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Regulatory News


Grant of Share Options under the Sharesave Scheme

Thu, 7th Dec 2017 07:00


RNS Number : 6272Y
Ceres Power Holdings plc
07 December 2017
 

7 December 2017

This announcement contains inside information

 

Ceres Power Holdings plc

("Ceres Power" or the "Company")

 

Grant of Share Options under the Sharesave Scheme

Ceres Power Holdings plc (AIM: CWR) announces the grant of options on 6 December 2017 under the Ceres Power Sharesave Scheme (the "Scheme").  The Scheme is an 'all employee share scheme' which is available annually to all employees subject to qualifying conditions, which was approved by the HM Revenue & Customs, and which was introduced to encourage wider employee share ownership of the Company.

Options to purchase a total of 2,265,603 ordinary shares of 1 pence of the Company ("Ordinary Shares") have been granted.  These options will be exercisable between 1 February 2021 and 31 July 2021 at an exercise price of 10.6p per share.

Included in the above is a grant to Richard Preston, the Company's Chief Financial Officer, who has been granted an option to purchase 84,905 Ordinary Shares.  Following this grant, Richard Preston now holds options over 6,830,679 Ordinary Shares.

 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

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

Sharesave options over 1p ordinary shares                                                            

ISIN GB00B0351429

b)

Nature of the transaction

Grant of Share Options under the Sharesave Scheme

c)

Price(s) and volume(s) 

Price(s)

Volume(s)

10.6 pence

84,905

 

d)

Aggregated information 

Price(s)

Volume(s)

10.6 pence

84,905

 

e)

Date of the transaction

6 December 2017

f)

Place of the transaction 

N/A

 

 

 

 

 

Ceres Power Holdings plc

Dan Caesar

 

Tel: +44 (0)1403 273 463

 

Zeus Capital (Nominated Adviser and Broker)

Giles Balleny /Andrew Jones/Hugh Kingsmill Moore

 

 

Tel: +44 (0) 20 3829 5000

 

Berenberg (Joint Broker)

Ben Wright / Mark Whitmore / Laure Fine

 

 

Tel: +44 (0) 203 207 7800

 

Powerscourt

Peter Ogden/Andy Jones

 

 

Tel: +44 (0) 20 7250 1446

 

 

 

 

             

  

Notes to Editors:

 

About Ceres Power

Ceres Power (http://www.cerespower.com/) is a world leader in low cost, next generation fuel cell technology for use in distributed power products that reduce operating costs, lower CO2, SOx and NOx emissions, increase efficiency and improve energy security. The Ceres Power unique patented Steel Cell technology generates power from widely available fuels at high efficiency and is manufactured using standard processing equipment and conventional materials such as steel, meaning that it can be mass produced at an affordable price for domestic and business use.

 

Ceres Power offers its partners the opportunity to develop power systems and products using its unique Steel Cell technology and know-how, combined with the opportunity to supply the Steel Cell in volume through its manufacturing partners. 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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