LTIPs and Total Voting Rights

RNS Number : 8312F

Ceres Power Holdings plc

24 March 2022

 

24 March 2022

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 yesterday, 23 March 2022, 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 (Chief Executive Officer) 126,080; Eric Lakin (Chief Financial Officer) 118,880; Caroline Hargrove (Chief Technology Officer) 68,080; Anthony Cochrane (Chief Commercial Officer) 64,840; Deborah Grimason (General Counsel & Company Secretary) 64,840; Mark Garrett (Chief Operating Officer) 45,390; Geraint Castleton-White (Chief Programmes Officer) 18,370; Clarissa de Jager (Chief of Intellectual Property) 17,290; Michelle Traynor (People Director) 17,020.

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

Ceres Power confirms that as at 23 March 2022, the Company had 190,729,638 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 190,729,638.

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 visit www.ceres.tech or contact:

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

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.

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    126,080
d)	Aggregated information	Price(s)    Volume(s) 10.0 pence    126,080
e)	Date of the transaction	23 March 2022
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	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   118,880
d)	Aggregated information	Price(s)     Volume(s) 10.0 pence      118,880
e)	Date of the transaction	23 March 2022
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	Chief Technology 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	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume(s)	Price(s)    Volume(s) 10.0 pence     68,080
d)	Aggregated information	Price(s)    Volume(s) 10.0 pence     68,080
e)	Date of the transaction	23 March 2022
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, 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	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume(s)	Price(s)    Volume(s) 10.0 pence     64,840
d)	Aggregated information	Price(s)     Volume(s) 10.0 pence    64,840
e)	Date of the transaction	23 March 2022
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	General Counsel and Company Secretary, 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	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume(s)	Price(s)    Volume(s) 10.0 pence     64,840
d)	Aggregated information	Price(s)     Volume(s) 10.0 pence    64,840
e)	Date of the transaction	23 March 2022
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	Chief Operating 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	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume(s)	Price(s)   Volume(s) 10.0 pence    45,390
d)	Aggregated information	Price(s)   Volume(s) 10.0 pence    45,390
e)	Date of the transaction	23 March 2022
f)	Place of the transaction	N/A

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Geraint Castleton-White
2	Reason for the notification
a)	Position/status	Chief Programme 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	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume(s)	Price(s)    Volume(s) 10.0 pence     18,370
d)	Aggregated information	Price(s)     Volume(s) 10.0 pence    18,370
e)	Date of the transaction	23 March 2022
f)	Place of the transaction	N/A

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Clarissa de Jager
2	Reason for the notification
a)	Position/status	Chief of Intellectual Property, 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	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume(s)	Price(s)    Volume(s) 10.0 pence     17,290
d)	Aggregated information	Price(s)     Volume(s) 10.0 pence    17,290
e)	Date of the transaction	23 March 2022
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	People Director, 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	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume(s)	Price(s)    Volume(s) 10.0 pence     17,020
d)	Aggregated information	Price(s)     Volume(s) 10.0 pence    17,020
e)	Date of the transaction	23 March 2022
f)	Place of the transaction	N/A

 

END

 

 

TVREAEDDADAAEAA