Ceres Power Holdings PLC

Remuneration Information • Dec 11, 2020

National Storage Mechanism | Additional information

RNS Number : 3786I

Ceres Power Holdings plc

11 December 2020

11 December 2020

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, 10 December 2020, 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 (CEO) 114,107; Richard Preston (CFO) 55,016; Mark Selby (CTO) 35,210; Mark Garrett (COO) 97,806; and Anthony Cochrane (CCO) 130,408.

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

Following the exercise of other employee options over 5,588 Ordinary Shares, Ceres Power confirms that as at 11 December 2020, the Company had 171,431,389 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 171,431,389.

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 contact:

Ceres Power Holdings plc Richard Preston		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
Powerscourt Peter Ogden / James White		Tel: +44 (0) 20 7250 1446

Notes to Editors:

About Ceres Power

Ceres is a world-leading developer of next generation solid oxide fuel cell (SOFC) and electrochemical technology. 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 South Korea, to develop systems and products that address climate change and air quality challenges for 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	114,107

d)

Aggregated information 

Price(s)	Volume(s)
10.0 pence	114,107

e)

Date of the transaction

10 December 2020

f)

Place of the transaction 

N/A

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Richard Preston

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	55,016

d)

Aggregated information 

Price(s)	Volume(s)
10.0 pence	55,016

e)

Date of the transaction

10 December 2020

f)

Place of the transaction 

N/A

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mark Selby

2

Reason for the notification

a)

Position/status

Chief Technology 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	35,210

d)

Aggregated information 

Price(s)	Volume(s)
10.0 pence	35,210

e)

Date of the transaction

10 December 2020

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, 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	97,806

d)

Aggregated information 

Price(s)	Volume(s)
10.0 pence	97,806

e)

Date of the transaction

10 December 2020

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, 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	130,408

d)

Aggregated information 

Price(s)	Volume(s)
10.0 pence	130,408

e)

Date of the transaction

10 December 2020

f)

Place of the transaction 

N/A

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