LONDON - Ceres Power (LON:CWR) Holdings plc, a developer of clean energy technologies, announced that Senior Independent (LON:IOG) Director Julia King, The Baroness Brown of Cambridge, purchased 30,200 ordinary shares in the company at a price of £1.6505 per share on Thursday.
The transaction, which took place on the London Stock Exchange (LON:LSEG) (XLON), resulted in a total investment of £49,845.10 by the Baroness. Following the acquisition, her total holdings in Ceres Power equaled the number of shares purchased, as indicated by the initial notification of the transaction.
This purchase by a Person Discharging Managerial Responsibilities (PDMR) was disclosed in accordance with the UK Market Abuse Regulation, which mandates the reporting of such transactions by company insiders.
Ceres Power, recognized with the London Stock Exchange's Green Economy Mark, focuses on the development of electrolysis technology for the production of green hydrogen and fuel cells for power generation. The company has established partnerships with global industry leaders and aims to contribute to the decarbonization of emissions-intensive industries.
The share acquisition by a key executive is a noteworthy event for investors and stakeholders, reflecting confidence in the company's prospects. The information regarding this transaction is based on a press release statement issued by Ceres Power Holdings plc.
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