CWR Ceres Power Holdings Plc

TIDMCWR

RNS Number : 7549V

Ceres Power Holdings plc

30 October 2014

30 October 2014

Ceres Power Holdings Plc

("Ceres Power" or the "Company")

Directorate Change

Ceres Power Holdings plc, a world leading developer of low cost, next generation fuel cell technology, is pleased to announce the appointment of Dr Mark Selby to the Board of the Company as Chief Technology Officer with immediate effect.

Dr Selby joined Ceres Power in 2006 and was appointed as Director of Technology in 2013. He is responsible for leading all aspects of the development and delivery of the Steel Cell technology. Prior to joining Ceres Power, he held several senior roles at Ricardo UK Limited. Dr Selby has degrees in Electronics, Dynamics and Control Systems awarded by the University of Leeds.

Phil Caldwell, Chief Executive of Ceres Power, said:

"I am delighted that Mark is joining the Board, this is a reflection of his significant contribution to the excellent technical and commercial progress which the Company has made in the last year."

Further information:

In accordance with Schedule Two (g) and Rule 17 of the AIM Rules for Companies, the following information in relation to the appointment of Dr Selby is disclosed:

Mark Albert Selby, aged 37, is or has been a director of the following companies during the previous five years:

Current:

Ceres Power Limited

Ceres Intellectual Property Company Limited

Past five years:

Nil

Dr Selby is interested in 25,325 ordinary shares of the Company representing approximately 0.003% of the Company's issued share capital. In addition, Dr Selby holds a total of 3,603,312 shares under option as follows:

 
 Shares under option           Exercise price 
 1,600,000                     1p 
 360,000                       8.54p 
 1,500,000                     8.5p 
 143,312 (Sharesave options)   6.28p 
 

Other than the information provided above, there is no further information to be disclosed under Schedule Two (g) and Rule 17 of the AIM Rules for Companies.

Enquiries:

 
Ceres Power Holdings plc                    Tel. +44 (0)1403 273 463 
 Phil Caldwell, CEO 
 Richard Preston, CFO 
N+1 Singer (Nominated Adviser and Broker)  Tel: +44 (0) 20 7496 3000 
 Andrew Craig / Ben Wright / Alex Wright 
Tavistock Communications                   Tel: +44 (0) 20 7920 3150 
 Mike Bartlett/James Collins 
 

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 CO(2) 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

Ends

This information is provided by RNS

The company news service from the London Stock Exchange

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