Ceres Power Holdings plc (LON:CWR) announced that today, 5 October 2017, LTIP share options were awarded to Executive Directors and PDMRs of the Company as follows:
Philip Caldwell (CEO) 870,000; Richard Preston (CFO) 470,000; Mark Selby (CTO) 470,000; James Falla (COO) 470,000; and Anthony Cochrane (CCO) 470,000.
These LTIP share options, of the Company’s ordinary shares of 1 pence each, are nominal value options and only vest depending on achievement against 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.
Ceres Power holdings plc 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 Steel Cell technology generates power from widely available fuels at high efficiency and is manufactured using standard processing equipment and conventional materials such as steel, meaning that it can be mass produced at an affordable price for domestic and business use.
The company offers its partners the opportunity to develop power systems and products using its unique Steel Cell technology and know-how, combined with the opportunity to supply the Steel Cell in volume through its manufacturing partners.
