Grant of Share Options under Sharesave Scheme

RNS Number : 3717A

Ceres Power Holdings plc

19 December 2014

 

19 December 2014

Ceres Power Holdings PLC

("Ceres", the "Company")

Grant of Share Options under Sharesave Scheme

Ceres announces the grant of options on 19 December 2014 under the Ceres Power Sharesave Scheme (the "scheme").  The scheme is an 'all employee share scheme' which is available 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.

A total of 2,222,197 options to purchase ordinary shares of 1 pence have been granted.  These options will be exercisable between 1 February 2018 and 31 July 2018 at an exercise price of 5.44p per share.

Under the scheme, Richard Preston and Dr Mark Selby, two of the Company's Executive Directors, have each been granted 165,441 options to purchase ordinary shares of 1 pence each in the Company.  As at 19 December 2014 they each hold a total of 4,765,441 and 3,625,441 share options in the Company.

Enquiries:

Ceres Power Holdings plc Phil Caldwell, CEO Richard Preston, CFO	Tel. [phone]
N+1 Singer  (Nominated Adviser and Broker) Ben Wright / Alex Wright	Tel: [phone]
Tavistock Communications Mike Bartlett/James Collins	Tel: [phone]

Notes to editors:

About Ceres Power

Ceres Power (http://www.cerespower.com/) is a world leading developer of low cost, next generation fuel cell technology for use in decentralised energy products that reduce operating costs, lower CO₂ emissions, increase efficiency and improve energy security.  The Ceres unique patented Steel Cell technology operates on mains natural gas and is manufactured using standard manufacturing processes and conventional materials such as steel, meaning that it can be mass produced at an affordable price for domestic and business use.

www.cerespower.com 

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