Ceres Power Holdings plc Grant of Share Options under the Sharesave Scheme (6272Y)
December 07 2017 - 02:01AM
UK Regulatory
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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