Directors' Dealings

RNS Number : 3691J

Ceres Power Holdings plc

09 April 2020

 

9 April 2020

Ceres Power Holdings plc

("Ceres Power" or the "Company")

Directors' Dealings

Ceres Power Holdings plc (AIM: CWR) announces that on the 9 April 2020, the following Person Discharging Managerial Responsibilities ("PDMR") exercised share options under the 2017 Ceres Power Holdings Plc Sharesave Plan ("Plan"), which has now matured, and retained the shares:

Phil Caldwell (CEO) 13,636. 

The Plan options exercised by the PDMR were over 13,636 ordinary shares of 10p each in the Company ("Ordinary Shares") at an exercise price of 66p per share. The exercise price was set in accordance with the Plan and HMRC rules at the invitation date in 2017.

As a result of the options exercised, Mr Caldwell now holds 60,564 Ordinary Shares in 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	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	10p ordinary shares   ISIN GB00BG5KQW09
b)	Nature of the transaction	Exercise of Share Options under the Sharesave Scheme and purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 66 pence    13,636
d)	Aggregated information	Price(s) Volume(s) 66 pence    13,636
e)	Date of the transaction	9 April 2020
f)	Place of the transaction	N/A

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

Ceres Power Holdings plc Elizabeth Skerritt		Tel: [phone]
Investec Bank plc (Nominated Adviser and Broker to Ceres) Jeremy Ellis / Patrick Robb / Ben Griffiths / Cassie Herlihy		Tel: [phone]
Berenberg (Joint Broker to Ceres) Ben Wright / Mark Whitmore		Tel: [phone]
Powerscourt (PR Adviser to Ceres) Peter Ogden / James White		Tel: [phone]

About Ceres Power

Ceres is a world-leading developer of fuel cell and electrochemical technology that enables its partners to deliver clean energy at scale and speed. Its asset-light, licensing model has seen it embed its technology in some of the world's most progressive companies - such as Weichai in China, Bosch in Germany, Miura in Japan, and Doosan in South Korea - to develop systems and products that address climate change and air quality challenges for transportation, industry, data centres and everyday living.  Ceres is listed on the AIM market of the London Stock Exchange ("LSE") (AIM: CWR) and was awarded the Green Economy Mark by LSE, which recognises listed companies that derive more than 50% of their revenues from the green economy.

 

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