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.
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Horsham, UK: Ceres Power Holdings plc (CWR.L), a leading developer of clean energy technology, confirms the grant of LTIP share options on 17 April 2026 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 | Chief Executive Officer | 413,987 |
| Stuart Paynter | Chief Financial Officer | 231,833 |
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 | C h ief Executive Officer |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Ceres Power Holdings plc |
| b) | LEI | 213800N7AAHSXQUOA733 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 10 pence each |
| Identification code | ISIN: GB00BG5KQW09 | |
| b) | Nature of the transaction | Grant of Long-Term Incentive Plan Awards |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 0.10 | 413,987 | |
| d) | Aggregated information | |
| - Aggregated volume | 413,987 | |
| - Aggregated Price | £41,398.7 | |
| e) | Date of the transaction | 17 April 2026 |
| 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 | Chief Financial Officer |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Ceres Power Holdings plc |
| b) | LEI | 213800N7AAHSXQUOA733 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 10 pence each |
| Identification code | ISIN: GB00BG5KQW09 | |
| b) | Nature of the transaction | Grant of Long-Term Incentive Plan Awards |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| £0.10 | 231,833 | |
| d) | Aggregated information | |
| - Aggregated volume | 231,833 | |
| - Aggregated Price | £23,183.3 | |
| e) | Date of the transaction | 17 April 2026 |
| f) | Place of the transaction | N/A |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.