10:20 Fri 07 Feb 2020
Ceres Power Holdings - Exercise of Share Options, PDMR Dealing
Exercise of Share Options, PDMR Dealing
Members of the executive management team,
|
Options exercised and shares sold |
Weighted average exercise price |
Sale price |
Options remaining after exercise |
Current shareholding |
|
359,128 |
85.4p |
401.0p |
1,895,659 |
46,928 |
|
75,000 |
17.9p |
398.9p |
633,794 |
59,641 |
|
100,000 |
87.0p |
400.5p |
837,132 |
45,098 |
|
100,000 |
90.0p |
400.5p |
689,794 |
- |
|
100,000 |
34.7p |
400.5p |
488,924 |
39,909 |
|
|
|
|
|
|
|
200,000 |
n/a |
398.85p |
n/a |
339,919 |
The options were granted between
The Board, upon the recommendation of the Remuneration Committee, approved a window to trade thus enabling PDMRs to sell shares. It is intended that PDMRs are able to periodically trade at timely intervals without disrupting the market, such is common market practice.
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, each PDMR retains a combined value of shareholdings and exercisable options significantly above these thresholds.
As part of the exercise of some options by
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 |
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a) |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive Officer, Director |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
LEI |
213800N7AAHSXQUOA733 |
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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 |
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a) |
Description of the financial instrument, type of instrument Identification code |
10p ordinary shares
ISIN GB00BG5KQW09 |
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b) |
Nature of the transaction |
Exercise of Share Options under the |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
N/A |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Richard Preston |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Financial Officer, Director |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
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b) |
LEI |
213800N7AAHSXQUOA733 |
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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 |
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b) |
Nature of the transaction |
Exercise of Share Options under the |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
N/A |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
James Falla |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Operating Officer, PDMR |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
|
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b) |
LEI |
213800N7AAHSXQUOA733 |
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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 |
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b) |
Nature of the transaction |
Exercise of Share Options under the |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
N/A |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Anthony Cochrane |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Commercial Officer, PDMR |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
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b) |
LEI |
213800N7AAHSXQUOA733 |
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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 |
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b) |
Nature of the transaction |
Exercise of Share Options under the |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
N/A |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Mark Selby |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Technology Officer, PDMR |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
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b) |
LEI |
213800N7AAHSXQUOA733 |
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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 |
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b) |
Nature of the transaction |
Exercise of Share Options under the |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
N/A |
1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Stephen Callaghan |
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2 |
Reason for the notification |
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a) |
Position/status |
Non-Executive Director, Senior Independent Director |
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b) |
Initial notification/Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
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b) |
LEI |
213800N7AAHSXQUOA733 |
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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 |
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b) |
Nature of the transaction |
Sale of shares |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
N/A |
- Ends -
For further information, please contact:
Elizabeth Skerritt |
|
Tel: +44 (0)1403 273 463 |
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 |
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