Initial Tranche of funding

RNS Number : 7573N

Ceres Power Holdings plc

02 October 2012

 

2 October 2012

For immediate release

Not for release, publication or distribution, directly or indirectly, in whole or in part in, into, or from, any jurisdiction where to do the same would constitute a violation of the relevant laws of such jurisdiction.

Ceres Power Holdings plc

("Ceres", "Ceres Power" or "the Company")

Further to the announcement on 11 September 2012 when we indicated our plan to complete funding by end Q3 2012, we announce that the Board continues to work towards raising an initial tranche of funding to continue to meet the Company's planned expenditure and maintain the business as a going concern. The Company will update shareholders in due course on progress in this regard.

Enquiries:

Ceres Power Holdings plc                                  Tel. [phone]

David Pummell, Chief Executive Officer

Rex Vevers, Finance Director

Investec Bank plc                                              Tel. [phone]

Chris Sim/James Ireland

Kreab Gavin Anderson & Company                    Tel. [phone]

Ken Cronin/Deborah Walter

 

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