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RNS Number : 4131V
Ceres Power Holdings plc
09 July 2009
 



Ceres Power Holdings PLC (the 'Company')


Grant of Share Options  

  

The Company announces that on 1 July 2009, Executive Directors of the 

Company were granted 'par value' share options under the Company's CHP Project Bonus Plan (the "Plan"), as approved by shareholders at the Company's Annual General Meeting held on 5th December 2008.  These options have been awarded as part of the bonus payment for the successful completion of the Alpha phase of the CHP Project. Under the Plan, half of the bonus payment is payable immediately in cash and the other half is payable as par value options. 

  

Peter Bance, Chief Executive Officer and Rex Vevers, Finance Director were awarded options to subscribe for a total of 38,048 and 23,518 ordinary shares of £0.05 in the Company respectively at an exercise price of £0.05 per share. These options can be exercised by the Executive Director at any time after the end of the Company's financial year ending on 30 June 2012. 

  

  

For further information contact: 


Ceres Power Holdings plc

Tel. +44 (0)1293 400 404

Peter Bance, Chief Executive


Rex Vevers, Finance Director

 

 

 

Morgan Stanley

Tel. +44 (0)20 7677 5044

Alisdair Gayne/Alastair Walmsley




Gavin Anderson & Company

Tel. +44 (0)20 7554 1400

Robert Speed/Ken Cronin/Deborah Walter 






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