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Last checked at 
20 Dec 2012 13:42
20 December 2012
For immediate release
Ceres Power Holdings plc
("Ceres", "Ceres Power" or "the Company")
Grant of Share Options
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").
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.
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.
Enquiries:
Ceres Power Holdings plc Tel. +44 (0) 20 7444 0064
Alan Aubrey, Chairman
Investec Bank plc Tel. +44 (0)20 7597 4000
Chris Sim/James Ireland
Kreab Gavin Anderson & Company Tel. +44 (0)20 7074 1800
Ken Cronin
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