Ceres Power Holdings plc Director's Dealing (1513K)
December 11 2018 - 10:19AM
UK Regulatory
TIDMCWR
RNS Number : 1513K
Ceres Power Holdings plc
11 December 2018
11 December 2018
Ceres Power Holdings plc
("Ceres Power" or the "Company")
Director's Dealing
Ceres Power Holdings plc (AIM: CWR) announces that today, 11
December 2018, Stephen Callaghan, Non-Executive Director, exercised
share options under the Ceres Power 2004 Employees Share Option
Scheme, and retained the shares.
The share options exercised by Mr Callaghan related to 150,000
ordinary shares of 10p each in the Company ("Ordinary Shares") at
an exercise price of 98.75 pence per share, increasing his
shareholding to 556,279 Ordinary Shares, representing approximately
0.41 per cent. of the issued Ordinary Shares of the Company.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Stephen Callaghan
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Senior Independent Director, 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 10p ordinary shares
instrument ISIN GB00BG5KQW09
Identification code
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Exercise of Share Options under the Ceres Power 2004
Employees Share Option Scheme and purchase
of shares
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
98.75 pence 150,000
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information Price(s) Volume(s)
98.75 pence 150,000
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 11 December 2018
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction N/A
-------------------------------------------------------- -------------------------------------------------------
- Ends -
For further information, please contact:
Ceres Power Holdings plc Tel: +44 (0)1403 273
Richard Preston, CFO 463
Zeus Capital (Nominated Adviser Tel: +44 (0) 20 3829
and Broker) 5000
Andrew Jones / Dom King
Berenberg (Joint Broker) Tel: +44 (0) 203 207
Ben Wright / Mark Whitmore / 7800
Laure Fine
Powerscourt Tel: +44 (0) 20 7250
Peter Ogden/ Niall Walsh 1446
Notes to Editor:
About Ceres Power
Ceres Power 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 SteelCell(R) 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 offer its partners the
opportunity to develop power systems and products using its unique
SteelCell(R) technology and know-how, combined with the opportunity
to supply the SteelCell(R) in volume through its manufacturing
partners. For further information please visit:
http://www.cerespower.com/
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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