Grant of Long Term Incentive Plan Awards

Ceres Power Holdings plc

05 May 2023

 

5 May 2023

Ceres Power Holdings plc

("Ceres Power" or "the Company")

Grant of Long Term Incentive Plan ("LTIP") Awards

Ceres Power Holdings plc (the "Company") announces the grant of LTIP share options on 4 May 2023 under the Ceres Power Holdings plc Long Term Incentive Plan (the "Plan") to the following Persons Discharging Managerial Responsibilities ("PDMRs"):

Name	Position	No. share options granted
Philip Caldwell	CEO	227273
Eric Lakin	Chief Financial Officer	142857
Anthony Cochrane	Chief Commercial Officer	116883
Caroline Hargrove	Chief Technology Officer	81818
Mark Garrett	Chief Operating Officer	81818
Deborah Grimason	General Counsel and Company Secretary	77922
Clarissa de Jager	Chief of IP	31169
Michelle Traynor	People Director	30682
Mark Selby	Chief Innovation Officer	28052

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 of dealing forms can be found below.

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

Notification of dealing form

1	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Philip Caldwell
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	Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09
b)	Nature of the transaction	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume (s)	Price(s)		Volume(s)
		10p		227273
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		10p	227273		£22,727.27
e)	Date of the transaction	4 May 2023
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	Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09
b)	Nature of the transaction	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume (s)	Price(s)		Volume(s)
		10p		142857
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		10p	142857		£14,285.71
e)	Date of the transaction	4 May 2023
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	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	Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09
b)	Nature of the transaction	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume (s)	Price(s)		Volume(s)
		10p		116883
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		10p	116883		£11,688.31
e)	Date of the transaction	4 May 2023
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	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	Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09
b)	Nature of the transaction	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume (s)	Price(s)		Volume(s)
		10p		81818
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		10p	81818		£8,181.82
e)	Date of the transaction	4 May 2023
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	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	Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09
b)	Nature of the transaction	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume (s)	Price(s)		Volume(s)
		10p		81818
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		10p	81818		£8,181.82
e)	Date of the transaction	4 May 2023
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	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	Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09
b)	Nature of the transaction	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume (s)	Price(s)		Volume(s)
		10p		77922
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		10p	77922		£7,792.21
e)	Date of the transaction	4 May 2023
f)	Place of the transaction	N/A

1	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Clarissa de Jager
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	Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09
b)	Nature of the transaction	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume (s)	Price(s)		Volume(s)
		10p		31169
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		10p	31169		£3,116.88
e)	Date of the transaction	4 May 2023
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	Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09
b)	Nature of the transaction	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume (s)	Price(s)		Volume(s)
		10p		30682
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		10p	30682		£3,068.18
e)	Date of the transaction	4 May 2023
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	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	Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09
b)	Nature of the transaction	Grant of Long Term Incentive Plan Awards
c)	Price(s) and volume (s)	Price(s)		Volume(s)
		10p		28052
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		10p	28052		£2,805.19
e)	Date of the transaction	4 May 2023
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: [phone]
Investec Bank PLC (NOMAD & Joint Broker) James Rudd / Patrick Robb/ Ben Griffiths	Tel: [phone]
Berenberg (Joint Broker) Ben Wright/ Mark Whitmore	Tel: [phone]
FTI Consulting (PR Adviser) Dwight Burden	Tel: [phone] Email: [e-mail]

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.

 

END