RNS Number : 5882YCeres Power Holdings plc05 May 2023

5 May 2023

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 May 2023 under the Ceres Power Holdings plc Long Term Incentive Plan (the "Plan") to the following Persons Discharging Managerial Responsibilities ("PDMRs"):

Name

Position

No. share options granted

Philip Caldwell

CEO

227273

Eric Lakin

Chief Financial Officer

142857

Anthony Cochrane

Chief Commercial Officer

116883

Caroline Hargrove

Chief Technology Officer

81818

Mark Garrett

Chief Operating Officer

81818

Deborah Grimason

General Counsel and Company Secretary

77922

Clarissa de Jager

Chief of IP

31169

Michelle Traynor

People Director

30682

Mark Selby

Chief Innovation Officer

28052

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

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

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

c)

Price(s) and volume (s)

Price(s)

Volume(s)

10p

227273

d)

Aggregated information

-Aggregated volume

-Price

Aggregate Price

Aggregate Volume

Aggregate Total

10p

227273

£22,727.27

e)

Date of the transaction

4 May 2023

f)

Place of the transaction

N/A

1

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Eric Lakin

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

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

c)

Price(s) and volume (s)

Price(s)

Volume(s)

10p

142857

d)

Aggregated information

-Aggregated volume

-Price

Aggregate Price

Aggregate Volume

Aggregate Total

10p

142857

£14,285.71

e)

Date of the transaction

4 May 2023

f)

Place of the transaction

N/A

1

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Anthony Cochrane

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

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

c)

Price(s) and volume (s)

Price(s)

Volume(s)

10p

116883

d)

Aggregated information

-Aggregated volume

-Price

Aggregate Price

Aggregate Volume

Aggregate Total

10p

116883

£11,688.31

e)

Date of the transaction

4 May 2023

f)

Place of the transaction

N/A

1

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Caroline Hargrove

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

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

c)

Price(s) and volume (s)

Price(s)

Volume(s)

10p

81818

d)

Aggregated information

-Aggregated volume

-Price

Aggregate Price

Aggregate Volume

Aggregate Total

10p

81818

£8,181.82

e)

Date of the transaction

4 May 2023

f)

Place of the transaction

N/A

1

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Mark Garrett

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

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

c)

Price(s) and volume (s)

Price(s)

Volume(s)

10p

81818

d)

Aggregated information

-Aggregated volume

-Price

Aggregate Price

Aggregate Volume

Aggregate Total

10p

81818

£8,181.82

e)

Date of the transaction

4 May 2023

f)

Place of the transaction

N/A

1

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Deborah Grimason

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

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

c)

Price(s) and volume (s)

Price(s)

Volume(s)

10p

77922

d)

Aggregated information

-Aggregated volume

-Price

Aggregate Price

Aggregate Volume

Aggregate Total

10p

77922

£7,792.21

e)

Date of the transaction

4 May 2023

f)

Place of the transaction

N/A

1

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Clarissa de Jager

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

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

c)

Price(s) and volume (s)

Price(s)

Volume(s)

10p

31169

d)

Aggregated information

-Aggregated volume

-Price

Aggregate Price

Aggregate Volume

Aggregate Total

10p

31169

£3,116.88

e)

Date of the transaction

4 May 2023

f)

Place of the transaction

N/A

1

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Michelle Traynor

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

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

c)

Price(s) and volume (s)

Price(s)

Volume(s)

10p

30682

d)

Aggregated information

-Aggregated volume

-Price

Aggregate Price

Aggregate Volume

Aggregate Total

10p

30682

£3,068.18

e)

Date of the transaction

4 May 2023

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

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

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

c)

Price(s) and volume (s)

Price(s)

Volume(s)

10p

28052

d)

Aggregated information

-Aggregated volume

-Price

Aggregate Price

Aggregate Volume

Aggregate Total

10p

28052

£2,805.19

e)

Date of the transaction

4 May 2023

f)

Place of the transaction

N/A

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

Ceres Power Holdings plc

Marianne Millard (Deputy Company Secretary)

Tel: +44 (0)7752 470802

Investec Bank PLC (NOMAD & Joint Broker)

James Rudd / 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 (PR Adviser)

Dwight Burden

Tel: +44 (0)203 727 1000

Email:[email protected]

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.

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