Ceres Power Holdings plc Grant of Share Options under the Sharesave scheme (2717X)
April 30 2021 - 8:28AM
UK Regulatory
TIDMCWR
RNS Number : 2717X
Ceres Power Holdings plc
30 April 2021
30 April 2021
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 30 April 2021 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 162,492 ordinary shares of 10
pence of the Company ("Ordinary Shares") have been granted. These
options will be exercisable between 1 June 2024 and 30 November
2024 at an exercise price of 983.2p per share.
Included in the above is the grant of options to the following
Persons Discharging Managerial Responsibilities ("PDMRs"):
Richard Preston (CFO) 915
Michelle Traynor (People Director) 732
Grant Castleton-White (CPO) 1,830
Total Voting Rights
As at 30 April 2021, the Company's issued share comprised
186,289,405 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 186,289,405.
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.
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Richard Preston
-------------------------------------------------------- -------------------------------------------------------
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 financial instrument, type of Sharesave options over 10p ordinary shares
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)
983.2 pence 915 n/a
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information Exercise Price(s) Volume(s) Sales Price(s)
983.2 pence 915 n/a
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 30 April 2021
-------------------------------------------------------- -------------------------------------------------------
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 People 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 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)
983.2 pence 732 n/a
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information Exercise Price(s) Volume(s) Sales Price(s)
983.2 pence 732 n/a
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 30 April 2021
-------------------------------------------------------- -------------------------------------------------------
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
------------------------------------ ----------------------------------------------------------
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, ISIN GB00BG5KQW09
type of instrument
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)
983.2 pence 1,830 n/a
------------------------------------ ----------------------------------------------------------
d) Aggregated information Exercise Price(s) Volume(s) Sales Price(s)
983.2 pence 1,830 n/a
------------------------------------ ----------------------------------------------------------
e) Date of the transaction 30 April 2021
------------------------------------ ----------------------------------------------------------
f) Place of the transaction N/A
------------------------------------ ----------------------------------------------------------
- Ends -
For further information, please 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
Madano (Financial PR)
Michael Evans / Hoda Awad Tel: +44 (0) 20 7593
4000
Notes to Editors:
About Ceres Power
Ceres is a world-leading developer of solid oxide
electrochemical technology for applications in fuel cells and
hydrogen that enables its partners to deliver clean energy at scale
and speed. Its asset-light, licensing model has seen it embed its
technology in some of the world's most progressive companies - such
as Weichai in China, Bosch in Germany, Miura in Japan, and Doosan
in South Korea - to develop systems and products that address
climate change and air quality challenges for power generation,
transportation and industrial applications. Ceres is listed on the
AIM market of the London Stock Exchange ("LSE") (AIM: CWR.L) and
was awarded the Green Economy Mark by the LSE, which recognises
listed companies that derive more than 50% of their revenues from
the green economy.
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END
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