Business
LTIPs and Total Voting Rights
LTIPs and Total Voting Rights.
About this update from Ceres Power Holdings Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8312F\n Ceres Power Holdings plc\n 24 March 2022\n \n \n \n \n 24 March 2022\n \n \n Ceres Power Holdings plc\n \n \n (\"Ceres Power\" or the \"Company\")\n \n \n \n \n \n GRANT OF LONG-TERM INCENTIVE PLAN (\"LTIP\") AWARDS\n \n \n AND TOTAL VOTING RIGHTS\n \n \n Ceres Power Holdings plc (AIM: CWR) announces that yesterday, 23 March 2022, LTIP share options were awarded to Executive Directors and PDMRs of the Company, as well as other key employees. \n \n \n Awards to PDMRs are as follows:\n \n \n Philip Caldwell (Chief Executive Officer) 126,080; Eric Lakin (Chief Financial Officer) 118,880; Caroline Hargrove (Chief Technology Officer) 68,080; Anthony Cochrane (Chief Commercial Officer) 64,840; Deborah Grimason (General Counsel & Company Secretary) 64,840; Mark Garrett (Chief Operating Officer) 45,390; Geraint Castleton-White (Chief Programmes Officer) 18,370; Clarissa de Jager (Chief of Intellectual Property) 17,290; Michelle Traynor (People Director) 17,020.\n \n \n 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. \n \n \n The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.\n \n \n \n \n \n Total Voting Rights\n \n \n \n \n \n Ceres Power confirms that as at 23 March 2022, the Company had 190,729,638 Ordinary Shares in issue, with one voting right each. The Company does not hold any shares in treasury. The number of Ordinary Shares with voting rights is therefore 190,729,638.\n \n \n \n \n \n Accordingly, these figures may be used by shareholders as a denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company, under the Disclosure and Transparency Rules.\n \n \n \n \n \n \n \n \n \n For further information please visit \n \n www.ceres.tech\n \n or contact:\n \n \n \n \n...