Grant of Share Options under the Sharesave Scheme

Ceres Power Holdings plc

29 May 2024

 

29 May 2024

Ceres Power Holdings plc

("Ceres Power" or "the Company")

Grant of Share Options under the Sharesave Scheme

Ceres Power Holdings plc (the "Company"), announces the grant of options on 10 May 2024 under the Ceres Power Holdings plc 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 3,283,936 ordinary shares of 10 pence of the Company ("Ordinary Shares") have been granted. These options will be exercisable between 1 June 2027 and 30 November 2027 at an exercise price of 106.56p per share.

The following grants were made to Persons Discharging Managerial Responsibilities ("PDMRs"):

Name	Position	Options Granted
Caroline Hargrove	Chief Technology Officer	17,408
Eric Lakin	Chief Financial Officer	17,408
Michelle Traynor	Chief People Officer	17,408

The notification of dealing forms can be found below.

This notification is made in accordance with the requirements of the UK Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Caroline Hargrove
2	Reason for the notification
a)	Position/Status	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 transaction have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Sharesave options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09
b)	Nature of the transaction	Grant of share options under the Ceres Power Holdings plc Sharesave Scheme
c)	Price(s) and volume (s)	Price(s)		Volume(s)
		106.56p		17,408
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		106.56p	17,408		£18,549.96
e)	Date of the transaction	10 May 2024
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	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 transaction have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Sharesave options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09
b)	Nature of the transaction	Grant of share options under the Ceres Power Holdings plc Sharesave Scheme
c)	Price(s) and volume (s)	Price(s)		Volume(s)
		106.56p		17,408
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		106.56p	17,408		£18,549.96
e)	Date of the transaction	10 May 2024
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	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 transaction have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Sharesave options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09
b)	Nature of the transaction	Grant of share options under the Ceres Power Holdings plc Sharesave Scheme
c)	Price(s) and volume (s)	Price(s)		Volume(s)
		106.56p		17,408
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		106.56p	17,408		£18,549.96
e)	Date of the transaction	10 May 2024
f)	Place of the transaction	N/A

For further information visit www.ceres.tech or contact:

Ceres Power Holdings plc Marianne Millard (Deputy Company Secretary)	Tel: [phone]
Berenberg (Joint Broker) Ben Wright/ Mark Whitmore	Tel: [phone]
FTI Consulting (PR Adviser) Dwight Burden	Tel: [phone] Email: [e-mail]

About Ceres Power

Ceres is a leading developer of clean energy technology; electrolysis for the creation of green hydrogen and fuel cells for power generation. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest companies, such as Bosch, Doosan, Shell and Weichai. Ceres' solid oxide platform technology supports greater electrification of our energy systems and produces green hydrogen at high-efficiencies as a route to decarbonise emissions-intensive industries such as steelmaking, ammonia, and future fuels.  Ceres is listed on the London Stock Exchange ("LSE") (LSE: 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.

 

END