CWR Ceres Power Holdings Plc

TIDMCWR

RNS Number : 3717A

Ceres Power Holdings plc

19 December 2014

19 December 2014

Ceres Power Holdings PLC

("Ceres", the "Company")

Grant of Share Options under Sharesave Scheme

Ceres announces the grant of options on 19 December 2014 under the Ceres Power Sharesave Scheme (the "scheme"). The scheme is an 'all employee share scheme' which is available to all employees subject to qualifying conditions, which was approved by the HM Revenue & Customs and which was introduced to encourage wider employee share ownership of the Company.

A total of 2,222,197 options to purchase ordinary shares of 1 pence have been granted. These options will be exercisable between 1 February 2018 and 31 July 2018 at an exercise price of 5.44p per share.

Under the scheme, Richard Preston and Dr Mark Selby, two of the Company's Executive Directors, have each been granted 165,441 options to purchase ordinary shares of 1 pence each in the Company. As at 19 December 2014 they each hold a total of 4,765,441 and 3,625,441 share options in the Company.

Enquiries:

 
Ceres Power Holdings plc        Tel. +44 (0)1403 273 463 
 Phil Caldwell, CEO 
 Richard Preston, CFO 
N+1 Singer (Nominated Adviser  Tel: +44 (0) 20 7496 3000 
 and Broker) 
 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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