Grant of Share Options

RNS Number : 2288B

Ceres Power Holdings plc

02 April 2013

 

2 April 2013

Ceres Power Holdings plc

("Ceres", "Ceres Power" or "the Company")

Grant of Share Options

The Company announces that on 2 April 2013, as part of an issue of share options to all employees of the Company, certain of the Directors of the Company were granted standalone share options over the Company's ordinary shares of 1 pence each ("Ordinary Shares").

Mr Steve Callaghan, Non-Executive Director, Mr Richard Preston, Finance Director, and Mr Mike Lloyd, Non-Executive Director were granted options to subscribe for 1,500,000, 1,500,000 and 170,000 Ordinary Shares, respectively, at an exercise price of 9.875 pence per share, which was the mid-market closing share price on 28 March 2013. These share options may be exercised following the third anniversary of the date of their grant. 

Enquiries:

Ceres Power Holdings plc Richard Preston, Finance Director	Tel. [phone]
N+1 Singer  (Nominated Adviser and Broker) Andrew Craig / Ben Wright	Tel: [phone]

Notes to editors:

Ceres Power is a leading developer of clean, efficient, cost-effective fuel cell technology for use in decentralised energy products that reduce operating costs, lower CO2 emissions and improve energy security. These products use the Company's mass manufacturable technology platform, the Fuel Cell Module, based on the Company's unique patented intermediate temperature solid oxide fuel cell technology and operating on mains natural gas or in the future a range of other fuels including packaged fuels, such as LPG. The Company is listed on the AIM market of the London Stock Exchange, and has facilities in Horsham and Crawley, UK, including a pilot-scale fuel cell manufacturing facility.

 

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