Ceres Power Holdings plc announced that its CEO, Philip Caldwell, exercised share options under the 2004 Employees' Share Option Scheme. The options, due to expire in July 2024, were for 380,424 shares at an exercise price of 85p. Caldwell sold 282,077 shares to cover tax and national insurance liabilities, retaining 98,347 shares. This transaction increased his total holding to 464,235 shares in the Company. The notification is in compliance with the UK Market Abuse Regulation.
The details of the transaction, including the nature of the transaction, price, volume, and date, were provided in the announcement. The aggregated total for the sale of shares to cover tax and national insurance liabilities amounted to £509,607.64, while the exercise of share options at 85p per share totaled £83,594.95. The transactions took place on 21 June 2024, with the sale occurring on the XLON trading venue and the exercise outside of a trading venue.
For further information, individuals can visit the company's website or contact Marianne Millard, Deputy Company Secretary, or FTI Consulting, the PR Adviser. Ceres Power Holdings plc is a technology company that designs and manufactures fuel cell technology.