Original
RNS Number : 6663D
Ceres Power Holdings plc
11 October 2018
 

11 October 2018

 

Ceres Power Holdings Plc

("Ceres Power", "the Company" or "the Group")

 

GRANT OF LONG TERM INCENTIVE PLAN ("LTIP") AWARDS

 

Ceres Power Holdings plc (AIM: CWR) announces that yesterday, 10 October 2018, LTIP share options were awarded to Executive Directors and PDMRs of the Company as follows: 

 

Philip Caldwell (CEO) 138,530; Richard Preston (CFO) 75,560; Mark Selby (CTO) 75,560; James Falla (COO) 75,560; and Anthony Cochrane (CCO) 75,560.

 

These LTIP share options are in respect of 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.

 

 

For further information please contact:

 

Ceres Power Holdings plc

Richard Preston

Tel: +44 (0)1403 273 463

 

Zeus Capital Limited (Nominated Adviser and Broker)

Andrew Jones / Dom King

 

Tel: +44 (0) 20 3829 5000

 

Berenberg (Joint Broker)

Ben Wright / Mark Whitmore / Laure Fine

 

Tel: +44 (0) 203 207 7800

 

Powerscourt

Peter Ogden/ Niall Walsh

 

Tel: +44 (0) 20 7250 1446

 

 

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

 

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. The Ceres Power 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 offer 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/

 

 

 

 

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

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)

 

 

Price(s)

Volume(s)

N/A

138,530

d)

Aggregated information

 

Price(s)

Volume(s)

N/A

138,530

e)

Date of the transaction

 

10 October 2018

 

f)

Place of the transaction

 

 

N/A

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

Richard Preston

2

Reason for the notification


a)


Position/status

 

Chief Financial 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

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)

 

 

Price(s)

Volume(s)

N/A

75,560

d)

Aggregated information

 

Price(s)

Volume(s)

N/A

75,560

e)

Date of the transaction

 

10 October 2018

 

f)

Place of the transaction

 

 

N/A

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

Mark Selby

2

Reason for the notification


a)


Position/status

 

Chief Technical Officer, PDMR

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

 

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)

 

 

Price(s)

Volume(s)

N/A

75,560

d)

Aggregated information

 

Price(s)

Volume(s)

N/A

75,560

e)

Date of the transaction

 

10 October 2018

 

f)

Place of the transaction

 

 

N/A

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

James Falla

2

Reason for the notification


a)


Position/status

 

Chief Operating Officer, PDMR

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

 

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)

 

 

Price(s)

Volume(s)

N/A

75,560

d)

Aggregated information

 

Price(s)

Volume(s)

N/A

75,560

e)

Date of the transaction

 

10 October 2018

 

f)

Place of the transaction

 

 

N/A

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

Anthony Cochrane

2

Reason for the notification


a)


Position/status

 

Chief Commercial Officer, PDMR

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

 

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)

 

 

Price(s)

Volume(s)

N/A

75,560

d)

Aggregated information

 

Price(s)

Volume(s)

N/A

75,560

e)

Date of the transaction

 

10 October 2018

 

f)

Place of the transaction

 

 

N/A

 


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