Ceres Power Holdings plc Grant of Share Options under the Sharesave Scheme (1405Y)

TIDMCWR

RNS Number : 1405Y

Ceres Power Holdings plc

02 May 2023

2 May 2023

Ceres Power Holdings plc

("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 28 April 2023 under the Ceres Power Holdings plc 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 893,612 ordinary shares of 10 pence of the Company ("Ordinary Shares") have been granted. These options will be exercisable between 1 June 2026 and 30 November 2026 at an exercise price of GBP3.128 per share.

The following grants were made to Persons Discharging Managerial Responsibilities ("PDMRs"):

 
        Name              Position        Options Granted 
                      Chief Executive 
 Philip Caldwell       Officer                 2,877 
                     ------------------  ---------------- 
                      Chief Technology 
 Caroline Hargrove     Officer                 5,754 
                     ------------------  ---------------- 
                      Chief Financial 
 Eric Lakin            Officer                 2,877 
                     ------------------  ---------------- 
 Michelle Traynor     People Director          3,452 
                     ------------------  ---------------- 
 

The notification of dealing forms can be found below.

This notification is made in accordance with the requirements of the UK Market Abuse Regulation.

Notification of dealing form

 
  1    Details of the person discharging managerial responsibilities/ person closely associated 
 a)    Name                           Phil Caldwell 
      -----------------------------  --------------------------------------------------------------------------------- 
  2    Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Position/Status                PDMR 
      -----------------------------  --------------------------------------------------------------------------------- 
 b)    Initial                        Initial notification 
       notification/Amendment 
      -----------------------------  --------------------------------------------------------------------------------- 
  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 transaction have been 
        conducted 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Description of the financial   Sharesave options over Ordinary Shares of 10 pence each 
       instrument,                     ISIN: GB00BG5KQW09 
       type of instrument 
       Identification code 
      -----------------------------  --------------------------------------------------------------------------------- 
 b)    Nature of the transaction      Grant of share options under the Ceres Power Holdings plc Sharesave Scheme 
      -----------------------------  --------------------------------------------------------------------------------- 
 c)    Price(s) and volume (s)        Price(s)                                    Volume(s) 
      -----------------------------  ------------------------------------------  ------------------------------------- 
                                     GBP3.128                                                    2,877 
  ------------------------------------------                                     ------------------------------------- 
 d)    Aggregated information         Aggregate Price                Aggregate Volume      Aggregate Total 
        -Aggregated volume 
        -Price 
      -----------------------------  -----------------------------  --------------------  ---------------------------- 
             GBP3.128                                     2,877                                    GBP8,999.26 
  -----------------------------  -------------------------------------------------------  ---------------------------- 
 e)    Date of the transaction        28 April 2023 
      -----------------------------  --------------------------------------------------------------------------------- 
 f)    Place of the transaction       N/A 
      -----------------------------  --------------------------------------------------------------------------------- 
 
 
 
  1    Details of the person discharging managerial responsibilities/ person closely associated 
 a)    Name                           Caroline Hargrove 
      -----------------------------  --------------------------------------------------------------------------------- 
  2    Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Position/Status                PDMR 
      -----------------------------  --------------------------------------------------------------------------------- 
 b)    Initial                        Initial notification 
       notification/Amendment 
      -----------------------------  --------------------------------------------------------------------------------- 
  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 transaction have been 
        conducted 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Description of the financial   Sharesave options over Ordinary Shares of 10 pence each 
       instrument,                     ISIN: GB00BG5KQW09 
       type of instrument 
       Identification code 
      -----------------------------  --------------------------------------------------------------------------------- 
 b)    Nature of the transaction      Grant of share options under the Ceres Power Holdings plc Sharesave Scheme 
      -----------------------------  --------------------------------------------------------------------------------- 
 c)    Price(s) and volume (s)        Price(s)                                    Volume(s) 
      -----------------------------  ------------------------------------------  ------------------------------------- 
                                     GBP3.128                                                    5,754 
  ------------------------------------------                                     ------------------------------------- 
 d)    Aggregated information         Aggregate Price                Aggregate Volume      Aggregate Total 
        -Aggregated volume 
        -Price 
      -----------------------------  -----------------------------  --------------------  ---------------------------- 
             GBP3.128                                     5,754                                   GBP17,998.51 
  -----------------------------  -------------------------------------------------------  ---------------------------- 
 e)    Date of the transaction        28 April 2023 
      -----------------------------  --------------------------------------------------------------------------------- 
 f)    Place of the transaction       N/A 
      -----------------------------  --------------------------------------------------------------------------------- 
 
 
 
  1    Details of the person discharging managerial responsibilities/ person closely associated 
 a)    Name                           Eric Lakin 
      -----------------------------  --------------------------------------------------------------------------------- 
  2    Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Position/Status                PDMR 
      -----------------------------  --------------------------------------------------------------------------------- 
 b)    Initial                        Initial notification 
       notification/Amendment 
      -----------------------------  --------------------------------------------------------------------------------- 
  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 transaction have been 
        conducted 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Description of the financial   Sharesave options over Ordinary Shares of 10 pence each 
       instrument,                     ISIN: GB00BG5KQW09 
       type of instrument 
       Identification code 
      -----------------------------  --------------------------------------------------------------------------------- 
 b)    Nature of the transaction      Grant of share options under the Ceres Power Holdings plc Sharesave Scheme 
      -----------------------------  --------------------------------------------------------------------------------- 
 c)    Price(s) and volume (s)        Price(s)                                    Volume(s) 
      -----------------------------  ------------------------------------------  ------------------------------------- 
                                     GBP3.128                                                    2,877 
  ------------------------------------------                                     ------------------------------------- 
 d)    Aggregated information         Aggregate Price                Aggregate Volume      Aggregate Total 
        -Aggregated volume 
        -Price 
      -----------------------------  -----------------------------  --------------------  ---------------------------- 
             GBP3.128                                     2,877                                    GBP8,999.26 
  -----------------------------  -------------------------------------------------------  ---------------------------- 
 e)    Date of the transaction        28 April 2023 
      -----------------------------  --------------------------------------------------------------------------------- 
 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                PDMR 
      -----------------------------  --------------------------------------------------------------------------------- 
 b)    Initial                        Initial notification 
       notification/Amendment 
      -----------------------------  --------------------------------------------------------------------------------- 
  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 transaction have been 
        conducted 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Description of the financial   Sharesave options over Ordinary Shares of 10 pence each 
       instrument,                     ISIN: GB00BG5KQW09 
       type of instrument 
       Identification code 
      -----------------------------  --------------------------------------------------------------------------------- 
 b)    Nature of the transaction      Grant of share options under the Ceres Power Holdings plc Sharesave Scheme 
      -----------------------------  --------------------------------------------------------------------------------- 
 c)    Price(s) and volume (s)        Price(s)                                    Volume(s) 
      -----------------------------  ------------------------------------------  ------------------------------------- 
                                     GBP3.128                                                    3,452 
  ------------------------------------------                                     ------------------------------------- 
 d)    Aggregated information         Aggregate Price                Aggregate Volume      Aggregate Total 
        -Aggregated volume 
        -Price 
      -----------------------------  -----------------------------  --------------------  ---------------------------- 
             GBP3.128                                     3,452                                   GBP10,797.86 
  -----------------------------  -------------------------------------------------------  ---------------------------- 
 e)    Date of the transaction        28 April 2023 
      -----------------------------  --------------------------------------------------------------------------------- 
 f)    Place of the transaction       N/A 
      -----------------------------  --------------------------------------------------------------------------------- 
 
 

For further information visit www.ceres.tech or contact:

 
 Ceres Power Holdings plc            Tel: [phone] 
  Marianne Millard (Deputy Company 
  Secretary) 
 Investec Bank PLC (NOMAD & Joint    Tel: [phone] 
  Broker) 
  James Rudd / Patrick Robb/ Ben 
  Griffiths 
 Berenberg (Joint Broker)            Tel: [phone] 
  Ben Wright/ Mark Whitmore 
 FTI Consulting (PR Adviser)         Tel: [phone] 
  Dwight Burden                       Email: [e-mail] 
 

About Ceres Power

Ceres is a world-leading developer of electrochemical technologies: fuel cells for power generation, electrolysis for the creation of green hydrogen and energy storage. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest engineering and technology companies, such as Weichai in China, Bosch in Germany, Miura in Japan, and Doosan in Korea, to develop systems and products that address climate change for power generation, transportation, industry, data centres and everyday living. Ceres is listed on the AIM market of the London Stock Exchange ("LSE") (AIM: CWR) and is classified by the LSE Green Economy Mark, which recognises listed companies that derive more than 50% of their activity from the green economy.

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May 02, 2023 07:47 ET (11:47 GMT)