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LONDON - Clean energy technology developer Ceres Power Holdings plc (LSE:CWR) has granted options to purchase 2,994,376 ordinary shares under its all-employee Sharesave Scheme, according to a company statement released Monday.
The options were granted on June 13 at an exercise price of 71.15 pence per share and will be exercisable between July 1, 2028, and December 31, 2028.
The company’s senior leadership team received a portion of these options, with Chief Executive Officer Phil Caldwell granted 12,930 options, while Chief Product Officer Nick Lawrence and Chief People Officer Michelle Traynor each received 25,860 options.
The Sharesave Scheme, which has received HM Revenue & Customs approval, is offered annually to all qualifying employees to encourage broader employee share ownership within the company.
Ceres Power, based in Horsham, UK, develops fuel cell technology for power generation and electrolysers for green hydrogen production. The company operates through an asset-light licensing model with partners including Doosan, Delta, Denso, Shell, Weichai and Thermax (NSE:THMX).
The notification was made in accordance with UK Market Abuse Regulation requirements, based on information provided in the company’s press release.
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