Block Admission Application

RNS Number : 5581K

Ceres Power Holdings plc

14 December 2018

 

14 December 2018

Ceres Power Holdings plc

("Ceres Power" or the "Company")

Block Admission Application

The Company has made an application to the London Stock Exchange Plc for a block admission of 915,757 Ordinary Shares of 10 pence each ("Ordinary Shares"). These Ordinary Shares will be allotted in accordance with the exercise of options under the Company's the 2004 Employees Share Option (as to 341,342 Ordinary Shares) and Sharesave Share Option Schemes (as to 574,415 Ordinary Shares).

It is expected that the block admission will become effective on 17 December 2018. The Ordinary Shares, when issued, shall rank equally with the Company's existing issued Ordinary Shares.

The Company's current issued share capital will not change as a result of the block admission. The Company expects to publish its next 6 monthly Block Listing Interim Review on or around 21 December 2018.

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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