Grant of Share Options under Sharesave Scheme
30 April 2019
Ceres Power Holdings plc
("Ceres Power" or the "Company")
Grant of Share Options under the Sharesave Scheme
Ceres Power Holdings plc (AIM: CWR) announces the grant of options on 29 April 2019 under the Ceres Power Sharesave Scheme (the "Scheme"). The Scheme is an 'all employee share scheme' which is available annually to all employees subject to qualifying conditions, which was approved by the HM Revenue & Customs, and which was introduced to encourage wider employee share ownership of the Company.
Options to purchase a total of 581,543 ordinary shares of 10 pence of the Company ("Ordinary Shares") have been granted. These options will be exercisable between 1 June 2022 and 30 November 2022 at an exercise price of 126.6p per share.
Included in the above is the grant of options to the following Persons Discharging Managerial Responsibilities ("PDMR"):
Phil Caldwell (CEO) 7,109; Richard Preston (CFO) 7,109; Mark Selby (CTO) 14,218; and James Falla (COO) 14,218.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
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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 |
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|
a) |
Description of the financial instrument, type of instrument Identification code |
Sharesave options over 10p ordinary shares ISIN GB00BG5KQW09 |
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b) |
Nature of the transaction |
Grant of Share Options under the Sharesave Scheme |
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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 |
29 April 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 |
Sharesave options over 10p ordinary shares ISIN GB00BG5KQW09 |
||||
|
b) |
Nature of the transaction |
Grant of Share Options under the Sharesave Scheme |
||||
|
c) |
Price(s) and volume(s) |
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||||
|
d) |
Aggregated information |
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||||
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e) |
Date of the transaction |
29 April 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 |
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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 |
Sharesave options over 10p ordinary shares ISIN GB00BG5KQW09 |
||||
|
b) |
Nature of the transaction |
Grant of Share Options under the Sharesave Scheme |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information |
|
||||
|
e) |
Date of the transaction |
29 April 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 |
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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 |
Sharesave options over 10p ordinary shares ISIN GB00BG5KQW09 |
||||
|
b) |
Nature of the transaction |
Grant of Share Options under the Sharesave Scheme |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information |
|
||||
|
e) |
Date of the transaction |
29 April 2019 |
||||
|
f) |
Place of the transaction |
N/A |
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Ceres Power Holdings plc Phil Caldwell, CEO Richard Preston, CFO |
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Tel: +44 (0)1403 273 463 |
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Investec Bank plc (Nominated Adviser and Broker) Jeremy Ellis / Patrick Robb / Richard Short |
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Tel: +44 (0) 20 7597 4000 |
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Berenberg (Joint Broker) Ben Wright / Mark Whitmore |
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Tel: +44 (0) 20 3207 7800 |
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Powerscourt Peter Ogden/James White/Niall Walsh
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Tel: +44 (0) 207 250 1446 |
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Notes to Editors:
About Ceres Power
Ceres Power 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. Ceres Power's unique, patented SteelCell® technology generates power from widely available fuels at high efficiency and is manufactured using standard processing equipment and conventional materials such as steel, meaning that it can be mass produced at an affordable price for domestic and business use. Ceres Power offers its partners the opportunity to develop power systems and products using its unique SteelCell® technology and know-how, combined with the opportunity to supply the SteelCell® in volume through its manufacturing partners. For further information please visit: http://www.cerespower.com/
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