TIDMCWR
RNS Number : 7122U
Ceres Power Holdings plc
07 April 2021
7 April 2021
Ceres Power Holdings plc (AIM: CWR)
("Ceres Power" or the "Company")
PDMRs' dealings, Total Voting Rights
Ceres Power Holdings plc (the "Company"), a global leader in
fuel cell and electrochemical technology, announces the following
share transactions carried out by a Director and persons
discharging managerial responsibilities (PDMRs) on 6 April
2021.
Richard Preston (Chief Financial Officer) exercised share
options under the Ceres Power Sharesave Scheme and retained the
shares and Tony Cochrane (Chief Commercial Officer) and Mark Selby
(Chief Technology Officer), members of the executive management
team, each exercised options and sold the resulting shares.
Options Shares Weighted Sale price Options Current
exercised sold average remaining shareholding
exercise after exercise
price
---------------- ---------- --------------- --------- ---------- --------------- -------------
Richard Preston 8,490 0 106.00p n/a 537,795 68,131
Tony Cochrane 100,000 100,000 10.0p 1253.13p 615,175 -
Mark Selby 16,798 16,798 85.4p 1253.13p 388,205 39,909
As part of the exercise of some options by Mark Selby, he sold
18,000 Employee Shareholder Status (ESS) shares in the Company's
subsidiary, Ceres Power Intermediate Holdings Ltd, which were
granted as a modification to the unexercised 2004 Employees' Share
Scheme options in 2013.
The Company remuneration policy on PDMR shareholding is that the
CEO should hold a minimum of 150% of salary in shares and
exercisable share options, and all other Directors and PDMRs a
minimum of 100% of salary. This policy helps to ensure that the
interests of the investors remain aligned with those of Directors
and management. Following the above transactions, the PDMRs above
each retain a combined value of shareholdings and exercisable
options significantly above these thresholds.
Total Voting Rights
As at 7 April 2021, the Company's issued share comprised
186,021,467 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 186,021,467.
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.
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 Nominal value options over 10p ordinary shares
instrument ISIN GB00BG5KQW09
Identification code
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Exercise of Share Options under the Ceres Power
Sharesave Scheme
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Exercise Price(s) Volume(s) Sales Price(s)
106.0 pence 8,490 n/a
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information Exercise Price(s) Volume(s) Sales Price(s)
106.0 pence 8,490 n/a
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 6 April 2021
-------------------------------------------------------- -------------------------------------------------------
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 Nominal value options over 10p ordinary shares
instrument ISIN GB00BG5KQW09
Identification code
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Exercise of Share Options under the Ceres Power Long
Term Incentive Plan Scheme and the sale
of the resulting shares
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Exercise Price(s) Volume(s) Sales Price(s)
10.0 pence 100,000 1253.13p
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information Exercise Price(s) Volume(s) Sales Price(s)
10.0 pence 100,000 1253.13p
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 6 April 2021
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange (sale of shares)
-------------------------------------------------------- -------------------------------------------------------
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 Nominal value options over 10p ordinary
financial instrument, shares
type of instrument ISIN GB00BG5KQW09
Identification code
------------------------------------ ----------------------------------------------------------
b) Nature of the transaction Exercise of Share Options under the
Ceres Power 2004 Employees Share Option
Scheme and the sale of the resulting
shares. As part of the exercise of these
options, Mark Selby sold 18,000 Employee
Shareholder Status (ESS) shares in the
Company's subsidiary, Ceres Power Intermediate
Holdings Ltd, which were granted as
a modification to the unexercised 2004
Employees' Share Scheme options in 2014.
------------------------------------ ----------------------------------------------------------
c) Price(s) and volume(s) Exercise Price(s) Volume(s) Sales Price(s)
85.4 pence 16,798 1253.13p
------------------------------------ ----------------------------------------------------------
d) Aggregated information Exercise Price(s) Volume(s) Sales Price(s)
85.4 pence 16,798 1253.13p
------------------------------------ ----------------------------------------------------------
e) Date of the transaction 6 April 2021
------------------------------------ ----------------------------------------------------------
f) Place of the transaction London Stock Exchange (sale of shares)
------------------------------------ ----------------------------------------------------------
- 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)
Harry Spencer / Hoda Awad Tel: +44 (0)7808 885
557
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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