Ceres Power Holdings plc Grant of Share Options under Sharesave Scheme (4603X)
30 April 2019 - 4:01PM
UK Regulatory
TIDMCWR
RNS Number : 4603X
Ceres Power Holdings plc
30 April 2019
30 April 2019
Ceres Power Holdings plc
("Ceres Power" or the "Company")
Grant of Share Options under the Sharesave Scheme
Ceres Power Holdings plc (AIM: CWR) announces the grant of
options on 29 April 2019 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 581,543 ordinary shares of 10
pence of the Company ("Ordinary Shares") have been granted. These
options will be exercisable between 1 June 2022 and 30 November
2022 at an exercise price of 126.6p per share.
Included in the above is the grant of options to the following
Persons Discharging Managerial Responsibilities ("PDMR"):
Phil Caldwell (CEO) 7,109; Richard Preston (CFO) 7,109; Mark
Selby (CTO) 14,218; and James Falla (COO) 14,218.
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 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 ISIN GB00BG5KQW09
Identification code
------------------------------------------------------------ ---------------------------------------------------
b) Nature of the transaction Grant of Share Options under the Sharesave Scheme
------------------------------------------------------------ ---------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
126.6 pence 7,109
------------------------------------------------------------ ---------------------------------------------------
d) Aggregated information Price(s) Volume(s)
126.6 pence 7,109
------------------------------------------------------------ ---------------------------------------------------
e) Date of the transaction 29 April 2019
------------------------------------------------------------ ---------------------------------------------------
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
-----------------------------------------------------------------------------------------------------------------
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 Sharesave Scheme
------------------------------------------------------------ ---------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
126.6 pence 7,109
------------------------------------------------------------ ---------------------------------------------------
d) Aggregated information Price(s) Volume(s)
126.6 pence 7,109
------------------------------------------------------------ ---------------------------------------------------
e) Date of the transaction 29 April 2019
------------------------------------------------------------ ---------------------------------------------------
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
-----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Technology 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 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 Sharesave Scheme
------------------------------------------------------------ ---------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
126.6 pence 14,218
------------------------------------------------------------ ---------------------------------------------------
d) Aggregated information Price(s) Volume(s)
126.6 pence 14,218
------------------------------------------------------------ ---------------------------------------------------
e) Date of the transaction 29 April 2019
------------------------------------------------------------ ---------------------------------------------------
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
-----------------------------------------------------------------------------------------------------------------
a) Position/status Chief Operating 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 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 Sharesave Scheme
------------------------------------------------------------ ---------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
126.6 pence 14,218
------------------------------------------------------------ ---------------------------------------------------
d) Aggregated information Price(s) Volume(s)
126.6 pence 14,218
------------------------------------------------------------ ---------------------------------------------------
e) Date of the transaction 29 April 2019
------------------------------------------------------------ ---------------------------------------------------
f) Place of the transaction N/A
------------------------------------------------------------ ---------------------------------------------------
Ceres Power Holdings plc Tel: +44 (0)1403 273 463
Phil Caldwell, CEO
Richard Preston, CFO
Investec Bank plc (Nominated Tel: +44 (0) 20 7597 4000
Adviser and Broker)
Jeremy Ellis / Patrick Robb
/ Richard Short
Berenberg (Joint Broker) Tel: +44 (0) 20 3207 7800
Ben Wright / Mark Whitmore
Powerscourt Tel: +44 (0) 207 250 1446
Peter Ogden/James White/Niall
Walsh
Notes to Editors:
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. Ceres Power's 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 offers 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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