t
| Date | 24 Mar 2022 |
| Time | 07:00:07 |
| Category | Capital structure |
| ID | 8312F |
24 March 2022
Ceres Power Holdings plc
("Ceres Power" or the "Company")
GRANT OF LONG-TERM INCENTIVE PLAN ("LTIP") AWARDS
AND TOTAL VOTING RIGHTS
Ceres Power Holdings plc (AIM: CWR) announces that yesterday, 23 March 2022, LTIP share options were awarded to Executive Directors and PDMRs of the Company, as well as other key employees.
Awards to PDMRs are as follows:
Philip Caldwell (Chief Executive Officer) 126,080; Eric Lakin (Chief Financial Officer) 118,880; Caroline Hargrove (Chief Technology Officer) 68,080; Anthony Cochrane (Chief Commercial Officer) 64,840; Deborah Grimason (General Counsel & Company Secretary) 64,840; Mark Garrett (Chief Operating Officer) 45,390; Geraint Castleton-White (Chief Programmes Officer) 18,370; Clarissa de Jager (Chief of Intellectual Property) 17,290; Michelle Traynor (People Director) 17,020.
These LTIP share options are in respect of the Company's ordinary shares of 10 pence each and have a nominal value exercise price. Vesting of the options is conditional upon achieving 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.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Total Voting Rights
Ceres Power confirms that as at 23 March 2022, the Company had 190,729,638 Ordinary Shares in issue, with one voting right each. The Company does not hold any shares in treasury. The number of Ordinary Shares with voting rights is therefore 190,729,638.
Accordingly, these figures may be used by shareholders as a denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company, under the Disclosure and Transparency Rules.
For further information please visit www.ceres.tech or contact:
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Ceres Power Holdings plc Elizabeth Skerritt |
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Tel: +44 (0)1403 273 463 |
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Investec Bank PLC (NOMAD & Joint Broker) Jeremy Ellis / Patrick Robb |
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Tel: +44 (0)207 597 5970 |
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Berenberg (Joint Broker) Ben Wright / Mark Whitmore |
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Tel: +44 (0) 203 207 7800 |
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FTI Consulting (Financial PR) Dwight Burden
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Tel: +44 (0)203 727 1000 Email: [email protected]
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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 AIM market of the London Stock Exchange ("LSE") (AIM: 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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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Philip Caldwell |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive Officer, Director |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Ceres Power Holdings plc |
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b) |
LEI |
213800N7AAHSXQUOA733 |
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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 |
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a) |
Description of the financial instrument, type of instrument Identification code |
Nominal value options over 10p ordinary shares ISIN GB00BG5KQW09 |
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b) |
Nature of the transaction |
Grant of Long Term Incentive Plan Awards |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information |
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e) |
Date of the transaction |
23 March 2022 |
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f) |
Place of the transaction |
N/A |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Eric Lakin |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Financial Officer, Director |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Ceres Power Holdings plc |
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b) |
LEI |
213800N7AAHSXQUOA733 |
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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 instrument Identification code |
Nominal value options over 10p ordinary shares ISIN GB00BG5KQW09 |
||||
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b) |
Nature of the transaction |
Grant of Long Term Incentive Plan Awards |
||||
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information |
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e) |
Date of the transaction |
23 March 2022 |
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f) |
Place of the transaction |
N/A |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Caroline Hargrove |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Technology Officer, PDMR |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Ceres Power Holdings plc |
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b) |
LEI |
213800N7AAHSXQUOA733 |
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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 instrument Identification code |
Nominal value options over 10p ordinary shares ISIN GB00BG5KQW09 |
||||
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b) |
Nature of the transaction |
Grant of Long Term Incentive Plan Awards |
||||
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information |
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e) |
Date of the transaction |
23 March 2022 |
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f) |
Place of the transaction |
N/A |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Anthony Cochrane |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Commercial Officer, PDMR |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Ceres Power Holdings plc |
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b) |
LEI |
213800N7AAHSXQUOA733 |
||||
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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 instrument Identification code |
Nominal value options over 10p ordinary shares ISIN GB00BG5KQW09 |
||||
|
b) |
Nature of the transaction |
Grant of Long Term Incentive Plan Awards |
||||
|
c) |
Price(s) and volume(s) |
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||||
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d) |
Aggregated information |
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e) |
Date of the transaction |
23 March 2022 |
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f) |
Place of the transaction |
N/A |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Deborah Grimason |
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2 |
Reason for the notification |
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a) |
Position/status |
General Counsel and Company Secretary, PDMR |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Ceres Power Holdings plc |
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b) |
LEI |
213800N7AAHSXQUOA733 |
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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 instrument Identification code |
Nominal value options over 10p ordinary shares ISIN GB00BG5KQW09 |
||||
|
b) |
Nature of the transaction |
Grant of Long Term Incentive Plan Awards |
||||
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information |
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e) |
Date of the transaction |
23 March 2022 |
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f) |
Place of the transaction |
N/A |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Mark Garrett |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Operating Officer, PDMR |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
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a) |
Name |
Ceres Power Holdings plc |
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b) |
LEI |
213800N7AAHSXQUOA733 |
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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 instrument Identification code |
Nominal value options over 10p ordinary shares ISIN GB00BG5KQW09 |
||||
|
b) |
Nature of the transaction |
Grant of Long Term Incentive Plan Awards |
||||
|
c) |
Price(s) and volume(s) |
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||||
|
d) |
Aggregated information |
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e) |
Date of the transaction |
23 March 2022 |
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f) |
Place of the transaction |
N/A |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Geraint Castleton-White |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Programme Officer, PDMR |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
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a) |
Name |
Ceres Power Holdings plc |
||||
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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 instrument Identification code |
Nominal value options over 10p ordinary shares ISIN GB00BG5KQW09 |
||||
|
b) |
Nature of the transaction |
Grant of Long Term Incentive Plan Awards |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information |
|
||||
|
e) |
Date of the transaction |
23 March 2022 |
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f) |
Place of the transaction |
N/A |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Clarissa de Jager |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief of Intellectual Property, PDMR |
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b) |
Initial notification/Amendment |
Initial Notification |
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|
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 instrument Identification code |
Nominal value options over 10p ordinary shares ISIN GB00BG5KQW09 |
||||
|
b) |
Nature of the transaction |
Grant of Long Term Incentive Plan Awards |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information |
|
||||
|
e) |
Date of the transaction |
23 March 2022 |
||||
|
f) |
Place of the transaction |
N/A |
||||
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
Michelle Traynor |
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2 |
Reason for the notification |
|||||
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a) |
Position/status |
People Director, PDMR |
||||
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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 instrument Identification code |
Nominal value options over 10p ordinary shares ISIN GB00BG5KQW09 |
||||
|
b) |
Nature of the transaction |
Grant of Long Term Incentive Plan Awards |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information |
|
||||
|
e) |
Date of the transaction |
23 March 2022 |
||||
|
f) |
Place of the transaction |
N/A |
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