Grant of Share Options under the Sharesave Scheme

RNS Number : 6584A

Ceres Power Holdings plc

23 January 2020

 

23 January 2020

Ceres Power Holdings plc

("Ceres Power" or the "Company")

Grant of Share Options under the Sharesave Scheme

Ceres Power Holdings plc (AIM: CWR) announces the grant of options on 22 January 2020 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 324,295 ordinary shares of 10 pence of the Company ("Ordinary Shares") have been granted.  These options will be exercisable between 1 February 2023 and 31 July 2023 at an exercise price of 195.2p per share.

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

Phil Caldwell (CEO) 4,610.

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	Sharesave options over 10p ordinary shares                                                             ISIN GB00BG5KQW09
b)	Nature of the transaction	Grant of Share Options under the Sharesave Scheme
c)	Price(s) and volume(s)	Price(s) Volume(s) 195.2 pence 4,610
d)	Aggregated information	Price(s) Volume(s) 195.2 pence 4,610
e)	Date of the transaction	22 January 2020
f)	Place of the transaction	N/A

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

Notes to Editors:

About Ceres Power

Ceres Power 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. Ceres Power's unique, patented SteelCell® technology generates power from widely available fuels at high efficiency and is manufactured using standard processing equipment and conventional materials such as steel, meaning that it can be mass produced at an affordable price for domestic and business use. Ceres Power offers its partners the opportunity to develop power systems and products using its unique SteelCell® technology and know-how, combined with the opportunity to supply the SteelCell® in volume through its manufacturing partners. For further information please visit: http://www.cerespower.com/

 

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