Director/PDMR Shareholding

RNS Number : 6301T

Ceres Power Holdings plc

09 January 2017

 

9 January 2017

This information includes inside information.

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 6 January 2017 under the Ceres Power Sharesave Scheme (the "Scheme").  The Scheme is an 'all employee share scheme' which is available 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 2,271,803 ordinary shares of 1 pence of the Company ("Ordinary Shares") have been granted.  These options will be exercisable between 1 February 2020 and 31 July 2020 at an exercise price of 6.6p per share.

Included in the above is a grant to Phil Caldwell, the Company's Chief Executive Officer, who has been granted an option to purchase 136,363 Ordinary Shares.  Following this grant, Phil Caldwell now holds options over 22,995,008 Ordinary Shares.

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	N/A
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 1p ordinary shares                                                             ISIN GB00B0351429
b)	Nature of the transaction	Grant of Share Options under the Sharesave Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) 6.6 pence 136,363
d)	Aggregated information	Price(s) Volume(s) 6.6 pence 136,363
e)	Date of the transaction	6 January 2017
f)	Place of the transaction	N/A

For further information, please contact:

Ceres Power Holdings plc Dan Caesar, Communications & Marketing Director	Tel: [phone]
Zeus Capital  (Nominated Adviser and Broker) Phil Walker/Andrew Jones	Tel: [phone]
Tavistock Mike Bartlett/James Collins	Tel: [phone]

Notes to Editors:

About Ceres Power

Ceres Power (http://www.cerespower.com/) is a world leading developer of low cost, next generation fuel cell technology for use in decentralised energy products that reduce operating costs, lower CO2 emissions, increase efficiency and improve energy security. Ceres Power's unique patented SteelCell technology operates on mains natural gas and is manufactured using standard manufacturing processes and conventional materials such as steel, meaning that it can be mass produced at an affordable price for domestic and business use.

www.cerespower.com

www.cerespower.com  

 

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