Original
RNS Number : 1513K
Ceres Power Holdings plc
11 December 2018
 

11 December 2018

Ceres Power Holdings plc

("Ceres Power" or the "Company")

Director's Dealing

 

Ceres Power Holdings plc (AIM: CWR) announces that today, 11 December 2018, Stephen Callaghan, Non-Executive Director, exercised share options under the Ceres Power 2004 Employees Share Option Scheme, and retained the shares. 

The share options exercised by Mr Callaghan related to 150,000 ordinary shares of 10p each in the Company ("Ordinary Shares") at an exercise price of 98.75 pence per share, increasing his shareholding to 556,279 Ordinary Shares, representing approximately 0.41 per cent. of the issued Ordinary Shares of the Company.

 

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

Stephen Callaghan

2

Reason for the notification

a)

Position/status

Senior Independent Director, 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

10p ordinary shares                                                            

ISIN GB00BG5KQW09

b)

Nature of the transaction

Exercise of Share Options under the Ceres Power 2004 Employees Share Option Scheme and purchase of shares

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

98.75 pence

150,000

d)

Aggregated information

 

Price(s)

Volume(s)

98.75 pence

150,000

e)

Date of the transaction

 

11 December 2018

 

f)

Place of the transaction 

N/A

 

 

- Ends -

 

 

For further information, please contact:

Ceres Power Holdings plc

Richard Preston, CFO


Tel: +44 (0)1403 273 463

 

Zeus Capital (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

 

 

 

 

 

 

 

 

 

Notes to Editor:

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/

 


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