Ceres Power Holdings

Directors' Dealings

RNS Number : 3691J
Ceres Power Holdings plc
09 April 2020
 

9 April 2020

Ceres Power Holdings plc

("Ceres Power" or the "Company")

 

Directors' Dealings

 

Ceres Power Holdings plc (AIM: CWR) announces that on the 9 April 2020, the following Person Discharging Managerial Responsibilities ("PDMR") exercised share options under the 2017 Ceres Power Holdings Plc Sharesave Plan ("Plan"), which has now matured, and retained the shares:

Phil Caldwell (CEO) 13,636. 

The Plan options exercised by the PDMR were over 13,636 ordinary shares of 10p each in the Company ("Ordinary Shares") at an exercise price of 66p per share. The exercise price was set in accordance with the Plan and HMRC rules at the invitation date in 2017.

As a result of the options exercised, Mr Caldwell now holds 60,564 Ordinary Shares in the Company.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Philip Caldwell

2

Reason for the notification

a)

Position/status

Chief Executive Officer, Director

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 transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

10p ordinary shares  

ISIN GB00BG5KQW09

b)

Nature of the transaction

Exercise of Share Options under the Sharesave Scheme and purchase of shares

c)

Price(s) and volume(s) 

Price(s)

Volume(s)

66 pence   

13,636

 

d)

Aggregated information 

Price(s)

Volume(s)

66 pence   

13,636

 

e)

Date of the transaction

9 April 2020

f)

Place of the transaction 

N/A

 

 

 

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

 

Ceres Power Holdings plc

Elizabeth Skerritt

 

Tel: +44 (0)1403 273 463

 

Investec Bank plc (Nominated Adviser and Broker to Ceres)

Jeremy Ellis / Patrick Robb / Ben Griffiths / Cassie Herlihy

 

 

Tel: +44 (0)207 597 4000

 

Berenberg (Joint Broker to Ceres)

Ben Wright / Mark Whitmore

 

 

Tel: +44 (0) 203 207 7800

 

Powerscourt (PR Adviser to Ceres)

Peter Ogden / James White

 

 

Tel: +44 (0) 20 7250 1446

 

 

About Ceres Power

Ceres is a world-leading developer of fuel cell and electrochemical technology that enables its partners to deliver clean energy at scale and speed. Its asset-light, licensing model has seen it embed its technology in some of the world's most progressive companies - such as Weichai in China, Bosch in Germany, Miura in Japan, and Doosan in South Korea - to develop systems and products that address climate change and air quality challenges for transportation, industry, data centres and everyday living.  Ceres is listed on the AIM market of the London Stock Exchange ("LSE") (AIM: CWR) and was awarded the Green Economy Mark by LSE, which recognises listed companies that derive more than 50% of their revenues from the green economy.

 

 


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