Last checked at 14 May 2019 07:00
14 May 2019
Ceres Power Holdings plc
("Ceres Power" or the "Company")
Directors' Dealings and Total Voting Rights
Ceres Power Holdings plc (AIM: CWR) announces that on the 13 May 2019, the following Persons Discharging Managerial Responsibilities ("PDMR") exercised share options under the 2016 Ceres Power Holdings Plc Sharesave Plan ("Plan"), which has now matured, and retained the shares:
Phil Caldwell (CEO) 20,833; Richard Preston (CFO) 20,833; James Falla (COO) 41,666; and Mark Selby (CTO) 20,833.
The Plan options exercised by the PDMR were over 104,165 ordinary shares of 10p each in the Company ("Ordinary Shares") at an exercise price of 43.2p per share. The exercise price was set in accordance with the Plan and HMRC rules at the invitation date in 2016.
As a result of the options exercised, Mr Caldwell now holds 46,928 Ordinary Shares in the Company, Mr Preston holds 59,641 Ordinary Shares, Mr Falla 45,098 Ordinary Shares and Mr Selby 39,909 Ordinary Shares.
Total Voting Rights
Following the exercise of employee options over 265,243 Ordinary Shares, Ceres Power confirms that as at 14 May 2019, the Company had 152,769,812 Ordinary Shares in issue, with one voting right each. The Company does not hold any shares in treasury. The number of Ordinary Shares with voting rights is therefore 152,769,812.
Accordingly, these figures may be used by shareholders as a denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company, under the Disclosure and Transparency Rules.
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 | Philip Caldwell | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive 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 | 10p ordinary shares ISIN GB00BG5KQW09 | ||||
b) | Nature of the transaction | Exercise of Share Options under the Sharesave Scheme and purchase of shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information |
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e) | Date of the transaction | 13 May 2019 | ||||
f) | Place of the transaction | N/A | ||||
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 | 10p ordinary shares ISIN GB00BG5KQW09 | ||||
b) | Nature of the transaction | Exercise of Share Options under the Sharesave Scheme and purchase of shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information |
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e) | Date of the transaction | 13 May 2019 | ||||
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 | Chief Technology Officer | ||||
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 | Exercise of Share Options under the Sharesave Scheme and purchase of shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information |
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e) | Date of the transaction | 13 May 2019 | ||||
f) | Place of the transaction | N/A | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | James Falla | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Operating Officer | ||||
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 | Exercise of Share Options under the Sharesave Scheme and purchase of shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information |
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e) | Date of the transaction | 13 May 2019 | ||||
f) | Place of the transaction | N/A | ||||
- Ends -
For further information, please contact:
Ceres Power Holdings plc Phil Caldwell, CEO Richard Preston, CFO |
| Tel: +44 (0)1403 273 463 |
Investec Bank plc (Nominated Adviser and Broker) Jeremy Ellis / Patrick Robb / Richard Short |
|
Tel: +44 (0) 20 7597 4000 |
Berenberg (Joint Broker) Ben Wright / Mark Whitmore |
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Tel: +44 (0) 20 3207 7800 |
Powerscourt Peter Ogden/James White/Niall Walsh
|
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Tel: +44 (0) 207 250 1446 |
Notes to Editors:
About Ceres Power
Ceres Power 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. Ceres Power's unique, patented SteelCell® 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 SteelCell® technology and know-how, combined with the opportunity to supply the SteelCell® in volume through its manufacturing partners. For further information please visit: http://www.cerespower.com/