Grant of Long Term Incentive Plan (“LTIP”) Awards

Ceres Power Holdings plc

29 May 2024

 

29 May 2024

Ceres Power Holdings plc

("Ceres Power" or "the Company")

Grant of Long Term Incentive Plan ("LTIP") Awards

Ceres Power Holdings plc (the "Company") announces the grant of LTIP share options on 28 May 2024 under the Ceres Power Holdings plc Long Term Incentive Plan (the "Plan") to the following Persons Discharging Managerial Responsibilities ("PDMRs"):

Name	Position	No. share options granted
Philip Caldwell	Chief Executive Officer	627,530
Eric Lakin	Chief Financial Officer	394,062
Anthony Cochrane	Chief Commercial Officer	310,391
Caroline Hargrove	Chief Technology Officer	219,130
Mark Garrett	Chief Operating Officer	219,130
Michelle Traynor	Chief People Officer	197,368
Mark Selby	Chief Growth Officer	175,304
Deborah Grimason	General Counsel & Company Secretary	219,130

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 of dealing forms can be found below.

This notification is made in accordance with the requirements of the UK Market Abuse Regulation.

Notification of dealing form

1	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Philip Caldwell
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, type of instrument Identification code	Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09
b)	Nature of the transaction	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume (s)	Price(s)		Volume(s)
		10p		627,530
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		10p	627,530		£62,753.00
e)	Date of the transaction	28 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, type of instrument Identification code	Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09
b)	Nature of the transaction	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume (s)	Price(s)		Volume(s)
		10p		394,062
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		10p	394,062		£39,406.20
e)	Date of the transaction	28 May 2024
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	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, type of instrument Identification code	Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09
b)	Nature of the transaction	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume (s)	Price(s)		Volume(s)
		10p		310,391
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		10p	310,391		£31,039.10
e)	Date of the transaction	28 May 2024
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	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, type of instrument Identification code	Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09
b)	Nature of the transaction	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume (s)	Price(s)		Volume(s)
		10p		219,130
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		10p	219,130		£21,913.00
e)	Date of the transaction	28 May 2024
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	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, type of instrument Identification code	Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09
b)	Nature of the transaction	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume (s)	Price(s)		Volume(s)
		10p		219,130
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		10p	219,130		£21,913.00
e)	Date of the transaction	28 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, type of instrument Identification code	Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09
b)	Nature of the transaction	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume (s)	Price(s)		Volume(s)
		10p		197,368
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		10p	197,368		£19,736.80
e)	Date of the transaction	28 May 2024
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	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, type of instrument Identification code	Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09
b)	Nature of the transaction	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume (s)	Price(s)		Volume(s)
		10p		175,304
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		10p	175,304		£17,530.40
e)	Date of the transaction	28 May 2024
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	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, type of instrument Identification code	Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09
b)	Nature of the transaction	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume (s)	Price(s)		Volume(s)
		10p		219,130
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		10p	219,130		£21,913.00
e)	Date of the transaction	28 May 2024
f)	Place of the transaction	N/A

For further information visit www.ceres.tech or contact:

Ceres Power Holdings plc Elizabeth Skerritt	Tel: [phone]
FTI Consulting (PR Adviser) Dwight Burden	Tel: [phone] Email: [e-mail]

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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