Original
RNS Number : 4861Z
Ceres Power Holdings plc
15 March 2017
 

15 March 2017

This announcement contains inside information

 

Ceres Power Holdings plc

("Ceres Power" or the "Company")

 

Director's Dealing

Ceres Power Holdings plc (AIM: CWR) announces that on the 14 March 2017, Phil Caldwell, Chief Executive Officer, exercised options under the Ceres Power Sharesave Scheme, in relation to 143,312 ordinary shares of 1p each in the Company ("Ordinary Shares") at an exercise price of 6.28p per share, increasing his shareholding to 260,958 Ordinary Shares, representing approximately 0.03 per cent of the issued ordinary share capital of the Company. As a result, Mr Caldwell now holds options over 22,851,696 Ordinary Shares.

 

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

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

1p ordinary shares                                                            

ISIN GB00B0351429

b)

Nature of the transaction

Exercise of Share Options under the Sharesave Scheme and purchase of shares

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

6.28 pence

143,312

d)

Aggregated information

 

Price(s)

Volume(s)

6.28 pence

143,312

e)

Date of the transaction

 

14 March 2017

 

f)

Place of the transaction 

N/A

 

Ceres Power Holdings plc

Phil Caldwell, CEO

Richard Preston, CFO

Dan Caesar, Communications & Marketing Director

 

+44 (0)1403 273 463

Zeus Capital (Nominated Adviser and Broker)

Phil Walker/Andrew Jones

Hugh Kingsmill Moore

 

+44 (0) 20 3829 5000

Powerscourt

Peter Ogden/Andy Jones

 

+44 (0) 20 7250 1446



 

  

Notes to Editors:

 About Ceres Power

Ceres Power (http://www.cerespower.com/) is a world leading developer of low cost, next generation fuel cell technology for use in decentralised energy products that reduce operating costs, lower CO2 emissions, increase efficiency and improve energy security. Ceres Power's unique patented SteelCell technology operates on mains natural gas and is manufactured using standard manufacturing processes and conventional materials such as steel, meaning that it can be mass produced at an affordable price for domestic and business use.

www.cerespower.com  

 


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