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Ceres Power Holdings plc
Ceres Power Holdings - Grant of Long Term Incentive Plan Awards
7th October 2024, 13:12
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RNS Number : 2228H
Ceres Power Holdings plc
07 October 2024
 

7 October 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 4 Oct 2024 under the Ceres Power Holdings plc Long Term Incentive Plan (the "Plan") to the below mentioned Persons Discharging Managerial Responsibilities ("PDMRs").

 

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

Stuart Paynter

2

Reason for the notification

a)

Position/Status

Chief Financial 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 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

160,709

d)

Aggregated information

-Aggregated volume

-Price

Aggregate Price

Aggregate Volume

Aggregate Total

10p

160,709

£16,070.90

e)

Date of the transaction

4 October 2024

f)

Place of the transaction

N/A

 

 

1

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Nick Lawrence

2

Reason for the notification

a)

Position/Status

Chief Product 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 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

32,142

d)

Aggregated information

-Aggregated volume

-Price

Aggregate Price

Aggregate Volume

Aggregate Total

10p

32,142

£3,214.20

e)

Date of the transaction

4 October 2024

f)

Place of the transaction

N/A

 

 

1

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Filip Smeets

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 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

80,928

d)

Aggregated information

-Aggregated volume

-Price

Aggregate Price

Aggregate Volume

Aggregate Total

10p

80,928

£8,092.80

e)

Date of the transaction

4 October 2024

f)

Place of the transaction

N/A

 

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

Ceres Power Holdings plc

Patrick Yau

 

Tel: +44(0)7884 654 179

FTI Consulting (PR Adviser)

Dwight Burden

Tel: +44 (0)203 727 1000

Email: ceres_power@fticonsulting.com

 

About Ceres

Ceres is a leading developer of clean energy technology: electrolysis for the production 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, Delta, Denso, Shell, Thermax and Weichai. Ceres' solid oxide 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. Read more on our website www.ceres.tech or follow us on LinkedIn.

 

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