Ceres Power Holdings plc Grant of LTIP Awards and Total Voting Rights (7148O)
03 October 2019 - 11:38PM
UK Regulatory
TIDMCWR
RNS Number : 7148O
Ceres Power Holdings plc
03 October 2019
3 October 2019
Ceres Power Holdings plc
("Ceres Power" or the "Company")
GRANT OF LONG TERM INCENTIVE PLAN ("LTIP") AWARDS
AND TOTAL VOTING RIGHTS
Ceres Power Holdings plc (AIM: CWR) announces that today, 3
October 2019, LTIP share options were awarded to Executive
Directors and PDMRs of the Company, as well as other key
employees.
Awards to PDMRs are as follows:
Philip Caldwell (CEO) 161,700; Richard Preston (CFO) 91,340;
Mark Selby (CTO) 91,340; James Falla (COO) 91,340; and Anthony
Cochrane (CCO) 91,340.
These LTIP share options are in respect of the Company's
ordinary shares of 10 pence each and have a nominal value exercise
price. Vesting of the options is conditional upon achieving 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.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
Total Voting Rights
Following the exercise of employee options over 357,998 Ordinary
Shares, Ceres Power confirms that as at 3 October 2019, the Company
had 153,127,810 Ordinary Shares in issue, with one voting right
each. The Company does not hold any shares in treasury. The number
of Ordinary Shares with voting rights is therefore 153,127,810.
Accordingly, these figures may be used by shareholders as a
denominator for the calculations by which they will determine if
they are required to notify their interest in, or change to their
interest in, the Company, under the Disclosure and Transparency
Rules.
For further information, please contact:
Ceres Power Holdings plc Tel: +44 (0)1403 273
Richard Preston 463
Investec Bank PLC (NOMAD & Joint Tel: +44 (0)207 597
Broker) 5970
Jeremy Ellis / Patrick Robb
Berenberg (Joint Broker) Tel: +44 (0) 203 207
Ben Wright / Mark Whitmore 7800
Powerscourt Tel: +44 (0) 20 7250
Peter Ogden / James White 1446
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 SteelCell(R) technology
generates power from widely available fuels such as natural gas and
future fuels such as hydrogen enabling a transition from low to
zero carbon power generation at high efficiency. The SteelCell(R)
is manufactured using standard processing equipment and
conventional materials such as steel, meaning that it can be mass
produced at an affordable price. Ceres Power offers its partners
the opportunity to develop power systems and products using its
unique technology and know-how, as well as the opportunity to
manufacture the SteelCell(R) in volume.
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 instrument Nominal value options over 10p ordinary shares
Identification code ISIN GB00BG5KQW09
------------------------------------------------------------- ------------------------------------------------
b) Nature of the transaction Grant of Long Term Incentive Plan Awards
------------------------------------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
10.0 pence 161,700
------------------------------------------------------------- ------------------------------------------------
d) Aggregated information Price(s) Volume(s)
10.0 pence 161,700
------------------------------------------------------------- ------------------------------------------------
e) Date of the transaction 3 October 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 instrument Nominal value options over 10p ordinary shares
Identification code ISIN GB00BG5KQW09
------------------------------------------------------------- ------------------------------------------------
b) Nature of the transaction Grant of Long Term Incentive Plan Awards
------------------------------------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
10.0 pence 91,340
------------------------------------------------------------- ------------------------------------------------
d) Aggregated information Price(s) Volume(s)
10.0 pence 91,340
------------------------------------------------------------- ------------------------------------------------
e) Date of the transaction 3 October 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, 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 instrument Nominal value options over 10p ordinary shares
Identification code ISIN GB00BG5KQW09
------------------------------------------------------------- ------------------------------------------------
b) Nature of the transaction Grant of Long Term Incentive Plan Awards
------------------------------------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
10.0 pence 91,340
------------------------------------------------------------- ------------------------------------------------
d) Aggregated information Price(s) Volume(s)
10.0 pence 91,340
------------------------------------------------------------- ------------------------------------------------
e) Date of the transaction 3 October 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, 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 instrument Nominal value options over 10p ordinary shares
Identification code ISIN GB00BG5KQW09
------------------------------------------------------------- ------------------------------------------------
b) Nature of the transaction Grant of Long Term Incentive Plan Awards
------------------------------------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
10.0 pence 91,340
------------------------------------------------------------- ------------------------------------------------
d) Aggregated information Price(s) Volume(s)
10.0 pence 91,340
------------------------------------------------------------- ------------------------------------------------
e) Date of the transaction 3 October 2019
------------------------------------------------------------- ------------------------------------------------
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
---------------------------------------------------------------------------------------------------------------
a) Position/status Chief Commercial 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 instrument Nominal value options over 10p ordinary shares
Identification code ISIN GB00BG5KQW09
------------------------------------------------------------- ------------------------------------------------
b) Nature of the transaction Grant of Long Term Incentive Plan Awards
------------------------------------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
10.0 pence 91,340
------------------------------------------------------------- ------------------------------------------------
d) Aggregated information Price(s) Volume(s)
10.0 pence 91,340
------------------------------------------------------------- ------------------------------------------------
e) Date of the transaction 3 October 2019
------------------------------------------------------------- ------------------------------------------------
f) Place of the transaction N/A
------------------------------------------------------------- ------------------------------------------------
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END
MSCXXLFBKBFXFBZ
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