RNS Number : 9996UCeres Power Holdings plc31 March 2023

31 March 2023

Ceres Power Holdings plc

("Ceres Power" or "the Company")

Notifications of transactions by Persons Discharging Managerial Responsibilities

(together 'PDMRs')

The Company was notified on 30 March 2023 that Phil Caldwell, Chief Executive Officer and a PDMR of the Company, exercised share options under the Ceres Power Holdings plc Long Term Incentive Plan and retained the shares. Details are set out below:

Name

Options exercised

Shares Sold

Exercise Price

Sale Price

Shareholding after transaction

Phil Caldwell

200,000

0

£3.463

N/A

267,673

The notification of dealing form can be found below.

This notification is made in accordance with the requirements of the UK Market Abuse Regulation.

Total Voting Rights

Ceres Power confirms that as at 31 March 2023, the Company had 192,535,338 Ordinary Shares in issue, with one voting right each.

The Company does not hold any shares in treasury.  The number of Ordinary Shares with voting rights is therefore 192,535,338.

Accordingly, these figures may be used by shareholders as a denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company, under the Disclosure and Transparency Rules.

Notification of dealing form

1

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Phil 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 Long Term Incentive Plan

c)

Price(s) and volume (s)

Price(s)

Volume(s)

£3.463

200,000

d)

Aggregated information

-Aggregated volume

-Price

Aggregate Price

Aggregate Volume

Aggregate Total

£3.463

200,000

£692,600

e)

Date of the transaction

30 March 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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