Exercise of options, PDMR dealing

RNS Number : 0523O

Ceres Power Holdings plc

08 June 2022

 

8 June 2022

Ceres Power Holdings plc (AIM: CWR)

("Ceres Power" or the "Company")

Exercise of options, PDMR dealing

Ceres Power Holdings plc (the "Company"), a global leader in fuel cell and electrochemical technology, announces the following share transactions carried out by certain Directors and persons discharging managerial responsibilities (PDMRs) on 7 June 2022.

Phil Caldwell (Chief Executive Officer) exercised share options under the Ceres Power Sharesave Scheme and retained the shares.  Mark Selby (Chief Innovation Officer) exercised share options under the Ceres Power Sharesave Scheme and sold the resulting shares. Details of these exercises are set out in the table below:

	Options exercised	Shares sold	Weighted average exercise price	Sale price	Options remaining after exercise	Current shareholding
Phil Caldwell	7,109	0	126.60p		1,568,277	67,673
Mark Selby	14,218	14,218	126.60p	661.90p	373,987	39,909

Total Voting Rights

As at 7 June 2022, the Company's issued share comprised 191,465,996 Ordinary Shares, with one voting right per share. The Company does not hold any Ordinary Shares in treasury. The total number of Ordinary Shares and voting rights in the Company is therefore 191,465,996.

This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.

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	Phil 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 Identification code	Nominal value options over 10p ordinary shares   ISIN GB00BG5KQW09
b)	Nature of the transaction	Exercise of Share Options under the Ceres Power Sharesave Scheme
c)	Price(s) and volume(s)	Exercise Price(s) Volume(s) Sales Price(s) 126.6 pence 7,109 n/a
d)	Aggregated information	Exercise Price(s) Volume(s) Sales Price(s) 126.6 pence 7,109 n/a
e)	Date of the transaction	7 June 2022
f)	Place of the transaction	N/A

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mark Selby
2	Reason for the notification
a)	Position/status	Chief Innovation 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 Identification code	Nominal value options over 10p ordinary shares   ISIN GB00BG5KQW09
b)	Nature of the transaction	Exercise and sale of Share Options under the Ceres Power Sharesave Scheme
c)	Price(s) and volume(s)	Exercise Price(s) Volume(s) Sales Price(s) 126.6 pence 14,218 661.90 pence
d)	Aggregated information	Exercise Price(s) Volume(s) Sales Price(s) 126.6 pence 14,218 661.90 pence
e)	Date of the transaction	7 June 2022
f)	Place of the transaction	N/A

- Ends -

For further information, please contact:

Ceres Power Holdings plc Elizabeth Skerritt		Tel: [phone]
Investec Bank PLC (NOMAD & Joint Broker) Jeremy Ellis / Patrick Robb / Ben Griffiths		Tel: [phone]
Berenberg (Joint Broker) Ben Wright / Mark Whitmore		Tel: [phone]
FTI Consulting (Financial PR) Dwight Burden		Tel:[phone] Email: [e-mail]

Notes to Editors:

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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