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Ceres Power Holdings - Director’s Dealing

RNS Number : 7129V
Ceres Power Holdings plc
11 August 2020
 

11 August 2020

Ceres Power Holdings plc (AIM:CWR)

Director's Dealing

 

Ceres Power Holdings plc (the "Company"), a global leader in fuel cell technology and engineering, announces that Steve Callaghan, Senior Independent Director, sold 200,000 shares on 10 August 2020 at an average sale price of 507.95p. He retains 139,919 shares in the Company. 

 

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 transaction, each PDMR retains a combined value of shareholdings and exercisable options significantly above these thresholds. 

 

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Stephen Callaghan

2

Reason for the notification

a)

Position/status

Non-Executive Director, Senior Independent Director

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ceres Power Holdings plc

b)

LEI

213800N7AAHSXQUOA733

4

Details 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 transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

10p ordinary shares                                                            

 

 

ISIN GB00BG5KQW09

b)

Nature of the transaction

Sale of shares

c)

Price(s) and volume(s) 

Sales price

Volume

507.95 pence

 200,000

 

d)

Aggregated information 

Sales price

Volume

507.95 pence

 200,000

 

e)

Date of the transaction

10 August 2020

f)

Place of the transaction 

N/A

 

- Ends -

 

For further information, please contact:

 

Ceres Power Holdings plc

Elizabeth Skerritt

 

Tel: +44 (0)1403 273 463

 

Investec Bank PLC (NOMAD & Joint Broker)

Jeremy Ellis / Patrick Robb

 

 

Tel: +44 (0)207 597 4000

 

Berenberg (Joint Broker)

Ben Wright / Mark Whitmore

 

 

Tel: +44 (0) 203 207 7800

 

Powerscourt

Peter Ogden / James White

 

 

Tel: +44 (0) 20 7250 1446

 

 

 

 

About Ceres Power

Ceres Power (http://www.cerespower.com/) is a world leader in low cost, next generation fuel cell technology for use in distributed power products that reduce operating costs, lower CO2, SOx and NOx emissions, increase efficiency and improve energy security. The Ceres Power unique patented SteelCell® technology generates power from widely available fuels such as natural gas and future fuels such as hydrogen enabling a transition from low to zero carbon power generation at high efficiency. The SteelCell® is manufactured using standard processing equipment and conventional materials such as steel, meaning that it can be mass produced at an affordable price. Ceres Power offers its partners the opportunity to develop power systems and products using its unique technology and know-how, as well as the opportunity to manufacture the SteelCell® in volume.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Ceres Power Holdings PLC

Price: 690

Market: LSE
Market Cap: £1.18 billion
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