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CWR Ceres Power Holdings Plc

133.30
-7.10 (-5.06%)
Last Updated: 10:22:34
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
  -7.10 -5.06% 133.30 132.20 133.00 137.50 131.70 134.10 182,933 10:22:34
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electric & Other Serv Comb 22.13M -45.12M -0.2339 -5.71 257.77M

Ceres Power Holdings plc Grant of long term incentive plan ("LTIP") awards (3786I)

11/12/2020 10:09am

UK Regulatory


Ceres Power (LSE:CWR)
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TIDMCWR

RNS Number : 3786I

Ceres Power Holdings plc

11 December 2020

11 December 2020

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 yesterday, 10 December 2020, 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) 114,107; Richard Preston (CFO) 55,016; Mark Selby (CTO) 35,210; Mark Garrett (COO) 97,806; and Anthony Cochrane (CCO) 130,408.

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 other employee options over 5,588 Ordinary Shares, Ceres Power confirms that as at 11 December 2020, the Company had 171,431,389 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 171,431,389.

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 is a world-leading developer of next generation solid oxide fuel cell (SOFC) and electrochemical technology. 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 South Korea, to develop systems and products that address climate change and air quality challenges for 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.

 
 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     114,107 
     -------------------------------------------------------------  ------------------------------------------------ 
 d)    Aggregated information                                           Price(s)       Volume(s) 
                                                                         10.0 pence     114,107 
     -------------------------------------------------------------  ------------------------------------------------ 
 e)    Date of the transaction                                        10 December 2020 
     -------------------------------------------------------------  ------------------------------------------------ 
 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     55,016 
     -------------------------------------------------------------  ------------------------------------------------ 
 d)    Aggregated information                                           Price(s)       Volume(s) 
                                                                         10.0 pence     55,016 
     -------------------------------------------------------------  ------------------------------------------------ 
 e)    Date of the transaction                                        10 December 2020 
     -------------------------------------------------------------  ------------------------------------------------ 
 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     35,210 
     -------------------------------------------------------------  ------------------------------------------------ 
 d)    Aggregated information                                           Price(s)       Volume(s) 
                                                                         10.0 pence     35,210 
     -------------------------------------------------------------  ------------------------------------------------ 
 e)    Date of the transaction                                        10 December 2020 
     -------------------------------------------------------------  ------------------------------------------------ 
 f)    Place of the transaction                                       N/A 
     -------------------------------------------------------------  ------------------------------------------------ 
 
 
 1     Details of the person discharging managerial responsibilities/person closely associated 
 a)    Name                                                           Mark Garrett 
     -------------------------------------------------------------  ------------------------------------------------ 
 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     97,806 
     -------------------------------------------------------------  ------------------------------------------------ 
 d)    Aggregated information                                           Price(s)       Volume(s) 
                                                                         10.0 pence     97,806 
     -------------------------------------------------------------  ------------------------------------------------ 
 e)    Date of the transaction                                        10 December 2020 
     -------------------------------------------------------------  ------------------------------------------------ 
 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     130,408 
     -------------------------------------------------------------  ------------------------------------------------ 
 d)    Aggregated information                                           Price(s)       Volume(s) 
                                                                         10.0 pence     130,408 
     -------------------------------------------------------------  ------------------------------------------------ 
 e)    Date of the transaction                                        10 December 2020 
     -------------------------------------------------------------  ------------------------------------------------ 
 f)    Place of the transaction                                       N/A 
     -------------------------------------------------------------  ------------------------------------------------ 
 

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END

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December 11, 2020 05:09 ET (10:09 GMT)

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