Ceres Power Holdings PLC

Director's Dealing • Mar 24, 2022

National Storage Mechanism | Additional information

RNS Number : 8312F

Ceres Power Holdings plc

24 March 2022

24 March 2022

Ceres Power Holdings plc

("Ceres Power" or the "Company")

GRANT OF LONG-TERM INCENTIVE PLAN ("LTIP") AWARDS

AND TOTAL VOTING RIGHTS

Ceres Power Holdings plc (AIM: CWR) announces that yesterday, 23 March 2022, LTIP share options were awarded to Executive Directors and PDMRs of the Company, as well as other key employees. 

Awards to PDMRs are as follows:

Philip Caldwell (Chief Executive Officer) 126,080; Eric Lakin (Chief Financial Officer) 118,880; Caroline Hargrove (Chief Technology Officer) 68,080; Anthony Cochrane (Chief Commercial Officer) 64,840; Deborah Grimason (General Counsel & Company Secretary) 64,840; Mark Garrett (Chief Operating Officer) 45,390; Geraint Castleton-White (Chief Programmes Officer) 18,370; Clarissa de Jager (Chief of Intellectual Property) 17,290; Michelle Traynor (People Director) 17,020.

These LTIP share options are in respect of the Company's ordinary shares of 10 pence each and have a nominal value exercise price. Vesting of the options is conditional upon achieving certain challenging share price and commercial targets over their three-year performance period.  A further two-year holding period in addition to the three-year vesting period applies to these awards. 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Total Voting Rights

Ceres Power confirms that as at 23 March 2022, the Company had 190,729,638 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 190,729,638.

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.

For further information please visit www.ceres.tech or contact:

Ceres Power Holdings plc Elizabeth Skerritt		Tel: +44 (0)1403 273 463
Investec Bank PLC (NOMAD & Joint Broker) Jeremy Ellis / Patrick Robb		Tel: +44 (0)207 597 5970
Berenberg (Joint Broker) Ben Wright / Mark Whitmore		Tel: +44 (0) 203 207 7800
FTI Consulting (Financial PR) Dwight Burden		Tel: +44 (0)203 727 1000 Email: ceres_power@fticonsulting.com

About Ceres Power

Ceres is a world-leading developer of electrochemical technologies: fuel cells for power generation, electrolysis for the creation of green hydrogen and energy storage. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest engineering and technology companies, such as Weichai in China, Bosch in Germany, Miura in Japan, and Doosan in Korea, to develop systems and products that address climate change for power generation, transportation, industry, data centres and everyday living.  Ceres is listed on the AIM market of the London Stock Exchange ("LSE") (AIM: CWR) and is classified by the LSE Green Economy Mark, which recognises listed companies that derive more than 50% of their activity from the green economy.

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

Nominal value options over 10p ordinary shares                                                            

ISIN GB00BG5KQW09

b)

Nature of the transaction

Grant of Long Term Incentive Plan Awards

c)

Price(s) and volume(s) 

Price(s)	Volume(s)
10.0 pence	126,080

d)

Aggregated information 

Price(s)	Volume(s)
10.0 pence	126,080

e)

Date of the transaction

23 March 2022

f)

Place of the transaction 

N/A

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Eric Lakin

2

Reason for the notification

a)

Position/status

Chief Financial 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

Nominal value options over 10p ordinary shares                                                            

ISIN GB00BG5KQW09

b)

Nature of the transaction

Grant of Long Term Incentive Plan Awards

c)

Price(s) and volume(s) 

Price(s)	Volume(s)
10.0 pence	118,880

d)

Aggregated information 

Price(s)	Volume(s)
10.0 pence	118,880

e)

Date of the transaction

23 March 2022

f)

Place of the transaction 

N/A

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Caroline Hargrove

2

Reason for the notification

a)

Position/status

Chief Technology Officer, PDMR

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

Nominal value options over 10p ordinary shares                                                            

ISIN GB00BG5KQW09

b)

Nature of the transaction

Grant of Long Term Incentive Plan Awards

c)

Price(s) and volume(s) 

Price(s)	Volume(s)
10.0 pence	68,080

d)

Aggregated information 

Price(s)	Volume(s)
10.0 pence	68,080

e)

Date of the transaction

23 March 2022

f)

Place of the transaction 

N/A

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Anthony Cochrane

2

Reason for the notification

a)

Position/status

Chief Commercial Officer, PDMR

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

Nominal value options over 10p ordinary shares                                                            

ISIN GB00BG5KQW09

b)

Nature of the transaction

Grant of Long Term Incentive Plan Awards

c)

Price(s) and volume(s) 

Price(s)	Volume(s)
10.0 pence	64,840

d)

Aggregated information 

Price(s)	Volume(s)
10.0 pence	64,840

e)

Date of the transaction

23 March 2022

f)

Place of the transaction 

N/A

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Deborah Grimason

2

Reason for the notification

a)

Position/status

General Counsel and Company Secretary, PDMR

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

Nominal value options over 10p ordinary shares                                                            

ISIN GB00BG5KQW09

b)

Nature of the transaction

Grant of Long Term Incentive Plan Awards

c)

Price(s) and volume(s) 

Price(s)	Volume(s)
10.0 pence	64,840

d)

Aggregated information 

Price(s)	Volume(s)
10.0 pence	64,840

e)

Date of the transaction

23 March 2022

f)

Place of the transaction 

N/A

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mark Garrett

2

Reason for the notification

a)

Position/status

Chief Operating Officer, PDMR

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

Nominal value options over 10p ordinary shares                                                            

ISIN GB00BG5KQW09

b)

Nature of the transaction

Grant of Long Term Incentive Plan Awards

c)

Price(s) and volume(s) 

Price(s)	Volume(s)
10.0 pence	45,390

d)

Aggregated information 

Price(s)	Volume(s)
10.0 pence	45,390

e)

Date of the transaction

23 March 2022

f)

Place of the transaction 

N/A

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Geraint Castleton-White

2

Reason for the notification

a)

Position/status

Chief Programme Officer, PDMR

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

Nominal value options over 10p ordinary shares                                                            

ISIN GB00BG5KQW09

b)

Nature of the transaction

Grant of Long Term Incentive Plan Awards

c)

Price(s) and volume(s) 

Price(s)	Volume(s)
10.0 pence	18,370

d)

Aggregated information 

Price(s)	Volume(s)
10.0 pence	18,370

e)

Date of the transaction

23 March 2022

f)

Place of the transaction 

N/A

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Clarissa de Jager

2

Reason for the notification

a)

Position/status

Chief of Intellectual Property, PDMR

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

Nominal value options over 10p ordinary shares                                                            

ISIN GB00BG5KQW09

b)

Nature of the transaction

Grant of Long Term Incentive Plan Awards

c)

Price(s) and volume(s) 

Price(s)	Volume(s)
10.0 pence	17,290

d)

Aggregated information 

Price(s)	Volume(s)
10.0 pence	17,290

e)

Date of the transaction

23 March 2022

f)

Place of the transaction 

N/A

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Michelle Traynor

2

Reason for the notification

a)

Position/status

People Director, PDMR

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

Nominal value options over 10p ordinary shares                                                            

ISIN GB00BG5KQW09

b)

Nature of the transaction

Grant of Long Term Incentive Plan Awards

c)

Price(s) and volume(s) 

Price(s)	Volume(s)
10.0 pence	17,020

d)

Aggregated information 

Price(s)	Volume(s)
10.0 pence	17,020

e)

Date of the transaction

23 March 2022

f)

Place of the transaction 

N/A

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