Ceres Power Holdings plc Director's Dealing (1513K)

TIDMCWR

RNS Number : 1513K

Ceres Power Holdings plc

11 December 2018

11 December 2018

Ceres Power Holdings plc

("Ceres Power" or the "Company")

Director's Dealing

Ceres Power Holdings plc (AIM: CWR) announces that today, 11 December 2018, Stephen Callaghan, Non-Executive Director, exercised share options under the Ceres Power 2004 Employees Share Option Scheme, and retained the shares.

The share options exercised by Mr Callaghan related to 150,000 ordinary shares of 10p each in the Company ("Ordinary Shares") at an exercise price of 98.75 pence per share, increasing his shareholding to 556,279 Ordinary Shares, representing approximately 0.41 per cent. of the issued Ordinary Shares 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                                                      Stephen Callaghan 
     --------------------------------------------------------  ------------------------------------------------------- 
 2     Reason for the notification 
     ----------------------------------------------------------------------------------------------------------------- 
 a)    Position/status                                           Senior Independent Director, 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          10p ordinary shares 
       instrument                                                 ISIN GB00BG5KQW09 
       Identification code 
     --------------------------------------------------------  ------------------------------------------------------- 
 b)    Nature of the transaction                                 Exercise of Share Options under the Ceres Power 2004 
                                                                 Employees Share Option Scheme and purchase 
                                                                 of shares 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)    Price(s) and volume(s)                                     Price(s)        Volume(s) 
                                                                   98.75 pence     150,000 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)    Aggregated information                                     Price(s)        Volume(s) 
                                                                   98.75 pence     150,000 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)    Date of the transaction                                   11 December 2018 
     --------------------------------------------------------  ------------------------------------------------------- 
 f)    Place of the transaction                                  N/A 
     --------------------------------------------------------  ------------------------------------------------------- 
 

- Ends -

For further information, please contact:

 
 Ceres Power Holdings plc                     Tel: [phone] 
  Richard Preston, CFO                                         463 
 
   Zeus Capital (Nominated Adviser            Tel: [phone] 
   and Broker)                                                5000 
   Andrew Jones / Dom King 
 
   Berenberg (Joint Broker)                   Tel: [phone] 
   Ben Wright / Mark Whitmore /                               7800 
   Laure Fine 
 
   Powerscourt                                Tel: [phone] 
   Peter Ogden/ Niall Walsh                                   1446 
 
 
 

Notes to Editor:

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. The Ceres Power 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 offer 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 [e-mail] or visit www.rns.com.

END

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December 11, 2018 10:19 ET (15:19 GMT)