October 2023 that Phil Caldwell, CEO and a PDMR
of the Company, exercised share options under the Ceres Power Holdings plc
2004 Employees' Share Option Scheme and retained all of the shares. Details
are set out below:

 

 Name           Share options exercised  Shares purchased  Total shares acquired  Option exercise price  Share purchase price  Shareholding after transaction
 Phil Caldwell  11,859                   81,746            93,605                 85.4p                  320.4p                365,888

 

As part of the exercise of share options by Phil Caldwell, he acquired a total
of 93,605 shares in the Company, of which 81,746 shares in the Company were
received in return for 123,313 Employee Shareholder Status (ESS) shares in the
Company's subsidiary, Ceres Power Intermediate Holdings Limited, which had
been acquired as a modification to the unexercised 2004 Employees' Share
Scheme options in 2014 and 2015.  He also exercised 11,859 ESS-linked options
in the Company.  All of the shares acquired were retained.

The notification of dealing form can be found below.

This notification is made in accordance with the requirements of Article 19 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 - CEO
 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,  Ordinary Shares of 10 pence each

     type of instrument Identification code    ISIN: GB00BG5KQW09
 b)  Nature of the transaction                 Exercise of Share Options under the Ceres Power Holdings plc 2004 Employees'
                                               Share Option Scheme and disposal of Employee Shareholder Status shares in
                                               Ceres Power Intermediate Holdings Limited
 c)  Price(s) and volume (s)                   Price(s)                                    Volume(s)
                                               85.4 pence                                  11,859

                                               320.4 pence                                 81,746

 d)  Aggregated information                    Aggregate Price       Aggregate Volume                            Aggregate Total

     -Aggregated volume

     -Price
     £2.906                                                                                93,605                                      £
                                                                                                                                       2
                                                                                                                                       7
                                                                                                                                       2
                                                                                                                                       ,
                                                                                                                                       0
                                                                                                                                       4
                                                                                                                                       1
                                                                                                                                       .
                                                                                                                                       7
                                                                                                                                       7
 e)  Date of the transaction                   3 October 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)

 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 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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