Ceres Power Holdings plc Grant of Long Term Incentive Plan Awards (7499S)
October 05 2017 - 2:00AM
UK Regulatory
TIDMCWR
RNS Number : 7499S
Ceres Power Holdings plc
05 October 2017
5 October 2017
Ceres Power Holdings Plc
("Ceres Power", "the Company" or "the Group")
GRANT OF LONG TERM INCENTIVE PLAN AWARDS
Ceres Power Holdings plc (AIM: CWR) announces that today, 5
October 2017, LTIP share options were awarded to Executive
Directors and PDMRs of the Company as follows:
Philip Caldwell (CEO) 870,000; Richard Preston (CFO) 470,000;
Mark Selby (CTO) 470,000; James Falla (COO) 470,000; and Anthony
Cochrane (CCO) 470,000.
These LTIP share options, of the Company's ordinary shares of 1
pence each, are nominal value options and only vest depending on
achievement against certain challenging share price and commercial
targets over their three year performance period. A further two
year holding period in addition to the three year vesting period
applies to these awards.
For further information please contact:
Ceres Power Holdings plc Tel: +44 (0)1403
Dan Caesar 273 463
Zeus Capital Limited (Nominated Tel: +44 (0) 20 3829
Adviser and Broker) 5000
Giles Balleny /Andrew Jones/Hugh
Kingsmill Moore
Berenberg (Joint Broker)
Ben Wright / Mark Whitmore Tel: +44 (0) 203
/ Laure Fine 207 7800
Powerscourt Tel: +44 (0) 20 7250
Peter Ogden/Andy Jones 1446
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 Power 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.
Ceres Power offers its partners the opportunity to develop power
systems and products using its unique Steel Cell technology and
know-how, combined with the opportunity to supply the Steel Cell in
volume through its manufacturing partners.
1 Details of the person discharging managerial responsibilities/person closely associated
---- -----------------------------------------------------------------------------------------------
a) Name Philip Caldwell
---- --------------------------------------------- ------------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------------------------------
Chief Executive Officer, Director
a) Position/status
---- --------------------------------------------- ------------------------------------------------
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 Nominal value options over 1p
financial instrument, ordinary shares
type of instrument ISIN GB00B0351429
Identification code
---- --------------------------------------------- ------------------------------------------------
b) Nature of the transaction Grant of Long Term Incentive Plan
Awards
---- --------------------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
N/A 870,000
---------- ----------
---- --------------------------------------------- ------------------------------------------------
d) Aggregated information Price(s) Volume(s)
---------- ----------
N/A 870,000
---------- ----------
---- --------------------------------------------- ------------------------------------------------
e) Date of the transaction 5 October 2017
---- --------------------------------------------- ------------------------------------------------
f) Place of the transaction N/A
---- --------------------------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
---- -----------------------------------------------------------------------------------------------
a) Name Richard Preston
---- --------------------------------------------- ------------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------------------------------
Chief Financial Officer, Director
a) Position/status
---- --------------------------------------------- ------------------------------------------------
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 Nominal value options over 1p
financial instrument, ordinary shares
type of instrument ISIN GB00B0351429
Identification code
---- --------------------------------------------- ------------------------------------------------
b) Nature of the transaction Grant of Long Term Incentive Plan
Awards
---- --------------------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
N/A 470,000
---------- ----------
---- --------------------------------------------- ------------------------------------------------
d) Aggregated information Price(s) Volume(s)
---------- ----------
N/A 470,000
---------- ----------
---- --------------------------------------------- ------------------------------------------------
e) Date of the transaction 5 October 2017
---- --------------------------------------------- ------------------------------------------------
f) Place of the transaction N/A
---- --------------------------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
---- -----------------------------------------------------------------------------------------------
a) Name Mark Selby
---- --------------------------------------------- ------------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------------------------------
Chief Technical Officer, Director
a) Position/status
---- --------------------------------------------- ------------------------------------------------
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 Nominal value options over 1p
financial instrument, ordinary shares
type of instrument ISIN GB00B0351429
Identification code
---- --------------------------------------------- ------------------------------------------------
b) Nature of the transaction Grant of Long Term Incentive Plan
Awards
---- --------------------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
N/A 470,000
---------- ----------
---- --------------------------------------------- ------------------------------------------------
d) Aggregated information Price(s) Volume(s)
---------- ----------
N/A 470,000
---------- ----------
---- --------------------------------------------- ------------------------------------------------
e) Date of the transaction 5 October 2017
---- --------------------------------------------- ------------------------------------------------
f) Place of the transaction N/A
---- --------------------------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
---- -----------------------------------------------------------------------------------------------
a) Name James Falla
---- --------------------------------------------- ------------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------------------------------
Chief Operating Officer, PDMR
a) Position/status
---- --------------------------------------------- ------------------------------------------------
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 Nominal value options over 1p
financial instrument, ordinary shares
type of instrument ISIN GB00B0351429
Identification code
---- --------------------------------------------- ------------------------------------------------
b) Nature of the transaction Grant of Long Term Incentive Plan
Awards
---- --------------------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
N/A 470,000
---------- ----------
---- --------------------------------------------- ------------------------------------------------
d) Aggregated information Price(s) Volume(s)
---------- ----------
N/A 470,000
---------- ----------
---- --------------------------------------------- ------------------------------------------------
e) Date of the transaction 5 October 2017
---- --------------------------------------------- ------------------------------------------------
f) Place of the transaction N/A
---- --------------------------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
---- -----------------------------------------------------------------------------------------------
a) Name Anthony Cochrane
---- --------------------------------------------- ------------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------------------------------
Chief Commercial Officer, PDMR
a) Position/status
---- --------------------------------------------- ------------------------------------------------
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 N/A
---- --------------------------------------------- ------------------------------------------------
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 Nominal value options over 1p
financial instrument, ordinary shares
type of instrument ISIN GB00B0351429
Identification code
---- --------------------------------------------- ------------------------------------------------
b) Nature of the transaction Grant of Long Term Incentive Plan
Awards
---- --------------------------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
N/A 470,000
---------- ----------
---- --------------------------------------------- ------------------------------------------------
d) Aggregated information Price(s) Volume(s)
---------- ----------
N/A 470,000
---------- ----------
---- --------------------------------------------- ------------------------------------------------
e) Date of the transaction 5 October 2017
---- --------------------------------------------- ------------------------------------------------
f) Place of the transaction N/A
---- --------------------------------------------- ------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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