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RNS Number : 0482U
Ceres Power Holdings plc
20 December 2012
 



20 December 2012

 

 

 

For immediate release

 

 

Ceres Power Holdings plc

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

 

Grant of Share Options

 

 

The Company announces that on 18th December 2012, certain of the Non-Executive Directors of the Company were granted standalone share options over the Company's ordinary shares of 1 pence each ("Ordinary Shares").

 

Mr Steve Callaghan, Non-Executive Director, was granted options to subscribe for 2,000,000 Ordinary Shares at an exercise price of 1 pence per share. Mr Callaghan exercised all of these share options on 18th December 2012 and accordingly Mr Callaghan now holds a total of 2,000,000 Ordinary Shares, representing approximately 0.48% of the Company's total issued share capital. Mr Steve Callaghan has agreed, subject to the customary exceptions, that he will not dispose of the Ordinary Shares acquired for a period of 12 months from 18th December 2012.

 

Mr Mike Lloyd, Non-Executive Director, was granted options to subscribe for 750,000 Ordinary Shares at an exercise price of 1 pence per share. These share options may be exercised following the third anniversary of the date of their grant.

 

 

 

Enquiries:

 

Ceres Power Holdings plc                                  Tel. +44 (0) 20 7444 0064

Alan Aubrey, Chairman

 

 

Investec Bank plc                                              Tel. +44 (0)20 7597 4000

Chris Sim/James Ireland

 

Kreab Gavin Anderson & Company                   Tel. +44 (0)20 7074 1800

Ken Cronin


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