Grant of LTIP Awards and Total Voting Rights
3 October 2019
Ceres Power Holdings plc
("Ceres Power" or the "Company")
GRANT OF LONG TERM INCENTIVE PLAN ("LTIP") AWARDS
AND TOTAL VOTING RIGHTS
Ceres Power Holdings plc (AIM: CWR) announces that today, 3 October 2019, LTIP share options were awarded to Executive Directors and PDMRs of the Company, as well as other key employees.
Awards to PDMRs are as follows:
Philip Caldwell (CEO) 161,700; Richard Preston (CFO) 91,340; Mark Selby (CTO) 91,340; James Falla (COO) 91,340; and Anthony Cochrane (CCO) 91,340.
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 share price and commercial 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 below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Total Voting Rights
Following the exercise of employee options over 357,998 Ordinary Shares, Ceres Power confirms that as at 3 October 2019, the Company had 153,127,810 Ordinary Shares in issue, with one voting right each. The Company does not hold any shares in treasury. The number of Ordinary Shares with voting rights is therefore 153,127,810.
Accordingly, these figures may be used by shareholders as a denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company, under the Disclosure and Transparency Rules.
For further information, please contact:
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Ceres Power Holdings plc Richard Preston |
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Tel: +44 (0)1403 273 463 |
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Investec Bank PLC (NOMAD & Joint Broker) Jeremy Ellis / Patrick Robb |
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Tel: +44 (0)207 597 5970 |
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Berenberg (Joint Broker) Ben Wright / Mark Whitmore |
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Tel: +44 (0) 203 207 7800 |
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Powerscourt Peter Ogden / James White |
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Tel: +44 (0) 20 7250 1446 |
Notes to Editors:
About Ceres Power
Ceres Power (http://www.cerespower.com/) is a world leader in low cost, next generation fuel cell technology for use in distributed power products that reduce operating costs, lower CO2, SOx and NOx emissions, increase efficiency and improve energy security. The Ceres Power unique patented SteelCell® technology generates power from widely available fuels such as natural gas and future fuels such as hydrogen enabling a transition from low to zero carbon power generation at high efficiency. The SteelCell® is manufactured using standard processing equipment and conventional materials such as steel, meaning that it can be mass produced at an affordable price. Ceres Power offers its partners the opportunity to develop power systems and products using its unique technology and know-how, as well as the opportunity to manufacture the SteelCell® in volume.
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Philip Caldwell |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive Officer, Director |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Ceres Power Holdings plc |
||||
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b) |
LEI |
213800N7AAHSXQUOA733 |
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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 |
Nominal value options over 10p ordinary shares ISIN GB00BG5KQW09 |
||||
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b) |
Nature of the transaction |
Grant of Long Term Incentive Plan Awards |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information |
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e) |
Date of the transaction |
3 October 2019 |
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f) |
Place of the transaction |
N/A |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Richard Preston |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Financial Officer, Director |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Ceres Power Holdings plc |
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b) |
LEI |
213800N7AAHSXQUOA733 |
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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 |
Nominal value options over 10p ordinary shares ISIN GB00BG5KQW09 |
||||
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b) |
Nature of the transaction |
Grant of Long Term Incentive Plan Awards |
||||
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information |
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e) |
Date of the transaction |
3 October 2019 |
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f) |
Place of the transaction |
N/A |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Mark Selby |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Technology Officer, Director |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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|
a) |
Name |
Ceres Power Holdings plc |
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b) |
LEI |
213800N7AAHSXQUOA733 |
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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 |
Nominal value options over 10p ordinary shares ISIN GB00BG5KQW09 |
||||
|
b) |
Nature of the transaction |
Grant of Long Term Incentive Plan Awards |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information |
|
||||
|
e) |
Date of the transaction |
3 October 2019 |
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f) |
Place of the transaction |
N/A |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
James Falla |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Operating Officer, Director |
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b) |
Initial notification/Amendment |
Initial Notification |
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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 |
Nominal value options over 10p ordinary shares ISIN GB00BG5KQW09 |
||||
|
b) |
Nature of the transaction |
Grant of Long Term Incentive Plan Awards |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information |
|
||||
|
e) |
Date of the transaction |
3 October 2019 |
||||
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f) |
Place of the transaction |
N/A |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
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a) |
Name |
Anthony Cochrane |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Commercial Officer, Director |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Ceres Power Holdings plc |
||||
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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 |
Nominal value options over 10p ordinary shares ISIN GB00BG5KQW09 |
||||
|
b) |
Nature of the transaction |
Grant of Long Term Incentive Plan Awards |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information |
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||||
|
e) |
Date of the transaction |
3 October 2019 |
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f) |
Place of the transaction |
N/A |
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