Business
Grant of Long Term Incentive Plan (“LTIP”) Awards
Grant of Long Term Incentive Plan (“LTIP”) Awards.
About this update from Ceres Power Holdings Plc
[{"type":"text","content":"\n\nCWR.L\n27 June 2025\nCeres Power Holdings plc\n(\"Ceres Power\" or \"the Company\")\n \nGrant of Long Term Incentive Plan (\"LTIP\") Awards\n \nHorsham, 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\"):\n \n\n\n\n\nName\n\n\nPosition\n\n\nNo. share options granted\n\n\n\n\nPhilip Caldwell\n\n\nChief Executive Officer\n \n\n\n1,250,893\n\n\n\n\nStuart Paynter\n\n\nChief Financial Officer\n\n\n700,500\n\n\n\n\n \nThese 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.\nThe notification of dealing forms can be found below.\nThis notification is made in accordance with the requirements of the UK Market Abuse Regulation.\n \nNotification of dealing forms\n \n\n\n\n\n1\n\n\nDetails of the person discharging managerial responsibilities/ person closely associated\n\n\n\n\na)\n\n\nName\n\n\nPhilip Caldwell\n\n\n\n\n2\n\n\nReason for the notification\n\n\n\n\na)\n\n\nPosition/Status\n\n\nPDMR\n\n\n\n\nb)\n\n\nInitial notification/Amendment\n\n\nInitial notification\n\n\n\n\n3\n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\n\n\n\na)\n\n\nName\n\n\nCeres Power Holdings plc\n\n\n\n\nb)\n\n\nLEI\n\n\n213800N7AAHSXQUOA733\n\n\n\n\n4\n\n\nDetails 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\n\n\n\n\na)\n\n\nDescription of the financial instrument,\ntype of instrument Identification code\n\n\nNominal value share options over Ordinary Shares of 10 pence each\nISIN: GB00BG5KQW09\n\n\n\n\nb)\n\n\nNature of the transaction\n\n\nGrant of Long Term Incentive Plan Awards\n\n\n\n\nc)\n\n\nPrice(s) and volume (s)\n\n\nPrice(s)\n\n\nVo...