Grant of Share Options under the Sharesave Scheme

Ceres Power Holdings plc

02 May 2023

 

2 May 2023

Ceres Power Holdings plc

("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 28 April 2023 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 893,612 ordinary shares of 10 pence of the Company ("Ordinary Shares") have been granted. These options will be exercisable between 1 June 2026 and 30 November 2026 at an exercise price of £3.128 per share.

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

Name	Position	Options Granted
Philip Caldwell	Chief Executive Officer	2,877
Caroline Hargrove	Chief Technology Officer	5,754
Eric Lakin	Chief Financial Officer	2,877
Michelle Traynor	People Director	3,452

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	Phil 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	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)
		£3.128		2,877
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		£3.128	2,877		£8,999.26
e)	Date of the transaction	28 April 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	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)
		£3.128		5,754
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		£3.128	5,754		£17,998.51
e)	Date of the transaction	28 April 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	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)
		£3.128		2,877
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		£3.128	2,877		£8,999.26
e)	Date of the transaction	28 April 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	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)
		£3.128		3,452
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
		£3.128	3,452		£10,797.86
e)	Date of the transaction	28 April 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.

 

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