Grant of Share Options under the Sharesave Scheme

Ceres Power Holdings plc

08 May 2026

 

CWR.L

08 May 2026

Ceres Power Holdings plc

("Ceres Power" or "the Company")

Grant of Share Options under the Sharesave Scheme

Horsham, UK: Ceres Power Holdings plc (CWR.L), a leading developer of clean energy technology, confirms the grant of options on 8 May 2026 under the Ceres Power Holdings plc 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 376,277 ordinary shares of 10 pence of the Company ("Ordinary Shares") have been granted. These options will be exercisable between 1 June 2029 and 30 November 2029 at an exercise price of £2.4352 per share.

The following grants were made to Persons Discharging Managerial Responsibilities ("PDMRs"):

Name	Position	Options Granted
Phil Caldwell	Chief Executive Officer	3,736
Stuart Paynter	Chief Financial Officer	7,473

The notification of dealing forms can be found below.

This notification is made in accordance with the requirements of the UK Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Phil 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 share options under the Ceres Power Holdings plc Sharesave Scheme
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£2.4352	3,736
d)	Aggregated information
	- Aggregated volume	3,736
	- Price - Total	£2.4352 £9,097.91
e)	Date of the transaction	8 May 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 share options under the Ceres Power Holdings plc Sharesave Scheme
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£2.4352	7,473
d)	Aggregated information
	- Aggregated volume	7,473
	- Price - Total	£2.4352 £18,198.25
e)	Date of the transaction	8 May 2026
f)	Place of the transaction	N/A

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

Ceres Power Holdings plc Merryl Black (Head of Investor Relations and Sustainability)		Email: [e-mail]
Ceres Power Holdings plc Dominic Murray (Company Secretary)		Tel: [phone]

About Ceres

Ceres is a leading developer of clean energy technology: fuel cells for power generation and electrolysers to produce 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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