Ceres Power Holdings plc Funding Update (8916N)
04 October 2012 - 4:00PM
UK Regulatory
TIDMCWR
RNS Number : 8916N
Ceres Power Holdings plc
04 October 2012
4 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")
Funding Update
Following recent announcements regarding Ceres' funding
requirements, the Company announces that, despite extensive efforts
it has been unsuccessful in securing sufficient funding for the
business going forward. The Company will continue to explore all
strategic options including a sale of the business, cancellation of
the listing and in the absence of any alternative proposals
commencement of an orderly wind down of the business. A further
announcement will be made in due course.
Enquiries:
Ceres Power Holdings plc Tel. +44 (0)1403 273 463
David Pummell, Chief Executive Officer
Rex Vevers, Finance Director
Investec Bank plc Tel. +44 (0)20 7597 4000
Chris Sim/James Ireland
Kreab Gavin Anderson & Company Tel. +44 (0)20 7074 1800
Ken Cronin/Deborah Walter
This information is provided by RNS
The company news service from the London Stock Exchange
END
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