REG - Ceres Power Holdings - Notifications of transactions by PDMRs

Ceres Power HoldingsAnnouncement

24/06/2024 07:00

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RNS Number : 4886T  Ceres Power Holdings plc  24 June 2024

24 June 2024

Ceres Power Holdings plc

("Ceres Power" or "the Company")

 

Notifications of transactions by Persons Discharging Managerial
Responsibilities

(together 'PDMRs')

 

The Company was notified on 21 June 2024 that Philip Caldwell, CEO and a PDMR
of the Company, exercised share options under the Ceres Power Holdings plc
2004 Employees' Share Option Scheme. These were ten-year options due to expire
in July 2024. Sufficient shares were sold to meet the income tax and national
insurance liabilities arising from the exercise. The net shares acquired have
been retained by Philip Caldwell which increases his total holding to 464,235
shares in the Company. Details are set out below:

 

 Name             Options exercised  Shares sold  Shares retained  Exercise price  Share Price  Shareholding after transaction
 Philip Caldwell  380,424            282,077      98,347           85p             180.6626p    464,235

 

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                                      Philip Caldwell
 2   Reason for the notification
 a)  Position/Status                           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 transaction have been conducted
 a)  Description of the financial instrument,  Ordinary Shares of 10 pence each

     type of instrument Identification code    ISIN: GB00BG5KQW09
 b)  Nature of the transaction                 Exercise of Share Options under the Ceres Power Holdings plc 2004 Employees'
                                               Share Option Scheme and sale of resulting shares
 c)  Price(s) and volume (s)                   Price(s)                                    Volume(s)
                                               180.6626p                                   282,077
 d)  Aggregated information                    Aggregate Price       Aggregate Volume                            Aggregate Total

     -Aggregated volume

     -Price
     180.6626p                                                                             282,077                                     £
                                                                                                                                       5
                                                                                                                                       0
                                                                                                                                       9
                                                                                                                                       ,
                                                                                                                                       6
                                                                                                                                       0
                                                                                                                                       7
                                                                                                                                       .
                                                                                                                                       6
                                                                                                                                       4
 e)  Date of the transaction                   21 June 2024
 f)  Place of the transaction                  XLON

 

 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,  Ordinary Shares of 10 pence each

     type of instrument Identification code    ISIN: GB00BG5KQW09
 b)  Nature of the transaction                 Exercise of Share Options under the Ceres Power Holdings plc 2004 Employees'
                                               Share Option Scheme
 c)  Price(s) and volume (s)                   Price(s)                                    Volume(s)
                                               85p                                         98,347
 d)  Aggregated information                    Aggregate Price       Aggregate Volume                            Aggregate Total

     -Aggregated volume

     -Price
     85p                                                                                   98,347                                      £
                                                                                                                                       8
                                                                                                                                       3
                                                                                                                                       ,
                                                                                                                                       5
                                                                                                                                       9
                                                                                                                                       4
                                                                                                                                       .
                                                                                                                                       9
                                                                                                                                       5
 e)  Date of the transaction                   21 June 2024
 f)  Place of the transaction                  Outside of Trading Venue

 

For further information visit www.ceres.tech (http://www.ceres.tech) or
contact:

 Ceres Power Holdings plc                     Tel: +44 7752 470802

 Marianne Millard, Deputy Company Secretary

 FTI Consulting (PR Adviser)                  Tel: +44 (0)203 727 1000

 Dwight Burden                                Email: ceres_power@fticonsulting.com (mailto:Ceres_power@fticonsulting.com)

 

About Ceres Power

Ceres is a leading developer of clean energy technology; electrolysis for the
creation 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, Shell and Weichai.
Ceres' solid oxide platform 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.

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