Ceres Power Holdings plc Weichai equity investment and total voting rights (1813K)
12 December 2018 - 6:00PM
UK Regulatory
TIDMCWR
RNS Number : 1813K
Ceres Power Holdings plc
12 December 2018
12 December 2018
Ceres Power Holdings Plc
("Ceres Power" or the "Company")
GBP28 million Weichai Equity Investment
and Total Voting Rights
Ceres Power Holdings plc (AIM: CWR) confirms that, further to
the announcement on 4 December 2018, 16,879,964 new ordinary shares
of 10 pence each ("Ordinary Shares") have been allotted to Weichai
Power ("Weichai"). Weichai has exercised its warrant at an exercise
price of 164.5p per share investing a further GBP27.8 million in
addition to its previous GBP20.3 million investment. This increases
its shareholding in Ceres Power from just under 10% to 20%. The new
Ordinary Shares are expected to be admitted to trading on AIM on 14
December 2018 ("Admission").
Total Voting Rights
Following the allotment of 16,879,964 new Ordinary Shares to
Weichai and the exercise of share options over 195,000 new Ordinary
Shares, Ceres Power confirms the Company has 152,076,657 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 152,076,657.
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 Tel: +44 (0)1403 273
Richard Preston, CFO 463
Zeus Capital (Nominated Adviser Tel: +44 (0) 20 3829
and Broker) 5000
Andrew Jones / Dom King
Berenberg (Joint Broker) Tel: +44 (0) 203 207
Ben Wright / Mark Whitmore / 7800
Laure Fine
Powerscourt Tel: +44 (0) 20 7250
Peter Ogden / Niall Walsh 1446
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(R) 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(R) technology and know-how, combined with the opportunity
to supply the SteelCell(R) in volume through its manufacturing
partners. For further information please visit:
http://www.cerespower.com/
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END
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