RNS Number : 1744Q
Ceres Power Holdings plc
29 May 2024
 

29 May 2024

Ceres Power Holdings plc

("Ceres Power" or "the Company")

 

Grant of Share Options under the Sharesave Scheme

 

Ceres Power Holdings plc (the "Company"), announces the grant of options on 10 May 2024 under the Ceres Power Holdings plc 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 3,283,936 ordinary shares of 10 pence of the Company ("Ordinary Shares") have been granted. These options will be exercisable between 1 June 2027 and 30 November 2027 at an exercise price of 106.56p per share.

 

The following grants were made to Persons Discharging Managerial Responsibilities ("PDMRs"):

 

Name

Position

Options Granted

Caroline Hargrove

Chief Technology Officer

17,408

Eric Lakin

Chief Financial Officer

17,408

Michelle Traynor

Chief People Officer

17,408

 

The notification of dealing forms can be found below.

This notification is made in accordance with the requirements of the UK Market Abuse Regulation.

 

 

1

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Caroline Hargrove

2

Reason for the notification

a)

Position/Status

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 transaction have been conducted

a)

Description of the financial instrument,

type of instrument Identification code

Sharesave options over Ordinary Shares of 10 pence each

ISIN: GB00BG5KQW09

b)

Nature of the transaction

Grant of share options under the Ceres Power Holdings plc Sharesave Scheme

c)

Price(s) and volume (s)

Price(s)

Volume(s)

106.56p

17,408

d)

Aggregated information

-Aggregated volume

-Price

Aggregate Price

Aggregate Volume

Aggregate Total

106.56p

17,408

£18,549.96

e)

Date of the transaction

10 May 2024

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

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 transaction have been conducted

a)

Description of the financial instrument,

type of instrument Identification code

Sharesave options over Ordinary Shares of 10 pence each

ISIN: GB00BG5KQW09

b)

Nature of the transaction

Grant of share options under the Ceres Power Holdings plc Sharesave Scheme

c)

Price(s) and volume (s)

Price(s)

Volume(s)

106.56p

17,408

d)

Aggregated information

-Aggregated volume

-Price

Aggregate Price

Aggregate Volume

Aggregate Total

106.56p

17,408

£18,549.96

e)

Date of the transaction

10 May 2024

f)

Place of the transaction

N/A

 

1

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Michelle Traynor

2

Reason for the notification

a)

Position/Status

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 transaction have been conducted

a)

Description of the financial instrument,

type of instrument Identification code

Sharesave options over Ordinary Shares of 10 pence each

ISIN: GB00BG5KQW09

b)

Nature of the transaction

Grant of share options under the Ceres Power Holdings plc Sharesave Scheme

c)

Price(s) and volume (s)

Price(s)

Volume(s)

106.56p

17,408

d)

Aggregated information

-Aggregated volume

-Price

Aggregate Price

Aggregate Volume

Aggregate Total

106.56p

17,408

£18,549.96

e)

Date of the transaction

10 May 2024

f)

Place of the transaction

N/A

 

For further information visit www.ceres.tech or contact:

Ceres Power Holdings plc

Marianne Millard (Deputy Company Secretary)

 

Tel: +44 (0)7752 470802

Berenberg (Joint Broker)

Ben Wright/ Mark Whitmore

 

Tel: +44 (0)203 207 7800

FTI Consulting (PR Adviser)

Dwight Burden

Tel: +44 (0)203 727 1000

Email: ceres_power@fticonsulting.com

 

About Ceres Power

Ceres is a leading developer of clean energy technology; electrolysis for the creation of green hydrogen and fuel cells for power generation. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest companies, such as Bosch, Doosan, Shell and Weichai. Ceres' solid oxide platform technology supports greater electrification of our energy systems and produces green hydrogen at high-efficiencies as a route to decarbonise emissions-intensive industries such as steelmaking, ammonia, and future fuels.  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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