Grant of Long Term Incentive Plan Awards
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Ceres Power Holdings plc (the "Company") announces the grant of LTIP share options on 4 Oct 2024 under the Ceres Power Holdings plc Long Term Incentive Plan (the "Plan") to the below mentioned Persons Discharging Managerial Responsibilities ("PDMRs").
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.
Notification of dealing form
| 1 | Details of the person discharging managerial responsibilities/ person closely associated | |||
| a) | Name | Stuart Paynter | ||
| 2 | Reason for the notification | |||
| a) | Position/Status | Chief Financial Officer / PDMR | ||
| b) | Initial notification/Amendment | Initial notification | ||
| a) | Name | Ceres Power Holdings plc | ||
| b) | LEI | 213800N7AAHSXQUOA733 | ||
| 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 | 160,709 | |||
| d) | Aggregated information -Aggregated volume -Price | Aggregate Price | Aggregate Volume | Aggregate Total |
| 10p | 160,709 | £16,070.90 | ||
| e) | Date of the transaction | 4 October 2024 | ||
| f) | Place of the transaction | N/A | ||
| 1 | Details of the person discharging managerial responsibilities/ person closely associated | |||
| a) | Name | Nick Lawrence | ||
| 2 | Reason for the notification | |||
| a) | Position/Status | Chief Product Officer / PDMR | ||
| b) | Initial notification/Amendment | Initial notification | ||
| a) | Name | Ceres Power Holdings plc | ||
| b) | LEI | 213800N7AAHSXQUOA733 | ||
| 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 | 32,142 | |||
| d) | Aggregated information -Aggregated volume -Price | Aggregate Price | Aggregate Volume | Aggregate Total |
| 10p | 32,142 | £3,214.20 | ||
| e) | Date of the transaction | 4 October 2024 | ||
| f) | Place of the transaction | N/A | ||
| 1 | Details of the person discharging managerial responsibilities/ person closely associated | |||
| a) | Name | Filip Smeets | ||
| 2 | Reason for the notification | |||
| a) | Position/Status | Chief Commercial Officer / PDMR | ||
| b) | Initial notification/Amendment | Initial notification | ||
| a) | Name | Ceres Power Holdings plc | ||
| b) | LEI | 213800N7AAHSXQUOA733 | ||
| 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 | 80,928 | |||
| d) | Aggregated information -Aggregated volume -Price | Aggregate Price | Aggregate Volume | Aggregate Total |
| 10p | 80,928 | £8,092.80 | ||
| e) | Date of the transaction | 4 October 2024 | ||
| f) | Place of the transaction | N/A |
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