29 May 2024
Ceres Power Holdings plc
("Ceres Power" or "the Company")
Grant of Long Term Incentive Plan ("LTIP") Awards
Ceres Power Holdings plc (the "Company") announces the grant of LTIP share options on 28 May 2024 under the Ceres Power Holdings plc Long Term Incentive Plan (the "Plan") to the following Persons Discharging Managerial Responsibilities ("PDMRs"):
| Name | Position | No. share options granted |
| Philip Caldwell | Chief Executive Officer | 627,530 |
| Eric Lakin | Chief Financial Officer | 394,062 |
| Anthony Cochrane | Chief Commercial Officer | 310,391 |
| Caroline Hargrove | Chief Technology Officer | 219,130 |
| Mark Garrett | Chief Operating Officer | 219,130 |
| Michelle Traynor | Chief People Officer | 197,368 |
| Mark Selby | Chief Growth Officer | 175,304 |
| Deborah Grimason | General Counsel & Company Secretary | 219,130 |
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 of dealing forms can be found below.
This notification is made in accordance with the requirements of the UK Market Abuse Regulation.
Notification of dealing form
| 1 | Details of the person discharging managerial responsibilities/ person closely associated | ||||
| a) | Name | Philip Caldwell | |||
| 2 | Reason for the notification | ||||
| a) | Position/Status | 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 transaction have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09 | |||
| b) | Nature of the transaction | Grant of Long Term Incentive Plan Awards | |||
| c) | Price(s) and volume (s) | Price(s) | Volume(s) | ||
| 10p | 627,530 | ||||
| d) | Aggregated information -Aggregated volume -Price | Aggregate Price | Aggregate Volume | Aggregate Total | |
| 10p | 627,530 | £62,753.00 | |||
| e) | Date of the transaction | 28 May 2024 | |||
| 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 | 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 transaction have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09 | |||
| b) | Nature of the transaction | Grant of Long Term Incentive Plan Awards | |||
| c) | Price(s) and volume (s) | Price(s) | Volume(s) | ||
| 10p | 394,062 | ||||
| d) | Aggregated information -Aggregated volume -Price | Aggregate Price | Aggregate Volume | Aggregate Total | |
| 10p | 394,062 | £39,406.20 | |||
| e) | Date of the transaction | 28 May 2024 | |||
| 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 | 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 transaction have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09 | |||
| b) | Nature of the transaction | Grant of Long Term Incentive Plan Awards | |||
| c) | Price(s) and volume (s) | Price(s) | Volume(s) | ||
| 10p | 310,391 | ||||
| d) | Aggregated information -Aggregated volume -Price | Aggregate Price | Aggregate Volume | Aggregate Total | |
| 10p | 310,391 | £31,039.10 | |||
| e) | Date of the transaction | 28 May 2024 | |||
| 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 | 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 transaction have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09 | |||
| b) | Nature of the transaction | Grant of Long Term Incentive Plan Awards | |||
| c) | Price(s) and volume (s) | Price(s) | Volume(s) | ||
| 10p | 219,130 | ||||
| d) | Aggregated information -Aggregated volume -Price | Aggregate Price | Aggregate Volume | Aggregate Total | |
| 10p | 219,130 | £21,913.00 | |||
| e) | Date of the transaction | 28 May 2024 | |||
| 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 | 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 transaction have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09 | |||
| b) | Nature of the transaction | Grant of Long Term Incentive Plan Awards | |||
| c) | Price(s) and volume (s) | Price(s) | Volume(s) | ||
| 10p | 219,130 | ||||
| d) | Aggregated information -Aggregated volume -Price | Aggregate Price | Aggregate Volume | Aggregate Total | |
| 10p | 219,130 | £21,913.00 | |||
| e) | Date of the transaction | 28 May 2024 | |||
| 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 | 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 transaction have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09 | |||
| b) | Nature of the transaction | Grant of Long Term Incentive Plan Awards | |||
| c) | Price(s) and volume (s) | Price(s) | Volume(s) | ||
| 10p | 197,368 | ||||
| d) | Aggregated information -Aggregated volume -Price | Aggregate Price | Aggregate Volume | Aggregate Total | |
| 10p | 197,368 | £19,736.80 | |||
| e) | Date of the transaction | 28 May 2024 | |||
| 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 | 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 transaction have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09 | |||
| b) | Nature of the transaction | Grant of Long Term Incentive Plan Awards | |||
| c) | Price(s) and volume (s) | Price(s) | Volume(s) | ||
| 10p | 175,304 | ||||
| d) | Aggregated information -Aggregated volume -Price | Aggregate Price | Aggregate Volume | Aggregate Total | |
| 10p | 175,304 | £17,530.40 | |||
| e) | Date of the transaction | 28 May 2024 | |||
| 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 | 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 transaction have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09 | |||
| b) | Nature of the transaction | Grant of Long Term Incentive Plan Awards | |||
| c) | Price(s) and volume (s) | Price(s) | Volume(s) | ||
| 10p | 219,130 | ||||
| d) | Aggregated information -Aggregated volume -Price | Aggregate Price | Aggregate Volume | Aggregate Total | |
| 10p | 219,130 | £21,913.00 | |||
| e) | Date of the transaction | 28 May 2024 | |||
| f) | Place of the transaction | N/A | |||
For further information visit www.ceres.tech or contact:
| Ceres Power Holdings plc Elizabeth Skerritt
| Tel: +44(0)7932 023 283 |
| FTI Consulting (PR Adviser) Dwight Burden | Tel: +44 (0)203 727 1000 |
About Ceres Power
Ceres is a leading developer of clean energy technology; electrolysis for the creation of green hydrogen and fuel cells for power generation. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest companies, such as Bosch, Doosan, Shell and Weichai. Ceres' solid oxide platform technology supports greater electrification of our energy systems and produces green hydrogen at high-efficiencies as a route to decarbonise emissions-intensive industries such as steelmaking, ammonia, and future fuels. 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.
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