Ceres Power Holdings PLC

Director's Dealing • Mar 23, 2021

National Storage Mechanism | Additional information

RNS Number : 2088T

Ceres Power Holdings plc

23 March 2021

23 March 2021

Ceres Power Holdings plc (AIM:CWR)

Director's Dealings

Ceres Power Holdings plc (the "Company"), a global leader in fuel cell and electrochemical technology, announces the following share transactions carried out by certain Non-Executive Directors and persons discharging managerial responsibilities (PDMRs) which took effect on 22 March 2021, acquired as part of the Company's successful fund raise as announced on 18 March 2021.

The following Directors and PDMRs participated in the fundraise:

	Shareholding before transaction	Number of 10p ordinary shares acquired	Current shareholding	Current shareholding (%)
Warren Finegold	5,004	5,000	10,004	0.01%
Stephen Callaghan	139,919	9,433	149,352	0.08%
Uwe Glock	0	4,000	4,000	0.00%
Caroline Hargrove	0	943	943	0.00%
Aidan Hughes	26,520	5,000	31,520	0.02%

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

Stephen Callaghan

2

Reason for the notification

a)

Position/status

Non-Executive Director, Senior Independent 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

10p ordinary shares                                                            

ISIN GB00BG5KQW09

b)

Nature of the transaction

Purchase of new shares

c)

Price(s) and volume(s) 

Purchase price	Volume
1060 pence	9,433

d)

Aggregated information 

Purchase price	Volume
1060 pence	9,433

e)

Date of the transaction

22 March 2021

f)

Place of the transaction 

N/A

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Warren Finegold

2

Reason for the notification

a)

Position/status

Non-Executive Director, Chairman

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

10p ordinary shares                                                            

ISIN GB00BG5KQW09

b)

Nature of the transaction

Purchase of new shares

c)

Price(s) and volume(s) 

Purchase price	Volume
1060 pence	5,000

d)

Aggregated information 

Purchase price	Volume
1060 pence	5,000

e)

Date of the transaction

22 March 2021

f)

Place of the transaction 

N/A

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Uwe Glock

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

10p ordinary shares                                                            

ISIN GB00BG5KQW09

b)

Nature of the transaction

Purchase of new shares

c)

Price(s) and volume(s) 

Purchase price	Volume
1060 pence	4,000

d)

Aggregated information 

Purchase price	Volume
1060 pence	4,000

e)

Date of the transaction

22 March 2021

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

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

10p ordinary shares                                                            

ISIN GB00BG5KQW09

b)

Nature of the transaction

Purchase of new shares

c)

Price(s) and volume(s) 

Purchase price	Volume
1060 pence	943

d)

Aggregated information 

Purchase price	Volume
1060 pence	943

e)

Date of the transaction

22 March 2021

f)

Place of the transaction 

N/A

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Aidan Hughes

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

10p ordinary shares                                                            

ISIN GB00BG5KQW09

b)

Nature of the transaction

Purchase of new shares

c)

Price(s) and volume(s) 

Purchase price	Volume
1060 pence	5,000

d)

Aggregated information 

Purchase price	Volume
1060 pence	5,000

e)

Date of the transaction

22 March 2021

f)

Place of the transaction 

N/A

- Ends -

For further information, please contact:

Ceres Power Holdings plc Patrick Yau/ Elizabeth Skerritt		Tel: +44 (0)7884 654 179/        +44 (0)7932 023 283
Investec Bank PLC (NOMAD & Joint Broker) Jeremy Ellis / Patrick Robb / Ben Griffiths		Tel: +44 (0)207 597 5970
Berenberg (Joint Broker) Ben Wright / Mark Whitmore		Tel: +44 (0)203 207 7800
Madano (Financial PR) Michael Evans / Hoda Awad		Tel: +44 (0) 20 7593 4000

About Ceres Power

Ceres is a world-leading developer of solid oxide electrochemical technology for applications in fuel cells and hydrogen that enables its partners to deliver clean energy at scale and speed.  Its asset-light, licensing model has seen it embed its technology in some of the world's most progressive 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 power generation, transportation and industrial applications. Ceres is listed on the AIM market of the London Stock Exchange ("LSE") (AIM: CWR.L) and was awarded the Green Economy Mark by the LSE, which recognises listed companies that derive more than 50% of their revenues from the green economy.

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