Last checked at 11 Aug 2020 07:00
11 August 2020
Ceres Power Holdings plc (AIM:CWR)
Director's Dealing
Ceres Power Holdings plc (the "Company"), a global leader in fuel cell technology and engineering, announces that Steve Callaghan, Senior Independent Director, sold 200,000 shares on 10 August 2020 at an average sale price of 507.95p. He retains 139,919 shares in the Company.
The Company remuneration policy on PDMR shareholding is that the CEO should hold a minimum of 150% of salary in shares and exercisable share options, and all other Directors and PDMRs a minimum of 100% of salary. This policy helps to ensure that the interests of the investors remain aligned with those of Directors and management. Following the above transaction, each PDMR retains a combined value of shareholdings and exercisable options significantly above these thresholds.
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 | Sale of shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information |
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e) | Date of the transaction | 10 August 2020 | ||||
f) | Place of the transaction | N/A | ||||
- Ends -
For further information, please contact:
Ceres Power Holdings plc Elizabeth Skerritt |
| Tel: +44 (0)1403 273 463 |
Investec Bank PLC (NOMAD & Joint Broker) Jeremy Ellis / Patrick Robb |
|
Tel: +44 (0)207 597 4000 |
Berenberg (Joint Broker) Ben Wright / Mark Whitmore |
|
Tel: +44 (0) 203 207 7800 |
Powerscourt Peter Ogden / James White |
|
Tel: +44 (0) 20 7250 1446 |
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 SteelCell® technology generates power from widely available fuels such as natural gas and future fuels such as hydrogen enabling a transition from low to zero carbon power generation at high efficiency. The SteelCell® is manufactured using standard processing equipment and conventional materials such as steel, meaning that it can be mass produced at an affordable price. Ceres Power offers its partners the opportunity to develop power systems and products using its unique technology and know-how, as well as the opportunity to manufacture the SteelCell® in volume.