Ceres Power Holdings plc Grant of Share Options under the Sharesave Scheme (9660S)
March 23 2016 - 3:01AM
UK Regulatory
TIDMCWR
RNS Number : 9660S
Ceres Power Holdings plc
23 March 2016
23 March 2016
Ceres Power Holdings plc
("Ceres", the "Company")
Grant of Share Options under the Sharesave Scheme
Ceres announces the grant of options on 22 March 2016 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.
Options to purchase a total of 6,156,652 ordinary shares of 1
pence of the Company ("Ordinary Shares") have been granted. These
options will be exercisable between 1 May 2019 and 31 October 2019
at an exercise price of 4.32p per share.
Included in the above are grants to Phil Caldwell, Richard
Preston and Dr Mark Selby, the Company's Executive Directors (the
"Executive Directors"), each of whom has been granted an option to
purchase 208,333 Ordinary Shares. Following this grant the
Executive Directors now hold options over 16,351,645, 4,973,774 and
3,898,774 Ordinary Shares respectively.
Ceres Power Holdings plc Tel: +44 (0)1403 273 463
Phil Caldwell, CEO
Richard Preston, CFO
Zeus Capital (Nominated Adviser and Broker) Tel: +44 (0) 20 3829 5000
Phil Walker / Andrew Jones
Tavistock 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 leader in
low cost, next generation fuel cell technology for use in
distributed power products that reduce operating costs, lower CO2,
SOx and NOx emissions, increase efficiency and improve energy
security. The Ceres unique patented Steel Cell technology generates
power from widely available fuels at high efficiency and is
manufactured using standard processing equipment 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
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