Notifications of transactions by PDMRs

Source: RNS
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,

type of instrument Identification code

Ordinary Shares of 10 pence each

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

-Aggregated volume

-Price

Aggregate Price

Aggregate Volume

Aggregate Total

180.6626p

282,077

£509,607.64

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,

type of instrument Identification code

Ordinary Shares of 10 pence each

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

-Aggregated volume

-Price

Aggregate Price

Aggregate Volume

Aggregate Total

85p

98,347

£83,594.95

e)

Date of the transaction

21 June 2024

f)

Place of the transaction

Outside of Trading Venue

 

For further information visit www.ceres.tech or contact:

Ceres Power Holdings plc

Marianne Millard, Deputy Company Secretary

 

Tel: +44 7752 470802

FTI Consulting (PR Adviser)

Dwight Burden

Tel: +44 (0)203 727 1000

Email: 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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