Grant of Share Options and Total Voting Rights

RNS Number : 4267J

Ceres Power Holdings plc

27 April 2022

 

27 April 2022

Ceres Power Holdings plc (AIM: CWR)

("Ceres Power" or the "Company")

Grant of Share Options under the Sharesave scheme

Ceres Power Holdings plc (the "Company"), a global leader in fuel cell and electrochemical technology, announces the grant of options on 26 April 2022 under the Ceres Power Sharesave Scheme (the "Scheme"). The Scheme is an 'all employee share scheme' which is available annually to all employees subject to qualifying conditions, which was approved by the HM Revenue & Customs, and which was introduced to encourage wider employee share ownership of the Company.

Options to purchase a total of 393,530 ordinary shares of 10 pence of the Company ("Ordinary Shares") have been granted. These options will be exercisable between 1 June 2025 and 30 November 2025 at an exercise price of 596p per share.

Included in the above is the grant of options to the following Persons Discharging Managerial Responsibilities ("PDMRs"):

Philip Caldwell (Chief Executive Officer)	1,510
Geraint Castleton-White (Chief Programmes Officer)	3,020
Deborah Grimason (General Counsel and Company Secretary)	3,020
Caroline Hargrove (Chief Technology Officer)	3,020
Eric Lakin (Chief Financial Officer)	3,020
Michelle Traynor (People Director)	1,208

Total Voting Rights

As at 26 April 2022, the Company's issued share comprised 190,890,745 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 190,890,745.

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 of the options granted.

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	Sharesave options over 10p ordinary shares ISIN GB00BG5KQW09
b)	Nature of the transaction	Grant of Share Options under the Ceres Power Sharesave Scheme
c)	Price(s) and volume(s)	Exercise Price(s) Volume(s) Sales Price(s) 596 pence 1,510 n/a
d)	Aggregated information	Exercise Price(s) Volume(s) Sales Price(s) 596 pence 1,510 n/a
e)	Date of the transaction	26 April 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	Sharesave options over 10p ordinary shares ISIN GB00BG5KQW09
b)	Nature of the transaction	Grant of Share Options under the Ceres Power Sharesave Scheme
c)	Price(s) and volume(s)	Exercise Price(s) Volume(s) Sales Price(s) 596 pence 3,020 n/a
d)	Aggregated information	Exercise Price(s) Volume(s) Sales Price(s) 596 pence 3,020 n/a
e)	Date of the transaction	26 April 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	Sharesave options over 10p ordinary shares ISIN GB00BG5KQW09
b)	Nature of the transaction	Grant of Share Options under the Ceres Power Sharesave Scheme
c)	Price(s) and volume(s)	Exercise Price(s) Volume(s) Sales Price(s) 596 pence 3,020 n/a
d)	Aggregated information	Exercise Price(s) Volume(s) Sales Price(s) 596 pence 3,020 n/a
e)	Date of the transaction	26 April 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	Sharesave options over 10p ordinary shares ISIN GB00BG5KQW09
b)	Nature of the transaction	Grant of Share Options under the Ceres Power Sharesave Scheme
c)	Price(s) and volume(s)	Exercise Price(s) Volume(s) Sales Price(s) 596 pence 3,020 n/a
d)	Aggregated information	Exercise Price(s) Volume(s) Sales Price(s) 596 pence 3,020 n/a
e)	Date of the transaction	26 April 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	Sharesave options over 10p ordinary shares ISIN GB00BG5KQW09
b)	Nature of the transaction	Grant of Share Options under the Ceres Power Sharesave Scheme
c)	Price(s) and volume(s)	Exercise Price(s) Volume(s) Sales Price(s) 596 pence 3,020 n/a
d)	Aggregated information	Exercise Price(s) Volume(s) Sales Price(s) 596 pence 3,020 n/a
e)	Date of the transaction	26 April 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	Sharesave options over 10p ordinary shares ISIN GB00BG5KQW09
b)	Nature of the transaction	Grant of Share Options under the Ceres Power Sharesave Scheme
c)	Price(s) and volume(s)	Exercise Price(s) Volume(s) Sales Price(s) 596 pence 1,208 n/a
d)	Aggregated information	Exercise Price(s) Volume(s) Sales Price(s) 596 pence 1,208 n/a
e)	Date of the transaction	26 April 2022
f)	Place of the transaction	N/A

Ends

For further information visit www.ceres.tech or 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]

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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