Grant of LTIP Awards and Total Voting Rights

RNS Number : 7148O

Ceres Power Holdings plc

03 October 2019

 

3 October 2019

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 today, 3 October 2019, 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 (CEO) 161,700; Richard Preston (CFO) 91,340; Mark Selby (CTO) 91,340; James Falla (COO) 91,340; and Anthony Cochrane (CCO) 91,340.

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

Following the exercise of employee options over 357,998 Ordinary Shares, Ceres Power confirms that as at 3 October 2019, the Company had 153,127,810 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 153,127,810.

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 contact:

Ceres Power Holdings plc Richard Preston		Tel: [phone]
Investec Bank PLC (NOMAD & Joint Broker) Jeremy Ellis / Patrick Robb		Tel: [phone]
Berenberg (Joint Broker) Ben Wright / Mark Whitmore		Tel: [phone]
Powerscourt Peter Ogden / James White		Tel: [phone]

Notes to Editors:

About Ceres Power

Ceres Power (http://www.cerespower.com/) is a world leader in low cost, next generation fuel cell technology for use in distributed power products that reduce operating costs, lower CO2, SOx and NOx emissions, increase efficiency and improve energy security. The Ceres Power unique patented SteelCell® technology generates power from widely available fuels such as natural gas and future fuels such as hydrogen enabling a transition from low to zero carbon power generation at high efficiency. The SteelCell® is manufactured using standard processing equipment and conventional materials such as steel, meaning that it can be mass produced at an affordable price. Ceres Power offers its partners the opportunity to develop power systems and products using its unique technology and know-how, as well as the opportunity to manufacture the SteelCell® in volume.

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 Identification code	Nominal value options over 10p ordinary shares                                                             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 161,700
d)	Aggregated information	Price(s) Volume(s) 10.0 pence 161,700
e)	Date of the transaction	3 October 2019
f)	Place of the transaction	N/A

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Richard Preston
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 Identification code	Nominal value options over 10p ordinary shares                                                             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 91,340
d)	Aggregated information	Price(s) Volume(s) 10.0 pence 91,340
e)	Date of the transaction	3 October 2019
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 Technology 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	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume(s)	Price(s) Volume(s) 10.0 pence 91,340
d)	Aggregated information	Price(s) Volume(s) 10.0 pence 91,340
e)	Date of the transaction	3 October 2019
f)	Place of the transaction	N/A

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	James Falla
2	Reason for the notification
a)	Position/status	Chief Operating 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	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume(s)	Price(s) Volume(s) 10.0 pence 91,340
d)	Aggregated information	Price(s) Volume(s) 10.0 pence 91,340
e)	Date of the transaction	3 October 2019
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, 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	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume(s)	Price(s) Volume(s) 10.0 pence 91,340
d)	Aggregated information	Price(s) Volume(s) 10.0 pence 91,340
e)	Date of the transaction	3 October 2019
f)	Place of the transaction	N/A

 

END

 

 

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