Grant of Long Term Incentive Plan (“LTIP”) Awards
Summary by AI BETAClose X
CWR.L
17 April 2026
Ceres Power Holdings plc
("Ceres Power" or "the Company")
Grant of Long Term Incentive Plan ("LTIP") Awards
Horsham, UK: Ceres Power Holdings plc (CWR.L), a leading developer of clean energy technology, confirms the grant of LTIP share options on 17 April 2026 under the Ceres Power Holdings plc Long Term Incentive Plan 2025 (the "Plan") to the following Persons Discharging Managerial Responsibilities ("PDMRs"):
|
Name |
Position |
No. share options granted |
|
Philip Caldwell |
Chief Executive Officer
|
413,987 |
|
Stuart Paynter |
Chief Financial Officer |
231,833 |
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 commercial and share price 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 forms
|
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 |
|||
|
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 |
Ordinary Shares of 10 pence each
|
|||
|
|
|
||||
|
Identification code |
ISIN: GB00BG5KQW09 |
||||
|
|
|
||||
|
b)
|
Nature of the transaction
|
Grant of Long-Term Incentive Plan Awards |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
0.10 |
413,987 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
|
|||
|
|
|
||||
|
- Aggregated volume |
413,987 |
||||
|
|
|
||||
|
- Aggregated Price |
£41,398.7 |
||||
|
|
|
||||
|
e)
|
Date of the transaction
|
17 April 2026 |
|||
|
f)
|
Place of the transaction
|
N/A |
|||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||
|
a)
|
Name
|
Stuart Paynter |
|||
|
2
|
Reason for the notification
|
||||
|
a)
|
Position/status
|
Chief Financial Officer |
|||
|
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 |
Ordinary Shares of 10 pence each
|
|||
|
|
|
||||
|
Identification code |
ISIN: GB00BG5KQW09 |
||||
|
|
|
||||
|
b)
|
Nature of the transaction
|
Grant of Long-Term Incentive Plan Awards |
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
£0.10 |
231,833 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
|
|||
|
|
|
||||
|
- Aggregated volume |
231,833 |
||||
|
|
|
||||
|
- Aggregated Price |
£23,183.3 |
||||
|
|
|
||||
|
e)
|
Date of the transaction
|
17 April 2026 |
|||
|
f)
|
Place of the transaction
|
N/A |
|||
For further information visit www.ceres.tech or contact:
|
Ceres Power Holdings plc Dominic Murray (Company Secretary)
|
Tel: +44 (0)7526 196529
|
|
About Ceres
Ceres is a leading developer of clean energy technology: fuel cells for power generation and electrolysers to green hydrogen. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest companies, such as Doosan, Delta, Denso, Shell, Weichai, and Thermax. Ceres' solid oxide technology supports greater electrification of our energy systems, including AI data centres, commercial and industrial applications, and produces green hydrogen at high efficiencies as a route to decarbonise emissions-intensive industries such as ammonia, steelmaking, and electrofuels. Ceres is listed on the London Stock Exchange ("LSE") (LSE: 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. Read more on our website www.ceres.tech or follow us on LinkedIn.
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