Ceres Power Holdings PLC

Director's Dealing • Oct 4, 2023

National Storage Mechanism | Additional information

RNS Number : 7184O

Ceres Power Holdings plc

04 October 2023

4 October 2023

Ceres Power Holdings plc

("Ceres Power" or "the Company")

Notifications of transactions by Persons Discharging Managerial Responsibilities

(together 'PDMRs')

The Company was notified on 3 October 2023 that Phil Caldwell, CEO and a PDMR of the Company, exercised share options under the Ceres Power Holdings plc 2004 Employees' Share Option Scheme and retained all of the shares. Details are set out below:

Name	Share options exercised	Shares purchased	Total shares acquired	Option exercise price	Share purchase price	Shareholding after transaction
Phil Caldwell	11,859	81,746	93,605	85.4p	320.4p	365,888

As part of the exercise of share options by Phil Caldwell, he acquired a total of 93,605 shares in the Company, of which 81,746 shares in the Company were received in return for 123,313 Employee Shareholder Status (ESS) shares in the Company's subsidiary, Ceres Power Intermediate Holdings Limited, which had been acquired as a modification to the unexercised 2004 Employees' Share Scheme options in 2014 and 2015.  He also exercised 11,859 ESS-linked options in the Company.  All of the shares acquired were retained.

The notification of dealing form can be found below.

This notification is made in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.

Notification of dealing form

1	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name	Phil Caldwell
2	Reason for the notification
a)	Position/Status	PDMR - CEO
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 transaction have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09
b)	Nature of the transaction	Exercise of Share Options under the Ceres Power Holdings plc 2004 Employees' Share Option Scheme and disposal of Employee Shareholder Status shares in Ceres Power Intermediate Holdings Limited
c)	Price(s) and volume (s)	Price(s)		Volume(s)
85.4 pence 320.4 pence		11,859 81,746
d)	Aggregated information -Aggregated volume -Price	Aggregate Price	Aggregate Volume		Aggregate Total
£2.906	93,605		£272,041.77
e)	Date of the transaction	3 October 2023
f)	Place of the transaction	N/A

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

Ceres Power Holdings plc Marianne Millard (Deputy Company Secretary)	Tel: +44 (0)7752 470802
FTI Consulting (PR Adviser) 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 London Stock Exchange ("LSE") (LSE: 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHUPGUPUUPWGCC