TIDMCWR
RNS Number : 4267J
Ceres Power Holdings plc
27 April 2022
27 April 2022
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 26 April 2022 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 393,530 ordinary shares of 10
pence of the Company ("Ordinary Shares") have been granted. These
options will be exercisable between 1 June 2025 and 30 November
2025 at an exercise price of 596p per share.
Included in the above is the grant of options to the following
Persons Discharging Managerial Responsibilities ("PDMRs"):
Philip Caldwell (Chief Executive Officer) 1,510
Geraint Castleton-White (Chief Programmes
Officer) 3,020
Deborah Grimason (General Counsel and
Company Secretary) 3,020
Caroline Hargrove (Chief Technology Officer) 3,020
Eric Lakin (Chief Financial Officer) 3,020
Michelle Traynor (People Director) 1,208
Total Voting Rights
As at 26 April 2022, the Company's issued share comprised
190,890,745 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 190,890,745.
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.
Details of the person discharging managerial responsibilities/person closely associated
1
a) Name Philip Caldwell
------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive 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 Sharesave options over 10p ordinary shares
instrument
Identification code 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)
596 pence 1,510 n/a
------------------------------------------------------- -------------------------------------------------------
d) Aggregated information Exercise Price(s) Volume(s) Sales Price(s)
596 pence 1,510 n/a
------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 26 April 2022
------------------------------------------------------- -------------------------------------------------------
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, 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 transactions have been
conducted
------------------------------------------------------------------------------------------------
a) Description of the Sharesave options over 10p ordinary shares
financial instrument,
type of instrument ISIN GB00BG5KQW09
Identification code
------------------------------------ ----------------------------------------------------------
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)
596 pence 3,020 n/a
------------------------------------ ----------------------------------------------------------
d) Aggregated information Exercise Price(s) Volume(s) Sales Price(s)
596 pence 3,020 n/a
------------------------------------ ----------------------------------------------------------
e) Date of the transaction 26 April 2022
------------------------------------ ----------------------------------------------------------
f) Place of the transaction N/A
------------------------------------ ----------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Deborah Grimason
------------------------------------ ----------------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------
a) Position/status General Counsel and Company Secretary,
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 transactions have been
conducted
------------------------------------------------------------------------------------------------
a) Description of the Sharesave options over 10p ordinary shares
financial instrument,
type of instrument ISIN GB00BG5KQW09
Identification code
------------------------------------ ----------------------------------------------------------
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)
596 pence 3,020 n/a
------------------------------------ ----------------------------------------------------------
d) Aggregated information Exercise Price(s) Volume(s) Sales Price(s)
596 pence 3,020 n/a
------------------------------------ ----------------------------------------------------------
e) Date of the transaction 26 April 2022
------------------------------------ ----------------------------------------------------------
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 Chief Technology Officer, 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 transactions have been
conducted
------------------------------------------------------------------------------------------------
a) Description of the Sharesave options over 10p ordinary shares
financial instrument,
type of instrument ISIN GB00BG5KQW09
Identification code
------------------------------------ ----------------------------------------------------------
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)
596 pence 3,020 n/a
------------------------------------ ----------------------------------------------------------
d) Aggregated information Exercise Price(s) Volume(s) Sales Price(s)
596 pence 3,020 n/a
------------------------------------ ----------------------------------------------------------
e) Date of the transaction 26 April 2022
------------------------------------ ----------------------------------------------------------
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 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 Sharesave options over 10p ordinary shares
financial instrument,
type of instrument ISIN GB00BG5KQW09
Identification code
------------------------------------ ----------------------------------------------------------
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)
596 pence 3,020 n/a
------------------------------------ ----------------------------------------------------------
d) Aggregated information Exercise Price(s) Volume(s) Sales Price(s)
596 pence 3,020 n/a
------------------------------------ ----------------------------------------------------------
e) Date of the transaction 26 April 2022
------------------------------------ ----------------------------------------------------------
f) Place of the transaction N/A
------------------------------------ ----------------------------------------------------------
Details of the person discharging managerial responsibilities/person closely associated
1
a) Name Michelle Traynor
------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------------------------------
a) Position/status People Director, 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 transactions have been
conducted
----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Sharesave options over 10p ordinary shares
instrument
Identification code 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)
596 pence 1,208 n/a
------------------------------------------------------- -------------------------------------------------------
d) Aggregated information Exercise Price(s) Volume(s) Sales Price(s)
596 pence 1,208 n/a
------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 26 April 2022
------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction N/A
------------------------------------------------------- -------------------------------------------------------
Ends
For further information visit www.ceres.tech or contact:
Ceres Power Holdings plc
Elizabeth Skerritt Tel: +44 (0)7932 023283
Investec Bank PLC (NOMAD & Joint Broker)
Jeremy Ellis / Patrick Robb / Ben Tel: +44 (0)207 597 5970
Griffiths
Berenberg (Joint Broker)
Ben Wright / Mark Whitmore Tel: +44 (0)203 207 7800
FTI Consulting (Financial PR) 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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