TIDMCWR

RNS Number : 6272Y

Ceres Power Holdings plc

07 December 2017

7 December 2017

This announcement contains inside information

Ceres Power Holdings plc

("Ceres Power" or the "Company")

Grant of Share Options under the Sharesave Scheme

Ceres Power Holdings plc (AIM: CWR) announces the grant of options on 6 December 2017 under the Ceres Power Sharesave Scheme (the "Scheme"). The Scheme is an 'all employee share scheme' which is available annually 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 2,265,603 ordinary shares of 1 pence of the Company ("Ordinary Shares") have been granted. These options will be exercisable between 1 February 2021 and 31 July 2021 at an exercise price of 10.6p per share.

Included in the above is a grant to Richard Preston, the Company's Chief Financial Officer, who has been granted an option to purchase 84,905 Ordinary Shares. Following this grant, Richard Preston now holds options over 6,830,679 Ordinary Shares.

The notification 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                                                          Richard Preston 
---  ------------------------------------------------------------  --------------------------------------------------- 
 2     Reason for the notification 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)    Position/status                                               Chief Financial Officer, Director 
---  ------------------------------------------------------------  --------------------------------------------------- 
 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 instrument, type of              Sharesave options over 1p ordinary shares 
       instrument                                                     ISIN GB00B0351429 
       Identification code 
---  ------------------------------------------------------------  --------------------------------------------------- 
 b)    Nature of the transaction                                     Grant of Share Options under the Sharesave Scheme 
---  ------------------------------------------------------------  --------------------------------------------------- 
 c)    Price(s) and volume(s)                                          Price(s)       Volume(s) 
                                                                        10.6 pence     84,905 
---  ------------------------------------------------------------  --------------------------------------------------- 
 d)    Aggregated information                                          Price(s)       Volume(s) 
                                                                        10.6 pence     84,905 
---  ------------------------------------------------------------  --------------------------------------------------- 
 e)    Date of the transaction                                       6 December 2017 
---  ------------------------------------------------------------  --------------------------------------------------- 
 f)    Place of the transaction                                      N/A 
---  ------------------------------------------------------------  --------------------------------------------------- 
 
 
 
 Ceres Power Holdings                        Tel: +44 (0)1403 
  plc                                                 273 463 
  Dan Caesar 
 
   Zeus Capital (Nominated                    Tel: +44 (0) 20 
   Adviser and Broker)                              3829 5000 
   Giles Balleny /Andrew 
   Jones/Hugh Kingsmill 
   Moore 
 
  Berenberg (Joint Broker)                   Tel: +44 (0) 203 
  Ben Wright / Mark Whitmore                         207 7800 
  / Laure Fine 
 
   Powerscourt                                Tel: +44 (0) 20 
   Peter Ogden/Andy Jones                           7250 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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

December 07, 2017 02:01 ET (07:01 GMT)

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