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 |
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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