Last checked at 23 Mar 2021 11:41
23 March 2021
Ceres Power Holdings plc (AIM:CWR)
Director's Dealings
Ceres Power Holdings plc (the "Company"), a global leader in fuel cell and electrochemical technology, announces the following share transactions carried out by certain Non-Executive Directors and persons discharging managerial responsibilities (PDMRs) which took effect on 22 March 2021, acquired as part of the Company's successful fund raise as announced on 18 March 2021.
The following Directors and PDMRs participated in the fundraise:
| Shareholding before transaction | Number of 10p ordinary shares acquired | Current shareholding | Current shareholding (%) |
Warren Finegold | 5,004 | 5,000 | 10,004 | 0.01% |
Stephen Callaghan | 139,919 | 9,433 | 149,352 | 0.08% |
Uwe Glock | 0 | 4,000 | 4,000 | 0.00% |
Caroline Hargrove | 0 | 943 | 943 | 0.00% |
Aidan Hughes | 26,520 | 5,000 | 31,520 | 0.02% |
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 | Purchase of new shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information |
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e) | Date of the transaction | 22 March 2021 | ||||
f) | Place of the transaction | N/A | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Warren Finegold | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-Executive Director, Chairman | ||||
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 | Purchase of new shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information |
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e) | Date of the transaction | 22 March 2021 | ||||
f) | Place of the transaction | N/A | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Uwe Glock | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-Executive 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 | Purchase of new shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information |
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e) | Date of the transaction | 22 March 2021 | ||||
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 | Non-Executive 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 | Purchase of new shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information |
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e) | Date of the transaction | 22 March 2021 | ||||
f) | Place of the transaction | N/A | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Aidan Hughes | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-Executive 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 | Purchase of new shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information |
| ||||
e) | Date of the transaction | 22 March 2021 | ||||
f) | Place of the transaction | N/A | ||||
- Ends -
For further information, please contact:
Ceres Power Holdings plc Patrick Yau/ Elizabeth Skerritt |
| Tel: +44 (0)7884 654 179/ +44 (0)7932 023 283 |
Investec Bank PLC (NOMAD & Joint Broker) Jeremy Ellis / Patrick Robb / Ben Griffiths |
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Tel: +44 (0)207 597 5970 |
Berenberg (Joint Broker) Ben Wright / Mark Whitmore |
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Tel: +44 (0)203 207 7800 |
Madano (Financial PR) Michael Evans / Hoda Awad |
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Tel: +44 (0) 20 7593 4000 |
About Ceres Power
Ceres is a world-leading developer of solid oxide electrochemical technology for applications in fuel cells and hydrogen that enables its partners to deliver clean energy at scale and speed. Its asset-light, licensing model has seen it embed its technology in some of the world's most progressive companies - such as Weichai in China, Bosch in Germany, Miura in Japan, and Doosan in South Korea - to develop systems and products that address climate change and air quality challenges for power generation, transportation and industrial applications. Ceres is listed on the AIM market of the London Stock Exchange ("LSE") (AIM: CWR.L) and was awarded the Green Economy Mark by the LSE, which recognises listed companies that derive more than 50% of their revenues from the green economy.