Grant of Share Options

RNS Number : 4131V

Ceres Power Holdings plc

09 July 2009

 



Ceres Power Holdings PLC (the 'Company')

Grant of Share Options  

The Company announces that on 1 July 2009, Executive Directors of the 

Company were granted 'par value' share options under the Company's CHP Project Bonus Plan (the 'Plan'), as approved by shareholders at the Company's Annual General Meeting held on 5th December 2008.  These options have been awarded as part of the bonus payment for the successful completion of the Alpha phase of the CHP Project. Under the Plan, half of the bonus payment is payable immediately in cash and the other half is payable as par value options. 

Peter Bance, Chief Executive Officer and Rex Vevers, Finance Director were awarded options to subscribe for a total of 38,048 and 23,518 ordinary shares of £0.05 in the Company respectively at an exercise price of £0.05 per share. These options can be exercised by the Executive Director at any time after the end of the Company's financial year ending on 30 June 2012. 

For further information contact: 

Ceres Power Holdings plc	Tel. [phone]
Peter Bance, Chief Executive
Rex Vevers, Finance Director
Morgan Stanley	Tel. [phone]
Alisdair Gayne/Alastair Walmsley
Gavin Anderson & Company	Tel. [phone]
Robert Speed/Ken Cronin/Deborah Walter

 

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