Business
PDMRs' dealings, Total Voting Rights
PDMRs' dealings, Total Voting Rights.
About this update from Ceres Power Holdings Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7122U\n Ceres Power Holdings plc\n 07 April 2021\n \n \n \n 7 April 2021\n Ceres Power Holdings plc (AIM: CWR)\n (\"Ceres Power\" or the \"Company\")\n \n PDMRs' dealings, Total Voting Rights\n Ceres Power Holdings plc (the \"Company\"), a global leader in fuel cell and electrochemical technology, announces the following share transactions carried out by a Director and persons discharging managerial responsibilities (PDMRs) on 6 April 2021.\n \n Richard Preston (Chief Financial Officer) exercised share options under the Ceres Power Sharesave Scheme and retained the shares and Tony Cochrane (Chief Commercial Officer) and Mark Selby (Chief Technology Officer), members of the executive management team, each exercised options and sold the resulting shares. \n \n \n \n \n \n \n Options exercised\n \n \n Shares sold\n \n \n Weighted average exercise price\n \n \n Sale price\n \n \n Options remaining after exercise\n \n \n Current shareholding\n \n \n \n \n Richard Preston\n \n \n 8,490\n \n \n 0\n \n \n 106.00p\n \n \n n/a\n \n \n 537,795\n \n \n 68,131\n \n \n \n \n Tony Cochrane\n \n \n 100,000\n \n \n 100,000\n \n \n 10.0p\n \n \n 1253.13p\n \n \n 615,175\n \n \n -\n \n \n \n \n Mark Selby\n \n \n 16,798\n \n \n 16,798\n \n \n 85.4p\n \n \n 1253.13p\n \n \n 388,205\n \n \n 39,909\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n As part of the exercise of some options by Mark Selby, he sold 18,000 Employee Shareholder Status (ESS) shares in the Company's subsidiary, Ceres Power Intermediate Holdings Ltd, which were granted as a modification to the unexercised 2004 Employees' Share Scheme options in 2013.\n The Company remuneration policy on PDMR shareholding is that the CEO should hold a minimum of 150% of salary in shares and exercisable share options, and all other Directors and PDMRs a minimum of 100% of salary. This policy helps to ensure that the interests of the investors remain aligned with those of Directors and management. Following the above transactions, the PDMRs above each retain a combined value of shareholdings and exercisable options significantly above these thresholds.\n \n Total Voting Rights\n As at 7 April 2021, the Company's issued share comprised 186,021,467 ...