Original
RNS Number : 9883X
Ceres Power Holdings plc
30 November 2017
 

30 November 2017

This announcement contains inside information

 

Ceres Power Holdings plc

("Ceres Power" or the "Company")

 

Director's Dealing and Total Voting Rights

Ceres Power Holdings plc (AIM: CWR) announces that on 29 November 2017, Mike Lloyd, Non-Executive Director, exercised options in relation to 920,000 ordinary shares of 1p each in the Company ("Ordinary Shares") at a weighted average exercise price of 2.64p per share. Mr Lloyd retained all the Ordinary Shares acquired and as a result has increased his shareholding to 2,250,597 Ordinary Shares, representing approximately 0.22 per cent of the issued ordinary share capital of the Company. The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Ceres Power Holdings plc (AIM: CWR) confirms that as at 29 November 2017, the Company had 1,014,849,929 ordinary shares of 1 pence each ("Ordinary Shares") in issue, with one voting right each. The Company does not hold any shares in treasury. The number of Ordinary Shares with voting rights is therefore 1,014,849,929.

Accordingly, these figures may be used by shareholders as a denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company, under the Disclosure and Transparency Rules.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Michael Lloyd

2

Reason for the notification

a)

Position/status

Non-Executive 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

1p ordinary shares                                                            

ISIN GB00B0351429

b)

Nature of the transaction

Exercise of Share Options under the 2004 Employees Share Option Scheme

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.00 pence

750,000

9.875 pence

170,000

 

d)

Aggregated information

 

Price(s)

Volume(s)

1.00 pence

750,000

9.875 pence

170,000

 

e)

Date of the transaction

 

29 November 2017

 

f)

Place of the transaction 

N/A

 

 

 

 

 

Ceres Power Holdings plc

Dan Caesar

 

Tel: +44 (0)1403 273 463

 

Zeus Capital (Nominated Adviser and Broker)

Giles Balleny /Andrew Jones/Hugh Kingsmill Moore

 

 

Tel: +44 (0) 20 3829 5000

 

Berenberg (Joint Broker)

Ben Wright / Mark Whitmore / Laure Fine

 

 

Tel: +44 (0) 203 207 7800

 

Powerscourt

Peter Ogden/Andy Jones

 

 

Tel: +44 (0) 20 7250 1446

         

  

Notes to Editors:

 

About Ceres Power

Ceres Power (http://www.cerespower.com/) 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 Steel Cell 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 offers its partners the opportunity to develop power systems and products using its unique Steel Cell technology and know-how, combined with the opportunity to supply the Steel Cell in volume through its manufacturing partners. 


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