Original
RNS Number : 6301T
Ceres Power Holdings plc
09 January 2017
 

9 January 2017

This information includes inside information.

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 6 January 2017 under the Ceres Power Sharesave Scheme (the "Scheme").  The Scheme is an 'all employee share scheme' which is available 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 2,271,803 ordinary shares of 1 pence of the Company ("Ordinary Shares") have been granted.  These options will be exercisable between 1 February 2020 and 31 July 2020 at an exercise price of 6.6p per share.

Included in the above is a grant to Phil Caldwell, the Company's Chief Executive Officer, who has been granted an option to purchase 136,363 Ordinary Shares.  Following this grant, Phil Caldwell now holds options over 22,995,008 Ordinary Shares.

 

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

N/A

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 1p ordinary shares                                                            

ISIN GB00B0351429

b)

Nature of the transaction

Grant of Share Options under the Sharesave Scheme

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

6.6 pence

136,363

d)

Aggregated information

 

Price(s)

Volume(s)

6.6 pence

136,363

e)

Date of the transaction

 

6 January 2017

 

f)

Place of the transaction 

N/A

 

For further information, please contact:

Ceres Power Holdings plc

Dan Caesar, Communications & Marketing Director

 

Tel: +44 (0)1403 273 463

 

Zeus Capital  (Nominated Adviser and Broker)

Phil Walker/Andrew Jones

 

Tel: +44 (0) 20 3829 5000

 

Tavistock

Mike Bartlett/James Collins

 

Tel: +44 (0) 20 7920 3150



 

 

Notes to Editors:

 

About Ceres Power

 

Ceres Power (http://www.cerespower.com/) is a world leading developer of low cost, next generation fuel cell technology for use in decentralised energy products that reduce operating costs, lower CO2 emissions, increase efficiency and improve energy security. Ceres Power's unique patented SteelCell technology operates on mains natural gas and is manufactured using standard manufacturing processes and conventional materials such as steel, meaning that it can be mass produced at an affordable price for domestic and business use.

www.cerespower.com

 

www.cerespower.com  

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHGLGDBRUGBGRC