Source - RNS
RNS Number : 2513L
Ceres Power Holdings plc
29 September 2016
 

29 September 2016

 

Ceres Power Holdings Plc

("Ceres Power", "the Company" or "the Group")

 

GRANT OF LONG TERM INCENTIVE PLAN AWARDS

 

Ceres Power Holdings plc (AIM: CWR) announces that today, 29 September 2016, LTIP share options were awarded to Executive Directors and PDMRs of the Company as follows: 

 

Philip Caldwell (CEO) 6,507,000; Richard Preston (CFO) 1,302,000; Mark Selby (CTO) 1,245,000; James Falla (COO) 2,589,000; and Anthony Cochrane (CCO) 2,390,000.

 

These LTIP share options, of the Company's ordinary shares of 1 pence each, are nominal value options and only vest depending on achievement against 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. 

 

For further information please contact:

 

Ceres Power Holdings plc

Phil Caldwell, CEO

Richard Preston, CFO

Tel: +44 (0)1403 273 463

 

Zeus Capital Limited (Nominated Adviser and Broker)

Phil Walker/Andrew Jones

 

Tel: +44 (0) 20 3829 5000

 

Tavistock

Mike Bartlett/James Collins

 

Tel: +44 (0) 20 7920 3150

 

 

 

Notes to Editors:

 

About Ceres Power

Ceres Power (http://www.cerespower.com/) is a world leader in low cost, next generation fuel cell technology for use in distributed power products that reduce operating costs, lower CO2, SOx and NOx emissions, increase efficiency and improve energy security. The Ceres Power unique patented Steel Cell technology generates power from widely available fuels at high efficiency and is manufactured using standard processing equipment and conventional materials such as steel, meaning that it can be mass produced at an affordable price for domestic and business use.

 

Ceres Power offers its partners the opportunity to develop power systems and products using its unique Steel Cell technology and know-how, combined with the opportunity to supply the Steel Cell in volume through its manufacturing partners. 

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

Philip Caldwell

2

Reason for the notification


a)


Position/status

 

Chief Executive Officer, Director

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

N/A

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 transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Nominal value options over 1p ordinary shares

 

ISIN GB00B0351429

b)

Nature of the transaction

 

Grant of Long Term Incentive Plan Awards

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

N/A

6,507,000

d)

Aggregated information

 

Price(s)

Volume(s)

N/A

6,507,000

e)

Date of the transaction

 

29 September 2016

 

f)

Place of the transaction

 

 

N/A

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

Richard Preston

2

Reason for the notification


a)


Position/status

 

Chief Financial Officer, Director

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

N/A

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 transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Nominal value options over 1p ordinary shares

ISIN GB00B0351429

b)

Nature of the transaction

 

Grant of Long Term Incentive Plan Awards

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

N/A

1,302,000

d)

Aggregated information

 

Price(s)

Volume(s)

N/A

1,302,000

e)

Date of the transaction

 

29 September 2016

 

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

 

Chief Technical Officer, Director

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

N/A

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 transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Nominal value options over 1p ordinary shares

ISIN GB00B0351429

b)

Nature of the transaction

 

Grant of Long Term Incentive Plan Awards

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

N/A

1,245,000

d)

Aggregated information

 

Price(s)

Volume(s)

N/A

1,245,000

e)

Date of the transaction

 

29 September 2016

 

f)

Place of the transaction

 

 

N/A

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

 

James Falla

2

Reason for the notification


a)


Position/status

 

Chief Operating Officer, 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

N/A

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 transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Nominal value options over 1p ordinary shares

ISIN GB00B0351429

b)

Nature of the transaction

 

Grant of Long Term Incentive Plan Awards

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

N/A

2,589,000

d)

Aggregated information

 

Price(s)

Volume(s)

N/A

2,589,000

e)

Date of the transaction

 

29 September 2016

 

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

 

Chief Commercial Officer, 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

N/A

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 transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Nominal value options over 1p ordinary shares

ISIN GB00B0351429

b)

Nature of the transaction

 

Grant of Long Term Incentive Plan Awards

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

N/A

2,390,000

d)

Aggregated information

 

Price(s)

Volume(s)

N/A

2,390,000

e)

Date of the transaction

 

29 September 2016

 

f)

Place of the transaction

 

 

N/A

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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