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Last checked at 
20 Dec 2012 13:42
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20 December 2012
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For immediate release
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Ceres Power Holdings plc
("Ceres", "Ceres Power" or "the Company")
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Grant of Share Options
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The Company announces that on 18th December 2012, certain of the Non-Executive Directors of the Company were granted standalone share options over the Company's ordinary shares of 1 pence each ("Ordinary Shares").
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Mr Steve Callaghan, Non-Executive Director, was granted options to subscribe for 2,000,000 Ordinary Shares at an exercise price of 1 pence per share. Mr Callaghan exercised all of these share options on 18th December 2012 and accordingly Mr Callaghan now holds a total of 2,000,000 Ordinary Shares, representing approximately 0.48% of the Company's total issued share capital. Mr Steve Callaghan has agreed, subject to the customary exceptions, that he will not dispose of the Ordinary Shares acquired for a period of 12 months from 18th December 2012.
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Mr Mike Lloyd, Non-Executive Director, was granted options to subscribe for 750,000 Ordinary Shares at an exercise price of 1 pence per share. These share options may be exercised following the third anniversary of the date of their grant.
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Enquiries:
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Ceres Power Holdings plc Tel. +44 (0) 20 7444 0064
Alan Aubrey, Chairman
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Investec Bank plc Tel. +44 (0)20 7597 4000
Chris Sim/James Ireland
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Kreab Gavin Anderson & Company Tel. +44 (0)20 7074 1800
Ken Cronin
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