Grant of Long Term Incentive Plan (“LTIP”) Awards
LTIP share options granted to CEO and CFO with three-year vesting and two-year holding period.
Select text to share a quote on X · sign in to keep highlights & notes in your CWR notes
Horsham, UK: Ceres Power Holdings plc (CWR.L), a leading developer of clean energy technology, confirms the grant of LTIP share options on 26 June 2025 under the Ceres Power Holdings plc Long Term Incentive Plan 2025 (the "Plan") to the following Persons Discharging Managerial Responsibilities ("PDMRs"):
| Name | Position | No. share options granted |
|---|---|---|
| Philip Caldwell | Ch ief Executive Officer | 1,250,893 |
| S tuart Paynter | Chief Financial Officer | 700,500 |
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 commercial and share price 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 forms
| 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 | ||
| 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 | 1,250,893 | |||
| d) | Aggregated information -Aggregated volume -Price | Aggregate Price | Aggregate Volume | Aggregate Total |
| 10p | 1,250,893 | £125,089.30 | ||
| e) | Date of the transaction | 26 June 2025 | ||
| f) | Place of the transaction | N/A | ||
| 1 | Details of the person discharging managerial responsibilities/ person closely associated | |||
| a) | Name | Stuart Paynter | ||
| 2 | Reason for the notification | |||
| a) | Position/Status | 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 | 700,500 | |||
| d) | Aggregated information -Aggregated volume -Price | Aggregate Price | Aggregate Volume | Aggregate Total |
| 10p | 700,500 | £ 70,050.00 | ||
| e) | Date of the transaction | 26 June 2025 | ||
| f) | Place of the transaction | N/A |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.