TIDMCWR

RNS Number : 4861Z

Ceres Power Holdings plc

15 March 2017

15 March 2017

This announcement contains inside information

Ceres Power Holdings plc

("Ceres Power" or the "Company")

Director's Dealing

Ceres Power Holdings plc (AIM: CWR) announces that on the 14 March 2017, Phil Caldwell, Chief Executive Officer, exercised options under the Ceres Power Sharesave Scheme, in relation to 143,312 ordinary shares of 1p each in the Company ("Ordinary Shares") at an exercise price of 6.28p per share, increasing his shareholding to 260,958 Ordinary Shares, representing approximately 0.03 per cent of the issued ordinary share capital of the Company. As a result, Mr Caldwell now holds options over 22,851,696 Ordinary Shares.

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          1p ordinary shares 
       instrument                                                 ISIN GB00B0351429 
       Identification code 
---  --------------------------------------------------------  ------------------------------------------------------- 
 b)    Nature of the transaction                                 Exercise of Share Options under the Sharesave Scheme 
                                                                 and purchase of shares 
---  --------------------------------------------------------  ------------------------------------------------------- 
 c)    Price(s) and volume(s)                                      Price(s)       Volume(s) 
                                                                    6.28 pence     143,312 
---  --------------------------------------------------------  ------------------------------------------------------- 
 d)    Aggregated information                                      Price(s)       Volume(s) 
                                                                    6.28 pence     143,312 
---  --------------------------------------------------------  ------------------------------------------------------- 
 e)    Date of the transaction                                   14 March 2017 
---  --------------------------------------------------------  ------------------------------------------------------- 
 f)    Place of the transaction                                  N/A 
---  --------------------------------------------------------  ------------------------------------------------------- 
 
 
 Ceres Power 
  Holdings plc 
  Phil Caldwell, 
  CEO 
  Richard Preston, 
  CFO 
  Dan Caesar, 
  Communications 
  & Marketing             +44 (0)1403 273 
  Director                 463 
 Zeus Capital 
 (Nominated 
 Adviser and 
 Broker) 
 Phil Walker/Andrew 
 Jones 
 Hugh Kingsmill           +44 (0) 20 3829 
 Moore                     5000 
 Powerscourt 
  Peter Ogden/Andy        +44 (0) 20 7250 
  Jones                    1446

Notes to Editors:

About Ceres Power

Ceres Power (http://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. Ceres Power's unique patented SteelCell 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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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