Weichai Equity Investment / Total Voting Rights

RNS Number : 0540D

Ceres Power Holdings plc

05 October 2018

 

Ceres Power Holdings Plc

("Ceres Power" or the "Company")

Weichai Power Equity Investment

Ceres Power Holdings plc (AIM: CWR) confirms that, further to the announcement on 24 September 2018, 663,740 new ordinary shares of 10 pence each ("Ordinary Shares") have been allotted to Weichai Power at the then agreed subscription price of 150.8p and are expected to be admitted to trading on AIM on 8 October 2018. This investment totals £1.0 million and was completed under the provisions of the existing contract and in order to maintain its current holding level of 10% of the issued share capital. 

The allotment will be satisfied using the current shareholder authorities approved at the last General Meeting. 

Total Voting Rights

Following the allotment of 663,740 new Ordinary Shares to Weichai Power, Ceres Power Holdings plc (AIM: CWR) confirms that as of 8 October 2018, the Company will have 135,001,693 ordinary shares of 10 pence each ("Ordinary Shares") in issue, with one voting right each. The Company does not hold any shares in treasury. The number of Ordinary Shares with voting rights will therefore be 135,001,693.

Accordingly, these figures may be used by shareholders as a denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company, under the Disclosure and Transparency Rules.

 For further information, please contact:

Ceres Power Holdings plc Richard Preston, CFO		Tel: [phone]
Zeus Capital (Nominated Adviser and Broker) Andrew Jones / Dom King		Tel: [phone]
Berenberg (Joint Broker) Ben Wright / Mark Whitmore / Laure Fine		Tel: [phone]
Powerscourt Peter Ogden/ Niall Walsh		Tel: [phone]

Notes to Editor:

About Ceres Power

Ceres Power 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 SteelCell® 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. Ceres Power offer its partners the opportunity to develop power systems and products using its unique SteelCell® technology and know-how, combined with the opportunity to supply the SteelCell® in volume through its manufacturing partners. For further information please visit: http://www.cerespower.com/

 

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