Ceres Power Holdings plc Grant of Share Options under the Sharesave Scheme (1405Y)
May 02 2023 - 6:47AM
UK Regulatory
TIDMCWR
RNS Number : 1405Y
Ceres Power Holdings plc
02 May 2023
2 May 2023
Ceres Power Holdings plc
("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 28 April 2023 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 893,612 ordinary shares of 10
pence of the Company ("Ordinary Shares") have been granted. These
options will be exercisable between 1 June 2026 and 30 November
2026 at an exercise price of GBP3.128 per share.
The following grants were made to Persons Discharging Managerial
Responsibilities ("PDMRs"):
Name Position Options Granted
Chief Executive
Philip Caldwell Officer 2,877
------------------ ----------------
Chief Technology
Caroline Hargrove Officer 5,754
------------------ ----------------
Chief Financial
Eric Lakin Officer 2,877
------------------ ----------------
Michelle Traynor People Director 3,452
------------------ ----------------
The notification of dealing forms can be found below.
This notification is made in accordance with the requirements of
the UK Market Abuse Regulation.
Notification of dealing form
1 Details of the person discharging managerial responsibilities/ person closely associated
a) Name Phil Caldwell
----------------------------- ---------------------------------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------------------------------
a) Position/Status PDMR
----------------------------- ---------------------------------------------------------------------------------
b) Initial Initial notification
notification/Amendment
----------------------------- ---------------------------------------------------------------------------------
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 Sharesave options over Ordinary Shares of 10 pence each
instrument, ISIN: GB00BG5KQW09
type of instrument
Identification code
----------------------------- ---------------------------------------------------------------------------------
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)
----------------------------- ------------------------------------------ -------------------------------------
GBP3.128 2,877
------------------------------------------ -------------------------------------
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
----------------------------- ----------------------------- -------------------- ----------------------------
GBP3.128 2,877 GBP8,999.26
----------------------------- ------------------------------------------------------- ----------------------------
e) Date of the transaction 28 April 2023
----------------------------- ---------------------------------------------------------------------------------
f) Place of the transaction N/A
----------------------------- ---------------------------------------------------------------------------------
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 Initial notification
notification/Amendment
----------------------------- ---------------------------------------------------------------------------------
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 Sharesave options over Ordinary Shares of 10 pence each
instrument, ISIN: GB00BG5KQW09
type of instrument
Identification code
----------------------------- ---------------------------------------------------------------------------------
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)
----------------------------- ------------------------------------------ -------------------------------------
GBP3.128 5,754
------------------------------------------ -------------------------------------
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
----------------------------- ----------------------------- -------------------- ----------------------------
GBP3.128 5,754 GBP17,998.51
----------------------------- ------------------------------------------------------- ----------------------------
e) Date of the transaction 28 April 2023
----------------------------- ---------------------------------------------------------------------------------
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 Initial notification
notification/Amendment
----------------------------- ---------------------------------------------------------------------------------
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 Sharesave options over Ordinary Shares of 10 pence each
instrument, ISIN: GB00BG5KQW09
type of instrument
Identification code
----------------------------- ---------------------------------------------------------------------------------
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)
----------------------------- ------------------------------------------ -------------------------------------
GBP3.128 2,877
------------------------------------------ -------------------------------------
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
----------------------------- ----------------------------- -------------------- ----------------------------
GBP3.128 2,877 GBP8,999.26
----------------------------- ------------------------------------------------------- ----------------------------
e) Date of the transaction 28 April 2023
----------------------------- ---------------------------------------------------------------------------------
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 Initial notification
notification/Amendment
----------------------------- ---------------------------------------------------------------------------------
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 Sharesave options over Ordinary Shares of 10 pence each
instrument, ISIN: GB00BG5KQW09
type of instrument
Identification code
----------------------------- ---------------------------------------------------------------------------------
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)
----------------------------- ------------------------------------------ -------------------------------------
GBP3.128 3,452
------------------------------------------ -------------------------------------
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
----------------------------- ----------------------------- -------------------- ----------------------------
GBP3.128 3,452 GBP10,797.86
----------------------------- ------------------------------------------------------- ----------------------------
e) Date of the transaction 28 April 2023
----------------------------- ---------------------------------------------------------------------------------
f) Place of the transaction N/A
----------------------------- ---------------------------------------------------------------------------------
For further information visit www.ceres.tech or contact:
Ceres Power Holdings plc Tel: +44 (0)7752 470802
Marianne Millard (Deputy Company
Secretary)
Investec Bank PLC (NOMAD & Joint Tel: +44 (0)207 597 5970
Broker)
James Rudd / Patrick Robb/ Ben
Griffiths
Berenberg (Joint Broker) Tel: +44 (0)203 207 7800
Ben Wright/ Mark Whitmore
FTI Consulting (PR Adviser) Tel: +44 (0)203 727 1000
Dwight Burden Email: ceres_power@fticonsulting.com
About Ceres Power
Ceres is a world-leading developer of electrochemical
technologies: fuel cells for power generation, electrolysis for the
creation of green hydrogen and energy storage. Its asset-light,
licensing model has seen it establish partnerships with some of the
world's largest engineering and technology companies, such as
Weichai in China, Bosch in Germany, Miura in Japan, and Doosan in
Korea, to develop systems and products that address climate change
for power generation, transportation, industry, data centres and
everyday living. Ceres is listed on the AIM market of the London
Stock Exchange ("LSE") (AIM: 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.
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END
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