Grant of Share Options

RNS Number : 2853W

Ceres Power Holdings plc

24 December 2013

 



24 December 2013

Ceres Power Holdings plc ("Ceres" or the "Company")

Grant of Share Options under Sharesave Scheme

Ceres announces the grant of options on 23 December 2013 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 3,112,153 options to purchase ordinary shares of 1 pence have been granted.  These options will be exercisable between 1 February 2017 and 31 July 2017 at an exercise price of 6.28p per share.

Under the scheme, Phil Caldwell and Richard Preston, the Company's Executive Directors, have each been granted 143,312 options to purchase ordinary shares of 1 pence each in the Company.  

For further information contact:

Ceres Power Holdings plc Phil Caldwell, Chief Executive Richard Preston, Finance Director	Tel. [phone]
Nplus1 Singer Advisory LLP Andrew Craig/Ben Wright	Tel. [phone]
Tavistock Communications Mike Bartlett / James Collins	Tel. [phone]

 

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