Ceres Power Holdings plc Grant of Long Term Incentive Plan Awards (2513L)
September 29 2016 - 10:23AM
UK Regulatory
TIDMCWR
RNS Number : 2513L
Ceres Power Holdings plc
29 September 2016
29 September 2016
Ceres Power Holdings Plc
("Ceres Power", "the Company" or "the Group")
GRANT OF LONG TERM INCENTIVE PLAN AWARDS
Ceres Power Holdings plc (AIM: CWR) announces that today, 29
September 2016, LTIP share options were awarded to Executive
Directors and PDMRs of the Company as follows:
Philip Caldwell (CEO) 6,507,000; Richard Preston (CFO)
1,302,000; Mark Selby (CTO) 1,245,000; James Falla (COO) 2,589,000;
and Anthony Cochrane (CCO) 2,390,000.
These LTIP share options, of the Company's ordinary shares of 1
pence each, are nominal value options and only vest depending on
achievement against certain challenging share price and commercial
targets over their three year performance period. A further two
year holding period in addition to the three year vesting period
applies to these awards.
For further information please contact:
Ceres Power Holdings plc Tel: +44 (0)1403
Phil Caldwell, CEO 273 463
Richard Preston, CFO
Zeus Capital Limited (Nominated Tel: +44 (0) 20 3829
Adviser and Broker) 5000
Phil Walker/Andrew Jones
Tavistock Tel: +44 (0) 20 7920
Mike Bartlett/James Collins 3150
Notes to Editors:
About Ceres Power
Ceres Power (http://www.cerespower.com/) 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. The Ceres Power unique patented Steel Cell 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 Steel Cell technology and
know-how, combined with the opportunity to supply the Steel Cell in
volume through its manufacturing partners.
1 Details of the person discharging managerial responsibilities/person closely associated
---- -----------------------------------------------------------------------------------------------
a) Name Philip Caldwell
---- --------------------------------------------- ------------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------------------------------
Chief Executive Officer, Director
a) Position/status
---- --------------------------------------------- ------------------------------------------------
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 N/A
---- --------------------------------------------- ------------------------------------------------
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 Nominal value options over 1p
financial instrument, ordinary shares
type of instrument
ISIN GB00B0351429
Identification code
---- --------------------------------------------- ------------------------------------------------
b) Nature of the transaction Grant of Long Term Incentive Plan
Awards
---- --------------------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
N/A 6,507,000
---------- ----------
---- --------------------------------------------- ------------------------------------------------
d) Aggregated information Price(s) Volume(s)
---------- ----------
N/A 6,507,000
---------- ----------
---- --------------------------------------------- ------------------------------------------------
e) Date of the transaction 29 September 2016
---- --------------------------------------------- ------------------------------------------------
f) Place of the transaction N/A
---- --------------------------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
---- -----------------------------------------------------------------------------------------------
a) Name Richard Preston
---- --------------------------------------------- ------------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------------------------------
Chief Financial Officer, Director
a) Position/status
---- --------------------------------------------- ------------------------------------------------
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 N/A
---- --------------------------------------------- ------------------------------------------------
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 Nominal value options over 1p
financial instrument, ordinary shares
type of instrument ISIN GB00B0351429
Identification code
---- --------------------------------------------- ------------------------------------------------
b) Nature of the transaction Grant of Long Term Incentive Plan
Awards
---- --------------------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
N/A 1,302,000
---------- ----------
---- --------------------------------------------- ------------------------------------------------
d) Aggregated information Price(s) Volume(s)
---------- ----------
N/A 1,302,000
---------- ----------
---- --------------------------------------------- ------------------------------------------------
e) Date of the transaction 29 September 2016
---- --------------------------------------------- ------------------------------------------------
f) Place of the transaction N/A
---- --------------------------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
---- -----------------------------------------------------------------------------------------------
a) Name Mark Selby
---- --------------------------------------------- ------------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------------------------------
Chief Technical Officer, Director
a) Position/status
---- --------------------------------------------- ------------------------------------------------
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 N/A
---- --------------------------------------------- ------------------------------------------------
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 Nominal value options over 1p
financial instrument, ordinary shares
type of instrument ISIN GB00B0351429
Identification code
---- --------------------------------------------- ------------------------------------------------
b) Nature of the transaction Grant of Long Term Incentive Plan
Awards
---- --------------------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
N/A 1,245,000
---------- ----------
---- --------------------------------------------- ------------------------------------------------
d) Aggregated information Price(s) Volume(s)
---------- ----------
N/A 1,245,000
---------- ----------
---- --------------------------------------------- ------------------------------------------------
e) Date of the transaction 29 September 2016
---- --------------------------------------------- ------------------------------------------------
f) Place of the transaction N/A
---- --------------------------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
---- -----------------------------------------------------------------------------------------------
a) Name James Falla
---- --------------------------------------------- ------------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------------------------------
Chief Operating Officer, PDMR
a) Position/status
---- --------------------------------------------- ------------------------------------------------
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 N/A
---- --------------------------------------------- ------------------------------------------------
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 Nominal value options over 1p
financial instrument, ordinary shares
type of instrument ISIN GB00B0351429
Identification code
---- --------------------------------------------- ------------------------------------------------
b) Nature of the transaction Grant of Long Term Incentive Plan
Awards
---- --------------------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
N/A 2,589,000
---------- ----------
---- --------------------------------------------- ------------------------------------------------
d) Aggregated information Price(s) Volume(s)
---------- ----------
N/A 2,589,000
---------- ----------
---- --------------------------------------------- ------------------------------------------------
e) Date of the transaction 29 September 2016
---- --------------------------------------------- ------------------------------------------------
f) Place of the transaction N/A
---- --------------------------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
---- -----------------------------------------------------------------------------------------------
a) Name Anthony Cochrane
---- --------------------------------------------- ------------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------------------------------
Chief Commercial Officer, PDMR
a) Position/status
---- --------------------------------------------- ------------------------------------------------
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 N/A
---- --------------------------------------------- ------------------------------------------------
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 Nominal value options over 1p
financial instrument, ordinary shares
type of instrument ISIN GB00B0351429
Identification code
---- --------------------------------------------- ------------------------------------------------
b) Nature of the transaction Grant of Long Term Incentive Plan
Awards
---- --------------------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
N/A 2,390,000
---------- ----------
---- --------------------------------------------- ------------------------------------------------
d) Aggregated information Price(s) Volume(s)
---------- ----------
N/A 2,390,000
---------- ----------
---- --------------------------------------------- ------------------------------------------------
e) Date of the transaction 29 September 2016
---- --------------------------------------------- ------------------------------------------------
f) Place of the transaction N/A
---- --------------------------------------------- ------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHLLMATMBTTBMF
(END) Dow Jones Newswires
September 29, 2016 11:23 ET (15:23 GMT)
Ceres Power (LSE:CWR)
Historical Stock Chart
From Apr 2024 to May 2024
Ceres Power (LSE:CWR)
Historical Stock Chart
From May 2023 to May 2024