Ceres Power Holdings plc Notifications of transactions by PDMRs (7184O)

TIDMCWR

RNS Number : 7184O

Ceres Power Holdings plc

04 October 2023

4 October 2023

Ceres Power Holdings plc

("Ceres Power" or "the Company")

Notifications of transactions by Persons Discharging Managerial Responsibilities

(together 'PDMRs')

The Company was notified on 3 October 2023 that Phil Caldwell, CEO and a PDMR of the Company, exercised share options under the Ceres Power Holdings plc 2004 Employees' Share Option Scheme and retained all of the shares. Details are set out below:

 
      Name          Share        Shares       Total      Option       Share        Shareholding 
                    options     purchased     shares     exercise    purchase    after transaction 
                   exercised                 acquired     price       price 
 Phil Caldwell      11,859       81,746      93,605       85.4p      320.4p          365,888 
                 -----------  -----------  ----------  ----------  ----------  ------------------- 
 

As part of the exercise of share options by Phil Caldwell, he acquired a total of 93,605 shares in the Company, of which 81,746 shares in the Company were received in return for 123,313 Employee Shareholder Status (ESS) shares in the Company's subsidiary, Ceres Power Intermediate Holdings Limited, which had been acquired as a modification to the unexercised 2004 Employees' Share Scheme options in 2014 and 2015. He also exercised 11,859 ESS-linked options in the Company. All of the shares acquired were retained.

The notification of dealing form can be found below.

This notification is made in accordance with the requirements of Article 19 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 - CEO 
      -----------------------------  --------------------------------------------------------------------------------- 
 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   Ordinary Shares of 10 pence each 
       instrument,                     ISIN: GB00BG5KQW09 
       type of instrument 
       Identification code 
      -----------------------------  --------------------------------------------------------------------------------- 
 b)    Nature of the transaction      Exercise of Share Options under the Ceres Power Holdings plc 2004 Employees' 
                                      Share Option 
                                      Scheme and disposal of Employee Shareholder Status shares in Ceres Power 
                                      Intermediate Holdings 
                                      Limited 
      -----------------------------  --------------------------------------------------------------------------------- 
 c)    Price(s) and volume (s)        Price(s)                                   Volume(s) 
                                     -----------------------------------------  -------------------------------------- 
                                                     85.4 pence                                 11,859 
                                   320.4 pence                                                   81,746 
  -----------------------------------------                                     -------------------------------------- 
 d)    Aggregated information         Aggregate Price                Aggregate Volume      Aggregate Total 
        -Aggregated volume 
        -Price 
                                     -----------------------------                        ---------------------------- 
             GBP2.906                                     93,605                                  GBP272,041.77 
  -----------------------------  -------------------------------------------------------  ---------------------------- 
 e)    Date of the transaction        3 October 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) 
 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 London Stock Exchange ("LSE") (LSE: 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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