Ceres Power Holdings plc Notifications of transactions by PDMRs (7184O)
October 04 2023 - 10:23AM
UK Regulatory
TIDMCWR
RNS Number : 7184O
Ceres Power Holdings plc
04 October 2023
4 October 2023
Ceres Power Holdings plc
("Ceres Power" or "the Company")
Notifications of transactions by Persons Discharging Managerial
Responsibilities
(together 'PDMRs')
The Company was notified on 3 October 2023 that Phil Caldwell,
CEO and a PDMR of the Company, exercised share options under the
Ceres Power Holdings plc 2004 Employees' Share Option Scheme and
retained all of the shares. Details are set out below:
Name Share Shares Total Option Share Shareholding
options purchased shares exercise purchase after transaction
exercised acquired price price
Phil Caldwell 11,859 81,746 93,605 85.4p 320.4p 365,888
----------- ----------- ---------- ---------- ---------- -------------------
As part of the exercise of share options by Phil Caldwell, he
acquired a total of 93,605 shares in the Company, of which 81,746
shares in the Company were received in return for 123,313 Employee
Shareholder Status (ESS) shares in the Company's subsidiary, Ceres
Power Intermediate Holdings Limited, which had been acquired as a
modification to the unexercised 2004 Employees' Share Scheme
options in 2014 and 2015. He also exercised 11,859 ESS-linked
options in the Company. All of the shares acquired were
retained.
The notification of dealing form can be found below.
This notification is made in accordance with the requirements of
Article 19 of the UK Market Abuse Regulation.
Notification of dealing form
1 Details of the person discharging managerial responsibilities/ person closely associated
a) Name Phil Caldwell
----------------------------- ---------------------------------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------------------------------
a) Position/Status PDMR - CEO
----------------------------- ---------------------------------------------------------------------------------
b) Initial Initial notification
notification/Amendment
----------------------------- ---------------------------------------------------------------------------------
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 transaction have been
conducted
----------------------------------------------------------------------------------------------------------------
a) Description of the financial Ordinary Shares of 10 pence each
instrument, ISIN: GB00BG5KQW09
type of instrument
Identification code
----------------------------- ---------------------------------------------------------------------------------
b) Nature of the transaction Exercise of Share Options under the Ceres Power Holdings plc 2004 Employees'
Share Option
Scheme and disposal of Employee Shareholder Status shares in Ceres Power
Intermediate Holdings
Limited
----------------------------- ---------------------------------------------------------------------------------
c) Price(s) and volume (s) Price(s) Volume(s)
----------------------------------------- --------------------------------------
85.4 pence 11,859
320.4 pence 81,746
----------------------------------------- --------------------------------------
d) Aggregated information Aggregate Price Aggregate Volume Aggregate Total
-Aggregated volume
-Price
----------------------------- ----------------------------
GBP2.906 93,605 GBP272,041.77
----------------------------- ------------------------------------------------------- ----------------------------
e) Date of the transaction 3 October 2023
---------------------------------------------------------------------------------
f) Place of the transaction N/A
----------------------------- ---------------------------------------------------------------------------------
For further information visit www.ceres.tech or contact:
Ceres Power Holdings plc Tel: +44 (0)7752 470802
Marianne Millard (Deputy Company
Secretary)
FTI Consulting (PR Adviser) Tel: +44 (0)203 727 1000
Dwight Burden Email: ceres_power@fticonsulting.com
About Ceres Power
Ceres is a world-leading developer of electrochemical
technologies: fuel cells for power generation, electrolysis for the
creation of green hydrogen and energy storage. Its asset-light,
licensing model has seen it establish partnerships with some of the
world's largest engineering and technology companies, such as
Weichai in China, Bosch in Germany, Miura in Japan, and Doosan in
Korea, to develop systems and products that address climate change
for power generation, transportation, industry, data centres and
everyday living. Ceres is listed on the London Stock Exchange
("LSE") (LSE: CWR) and is classified by the LSE Green Economy Mark,
which recognises listed companies that derive more than 50% of
their activity from the green economy.
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END
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