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CWR Ceres Power Holdings Plc

153.10
13.90 (9.99%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ceres Power Holdings Plc LSE:CWR London Ordinary Share GB00BG5KQW09 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  13.90 9.99% 153.10 151.10 152.30 158.40 142.00 142.00 847,310 16:35:03
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electric & Other Serv Comb 22.13M -45.12M -0.2339 -6.46 291.53M

Ceres Power Holdings plc Grant of LTIP Awards and Total Voting Rights (7148O)

03/10/2019 2:38pm

UK Regulatory


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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 
     -------------------------------------------------------------  ------------------------------------------------ 
 

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 rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

October 03, 2019 09:38 ET (13:38 GMT)

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