14 Jul 2014 15:47
14 July 2014
Ceres Power Holdings plc ("Ceres" or the "Company")
Grant of Share Options
The Company today announces that, as part of a wider Company incentive scheme, Phil Caldwell, Chief Executive Officer, and Richard Preston, Finance Director, have been granted share options to subscribe for 4,000,000 and 1,500,000 of the Company's ordinary shares of 1 pence each ("Ordinary Shares"). These share options were granted on 11 July 2014 with an exercise price of 8.5 pence per share, and may be exercised following the third anniversary of the date of their grant.
Enquiries:
Ceres Power Holdings plc Phil Caldwell, Chief Executive Officer Richard Preston, Finance Director
| Tel. +44 (0)1403 273 463 |
N+1 Singer (Nominated Adviser and Broker) Andrew Craig / Ben Wright / Alex Wright
| Tel: +44 (0)20 7496 3000 |
Tavistock Communications Mike Bartlett / James Collins | Tel: +44 (0) 20 7920 3150 |
Notes to editors:
Ceres Power (www.cerespower.com) is a world leading developer of low cost, next generation fuel cell technology for use in decentralised energy products that reduce operating costs, lower CO2 emissions, increase efficiency and improve energy security. The Ceres unique patented Steel Cell technology operates on mains natural gas and is manufactured using standard manufacturing processes and conventional materials such as steel, meaning that it can be mass produced at an affordable price for domestic and business use.
www.cerespower.com
Ceres Power (CWR)