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CWR Ceres Power Holdings Plc

139.20
-5.60 (-3.87%)
25 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
  -5.60 -3.87% 139.20 138.80 139.50 148.00 138.10 141.40 654,368 16:35:14
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electric & Other Serv Comb 22.13M -45.12M -0.2339 -5.96 269.15M

Ceres Power Holdings plc Grant of Share Options and Total Voting Rights (4267J)

27/04/2022 7:01am

UK Regulatory


Ceres Power (LSE:CWR)
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TIDMCWR

RNS Number : 4267J

Ceres Power Holdings plc

27 April 2022

27 April 2022

Ceres Power Holdings plc (AIM: CWR)

("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 26 April 2022 under the Ceres Power 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 393,530 ordinary shares of 10 pence of the Company ("Ordinary Shares") have been granted. These options will be exercisable between 1 June 2025 and 30 November 2025 at an exercise price of 596p per share.

Included in the above is the grant of options to the following Persons Discharging Managerial Responsibilities ("PDMRs"):

 
 Philip Caldwell (Chief Executive Officer)       1,510 
 Geraint Castleton-White (Chief Programmes 
  Officer)                                       3,020 
 Deborah Grimason (General Counsel and 
  Company Secretary)                             3,020 
 Caroline Hargrove (Chief Technology Officer)    3,020 
 Eric Lakin (Chief Financial Officer)            3,020 
 Michelle Traynor (People Director)              1,208 
 

Total Voting Rights

As at 26 April 2022, the Company's issued share comprised 190,890,745 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 190,890,745.

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 of the options granted.

 
        Details of the person discharging managerial responsibilities/person closely associated 
   1 
 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         Sharesave options over 10p ordinary shares 
        instrument 
        Identification code                                       ISIN GB00BG5KQW09 
      -------------------------------------------------------  ------------------------------------------------------- 
 b)     Nature of the transaction                                Grant of Share Options under the Ceres Power 
                                                                 Sharesave Scheme 
      -------------------------------------------------------  ------------------------------------------------------- 
 c)     Price(s) and volume(s)                                     Exercise Price(s)    Volume(s)    Sales Price(s) 
                                                                    596 pence            1,510        n/a 
      -------------------------------------------------------  ------------------------------------------------------- 
 d)     Aggregated information                                     Exercise Price(s)    Volume(s)    Sales Price(s) 
                                                                    596 pence            1,510        n/a 
      -------------------------------------------------------  ------------------------------------------------------- 
 e)     Date of the transaction                                  26 April 2022 
      -------------------------------------------------------  ------------------------------------------------------- 
 f)     Place of the transaction                                 N/A 
      -------------------------------------------------------  ------------------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities/person closely associated 
 a)    Name                                  Geraint Castleton-White 
     ------------------------------------  ---------------------------------------------------------- 
 2     Reason for the notification 
     ------------------------------------------------------------------------------------------------ 
 a)    Position/status                       Chief Programme Officer, PDMR 
     ------------------------------------  ---------------------------------------------------------- 
 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                   Sharesave options over 10p ordinary shares 
        financial instrument, 
        type of instrument                   ISIN GB00BG5KQW09 
        Identification code 
     ------------------------------------  ---------------------------------------------------------- 
 b)    Nature of the transaction             Grant of Share Options under the Ceres 
                                              Power Sharesave Scheme 
     ------------------------------------  ---------------------------------------------------------- 
 c)    Price(s) and volume(s)                  Exercise Price(s)    Volume(s)    Sales Price(s) 
                                                596 pence            3,020        n/a 
     ------------------------------------  ---------------------------------------------------------- 
 d)    Aggregated information                  Exercise Price(s)    Volume(s)    Sales Price(s) 
                                                596 pence            3,020        n/a 
     ------------------------------------  ---------------------------------------------------------- 
 e)    Date of the transaction               26 April 2022 
     ------------------------------------  ---------------------------------------------------------- 
 f)    Place of the transaction              N/A 
     ------------------------------------  ---------------------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities/person closely associated 
 a)    Name                                  Deborah Grimason 
     ------------------------------------  ---------------------------------------------------------- 
 2     Reason for the notification 
     ------------------------------------------------------------------------------------------------ 
 a)    Position/status                       General Counsel and Company Secretary, 
                                              PDMR 
     ------------------------------------  ---------------------------------------------------------- 
 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                    Sharesave options over 10p ordinary shares 
        financial instrument, 
        type of instrument                    ISIN GB00BG5KQW09 
        Identification code 
     ------------------------------------  ---------------------------------------------------------- 
 b)    Nature of the transaction             Grant of Share Options under the Ceres 
                                              Power Sharesave Scheme 
     ------------------------------------  ---------------------------------------------------------- 
 c)    Price(s) and volume(s)                  Exercise Price(s)    Volume(s)    Sales Price(s) 
                                                596 pence            3,020        n/a 
     ------------------------------------  ---------------------------------------------------------- 
 d)    Aggregated information                  Exercise Price(s)    Volume(s)    Sales Price(s) 
                                                596 pence            3,020        n/a 
     ------------------------------------  ---------------------------------------------------------- 
 e)    Date of the transaction               26 April 2022 
     ------------------------------------  ---------------------------------------------------------- 
 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                       Chief Technology Officer, PDMR 
     ------------------------------------  ---------------------------------------------------------- 
 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                    Sharesave options over 10p ordinary shares 
        financial instrument, 
        type of instrument                    ISIN GB00BG5KQW09 
        Identification code 
     ------------------------------------  ---------------------------------------------------------- 
 b)    Nature of the transaction             Grant of Share Options under the Ceres 
                                              Power Sharesave Scheme 
     ------------------------------------  ---------------------------------------------------------- 
 c)    Price(s) and volume(s)                  Exercise Price(s)    Volume(s)    Sales Price(s) 
                                                596 pence            3,020        n/a 
     ------------------------------------  ---------------------------------------------------------- 
 d)    Aggregated information                  Exercise Price(s)    Volume(s)    Sales Price(s) 
                                                596 pence            3,020        n/a 
     ------------------------------------  ---------------------------------------------------------- 
 e)    Date of the transaction               26 April 2022 
     ------------------------------------  ---------------------------------------------------------- 
 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                       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                    Sharesave options over 10p ordinary shares 
        financial instrument, 
        type of instrument                    ISIN GB00BG5KQW09 
        Identification code 
     ------------------------------------  ---------------------------------------------------------- 
 b)    Nature of the transaction             Grant of Share Options under the Ceres 
                                              Power Sharesave Scheme 
     ------------------------------------  ---------------------------------------------------------- 
 c)    Price(s) and volume(s)                  Exercise Price(s)    Volume(s)    Sales Price(s) 
                                                596 pence            3,020        n/a 
     ------------------------------------  ---------------------------------------------------------- 
 d)    Aggregated information                  Exercise Price(s)    Volume(s)    Sales Price(s) 
                                                596 pence            3,020        n/a 
     ------------------------------------  ---------------------------------------------------------- 
 e)    Date of the transaction               26 April 2022 
     ------------------------------------  ---------------------------------------------------------- 
 f)    Place of the transaction              N/A 
     ------------------------------------  ---------------------------------------------------------- 
 
 
        Details of the person discharging managerial responsibilities/person closely associated 
   1 
 a)     Name                                                     Michelle Traynor 
      -------------------------------------------------------  ------------------------------------------------------- 
  2     Reason for the notification 
      ---------------------------------------------------------------------------------------------------------------- 
 a)     Position/status                                          People Director, PDMR 
      -------------------------------------------------------  ------------------------------------------------------- 
 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         Sharesave options over 10p ordinary shares 
        instrument 
        Identification code                                       ISIN GB00BG5KQW09 
      -------------------------------------------------------  ------------------------------------------------------- 
 b)     Nature of the transaction                                Grant of Share Options under the Ceres Power 
                                                                 Sharesave Scheme 
      -------------------------------------------------------  ------------------------------------------------------- 
 c)     Price(s) and volume(s)                                     Exercise Price(s)    Volume(s)    Sales Price(s) 
                                                                    596 pence            1,208        n/a 
      -------------------------------------------------------  ------------------------------------------------------- 
 d)     Aggregated information                                     Exercise Price(s)    Volume(s)    Sales Price(s) 
                                                                    596 pence            1,208        n/a 
      -------------------------------------------------------  ------------------------------------------------------- 
 e)     Date of the transaction                                  26 April 2022 
      -------------------------------------------------------  ------------------------------------------------------- 
 f)     Place of the transaction                                 N/A 
      -------------------------------------------------------  ------------------------------------------------------- 
 

Ends

For further information visit www.ceres.tech or 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 
 
  FTI Consulting (Financial PR)                 Tel:+44 (0)203 727 1000 
  Dwight Burden                                 Email: ceres_power@fticonsulting.com 
 

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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