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Ceres Power Holdings plc announced the grant of Long Term Incentive Plan (LTIP) share options on 4 October 2024. These options, with a nominal value exercise price of 10 pence, were granted to PDMRs: Chief Financial Officer Stuart Paynter (160,709 options), Chief Product Officer Nick Lawrence (32,142 options), and Chief Commercial Officer Filip Smeets (80,928 options).
| Date | 7 Oct 2024 |
| Time | 14:12:06 |
| Category | Director/PDMR dealings |
| ID | 2228H |
7 October 2024
Ceres Power Holdings plc
("Ceres Power" or "the Company")
Grant of Long Term Incentive Plan ("LTIP") Awards
Ceres Power Holdings plc (the "Company") announces the grant of LTIP share options on 4 Oct 2024 under the Ceres Power Holdings plc Long Term Incentive Plan (the "Plan") to the below mentioned Persons Discharging Managerial Responsibilities ("PDMRs").
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 of dealing forms can be found below.
This notification is made in accordance with the requirements of the UK Market Abuse Regulation.
Notification of dealing form
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1 |
Details of the person discharging managerial responsibilities/ person closely associated |
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a) |
Name |
Stuart Paynter |
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2 |
Reason for the notification |
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a) |
Position/Status |
Chief Financial 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 transaction have been conducted |
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a) |
Description of the financial instrument, type of instrument Identification code |
Nominal value share options over Ordinary Shares of 10 pence each 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) |
Price(s) |
Volume(s) |
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10p |
160,709 |
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d) |
Aggregated information -Aggregated volume -Price |
Aggregate Price |
Aggregate Volume |
Aggregate Total |
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10p |
160,709 |
£16,070.90 |
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e) |
Date of the transaction |
4 October 2024 |
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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 |
Nick Lawrence |
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2 |
Reason for the notification |
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a) |
Position/Status |
Chief Product 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 transaction have been conducted |
||||
|
a) |
Description of the financial instrument, type of instrument Identification code |
Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09 |
|||
|
b) |
Nature of the transaction |
Grant of Long Term Incentive Plan Awards |
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c) |
Price(s) and volume (s) |
Price(s) |
Volume(s) |
||
|
10p |
32,142 |
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d) |
Aggregated information -Aggregated volume -Price |
Aggregate Price |
Aggregate Volume |
Aggregate Total |
|
|
10p |
32,142 |
£3,214.20 |
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e) |
Date of the transaction |
4 October 2024 |
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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 |
Filip Smeets |
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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 |
||||
|
a) |
Name |
Ceres Power Holdings plc |
|||
|
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 transaction have been conducted |
||||
|
a) |
Description of the financial instrument, type of instrument Identification code |
Nominal value share options over Ordinary Shares of 10 pence each ISIN: GB00BG5KQW09 |
|||
|
b) |
Nature of the transaction |
Grant of Long Term Incentive Plan Awards |
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c) |
Price(s) and volume (s) |
Price(s) |
Volume(s) |
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|
10p |
80,928 |
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d) |
Aggregated information -Aggregated volume -Price |
Aggregate Price |
Aggregate Volume |
Aggregate Total |
|
|
10p |
80,928 |
£8,092.80 |
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e) |
Date of the transaction |
4 October 2024 |
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f) |
Place of the transaction |
N/A |
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For further information visit www.ceres.tech or contact:
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Ceres Power Holdings plc Patrick Yau
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Tel: +44(0)7884 654 179 |
|
FTI Consulting (PR Adviser) Dwight Burden |
Tel: +44 (0)203 727 1000 |
About Ceres
Ceres is a leading developer of clean energy technology: electrolysis for the production of green hydrogen and fuel cells for power generation. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest companies, such as Bosch, Doosan, Delta, Denso, Shell, Thermax and Weichai. Ceres' solid oxide technology supports greater electrification of our energy systems and produces green hydrogen at high efficiencies as a route to decarbonise emissions-intensive industries such as steelmaking, ammonia and future fuels. 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. Read more on our website www.ceres.tech or follow us on LinkedIn.