TIDMCWR

RNS Number : 5111C

Ceres Power Holdings plc

13 April 2017

13 April 2017

Ceres Power Holdings plc

("Ceres Power" or the "Company")

Dealing by Person Closely Associated with Person Discharging Managerial Responsibilities ("PDMR")

Ceres Power Holdings plc (AIM: CWR) announces that on the 10 April 2017, a person closely associated with James Falla, Chief Operating Officer, purchased 34,326 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 8.70p per share. This represents approximately 0.003 per cent of the issued ordinary share capital of the Company. As a result, the number of Ordinary Shares over which Mr Falla has a holding is 34,326.

The notifications 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                                     Noraini Saad 
--------------------------------------  ---------------------------------------  ----------------------------------- 
                   2                      Reason for the notification 
--------------------------------------  ---------------------------------------------------------------------------- 
                  a)                      Position/status                          Spouse of 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             1p ordinary shares 
                                          instrument, type of instrument            ISIN GB00B0351429 
                                          Identification code 
--------------------------------------  ---------------------------------------  ----------------------------------- 
                  b)                      Nature of the transaction                Share purchase 
--------------------------------------  ---------------------------------------  ----------------------------------- 
                  c)                      Price(s) and volume(s)                     Price(s)       Volume(s) 
                                                                                      8.70 pence     34,326 
--------------------------------------  ---------------------------------------  ----------------------------------- 
                  d)                      Aggregated information                     Price(s)       Volume(s) 
                                                                                      8.70 pence     34,326 
--------------------------------------  ---------------------------------------  ----------------------------------- 
                  e)                      Date of the transaction                  10 April 2017 
--------------------------------------  ---------------------------------------  ----------------------------------- 
                  f)                      Place of the transaction                 Outside a trading venue 
--------------------------------------  ---------------------------------------  ----------------------------------- 
For further information, please contact: 
 Ceres Power Holdings plc 
 Phil Caldwell, CEO 
 Richard Preston, CFO 
 Dan Caesar, Communications & Marketing Director                                   +44 (0)1403 273 463 
Zeus Capital (Nominated Adviser and Broker) 
 Phil Walker/Andrew Jones 
 Hugh Kingsmill Moore                                                            +44 (0) 20 3829 5000 
Powerscourt 
 Peter Ogden/Andy Jones                                                          +44 (0) 20 7250 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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April 13, 2017 12:34 ET (16:34 GMT)

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