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Ceres Power Holdings plc announced on 8 June 2022 that on 7 June 2022, CEO Phil Caldwell exercised 7,109 share options under the Sharesave Scheme at 126.60p and retained the shares. On the same date, Chief Innovation Officer Mark Selby exercised 14,218 share options at 126.60p and sold all resulting shares at 661.90p. As of 7 June 2022, the Company's total voting rights comprised 191,465,996 Ordinary Shares.
| Date | 8 Jun 2022 |
| Time | 07:00:04 |
| Category | Miscellaneous |
| ID | 0523O |
8 June 2022
Ceres Power Holdings plc (AIM: CWR)
("Ceres Power" or the "Company")
Exercise of options, PDMR dealing
Ceres Power Holdings plc (the "Company"), a global leader in fuel cell and electrochemical technology, announces the following share transactions carried out by certain Directors and persons discharging managerial responsibilities (PDMRs) on 7 June 2022.
Phil Caldwell (Chief Executive Officer) exercised share options under the Ceres Power Sharesave Scheme and retained the shares. Mark Selby (Chief Innovation Officer) exercised share options under the Ceres Power Sharesave Scheme and sold the resulting shares. Details of these exercises are set out in the table below:
|
|
Options exercised |
Shares sold |
Weighted average exercise price |
Sale price |
Options remaining after exercise |
Current shareholding |
|
Phil Caldwell |
7,109 |
0 |
126.60p |
|
1,568,277 |
67,673 |
|
Mark Selby |
14,218 |
14,218 |
126.60p |
661.90p |
373,987 |
39,909 |
Total Voting Rights
As at 7 June 2022, the Company's issued share comprised 191,465,996 Ordinary Shares, with one voting right per share. The Company does not hold any Ordinary Shares in treasury. The total number of Ordinary Shares and voting rights in the Company is therefore 191,465,996.
This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.
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 |
Phil Caldwell |
||||||
|
2 |
Reason for the notification |
|||||||
|
a) |
Position/status |
Chief Executive 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 instrument Identification code |
Nominal value options over 10p ordinary shares ISIN GB00BG5KQW09 |
||||||
|
b) |
Nature of the transaction |
Exercise of Share Options under the Ceres Power Sharesave Scheme |
||||||
|
c) |
Price(s) and volume(s) |
|
||||||
|
d) |
Aggregated information |
|
||||||
|
e) |
Date of the transaction |
7 June 2022 |
||||||
|
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 |
|||||||
|
a) |
Position/status |
Chief Innovation Officer, PDMR |
||||||
|
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 |
Exercise and sale of Share Options under the Ceres Power Sharesave Scheme |
||||||
|
c) |
Price(s) and volume(s) |
|
||||||
|
d) |
Aggregated information |
|
||||||
|
e) |
Date of the transaction |
7 June 2022 |
||||||
|
f) |
Place of the transaction |
N/A |
||||||
- Ends -
For further information, please contact:
|
Ceres Power Holdings plc Elizabeth Skerritt |
|
Tel: +44 (0)7932 023283 |
|
Investec Bank PLC (NOMAD & Joint Broker) Jeremy Ellis / Patrick Robb / Ben Griffiths |
|
Tel: +44 (0)207 597 5970 |
|
Berenberg (Joint Broker) Ben Wright / Mark Whitmore |
|
Tel: +44 (0)203 207 7800 |
|
FTI Consulting (Financial PR) Dwight Burden |
|
Tel:+44 (0)203 727 1000 Email: ceres_power@fticonsulting.com |
Notes to Editors:
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.