Grant of Share Options under the Sharesave scheme

RNS Number : 2717X

Ceres Power Holdings plc

30 April 2021

 

30 April 2021

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 30 April 2021 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 162,492 ordinary shares of 10 pence of the Company ("Ordinary Shares") have been granted. These options will be exercisable between 1 June 2024 and 30 November 2024 at an exercise price of 983.2p per share.

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

Richard Preston (CFO)                                    915

Michelle Traynor (People Director)              732

Grant Castleton-White (CPO)   1,830

Total Voting Rights

As at 30 April 2021, the Company's issued share comprised 186,289,405 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 186,289,405.

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	Richard Preston
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) 983.2 pence 915 n/a
d)	Aggregated information	Exercise Price(s) Volume(s) Sales Price(s) 983.2 pence 915 n/a
e)	Date of the transaction	30 April 2021
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
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) 983.2 pence 732 n/a
d)	Aggregated information	Exercise Price(s) Volume(s) Sales Price(s) 983.2 pence 732 n/a
e)	Date of the transaction	30 April 2021
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
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) 983.2 pence 1,830 n/a
d)	Aggregated information	Exercise Price(s) Volume(s) Sales Price(s) 983.2 pence 1,830 n/a
e)	Date of the transaction	30 April 2021
f)	Place of the transaction	N/A

- Ends -

For further information, please 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]
Madano (Financial PR) Michael Evans / Hoda Awad		Tel: [phone]

Notes to Editors:

About Ceres Power

Ceres is a world-leading developer of solid oxide electrochemical technology for applications in fuel cells and hydrogen 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 power generation, transportation and industrial applications. Ceres is listed on the AIM market of the London Stock Exchange ("LSE") (AIM: CWR.L) and was awarded the Green Economy Mark by the LSE, which recognises listed companies that derive more than 50% of their revenues from the green economy.

 

END

 

 

DSHEAALEDASFEFA