Ceres Power Holdings plc Block Admission Application (9827B)
16 June 2021 - 4:00PM
UK Regulatory
TIDMCWR
RNS Number : 9827B
Ceres Power Holdings plc
16 June 2021
16 June 2021
Ceres Power Holdings plc
("Ceres Power" or the "Company")
Block Admission Application
Block Admission Application
The Company has made an application to the London Stock Exchange
Plc for a block admission of 786,930 Ordinary Shares of 10 pence
each ("Ordinary Shares"). The Ordinary Shares will be allotted in
accordance with the exercise of options under the Company's
Long-Term Incentive Plan "LTIP" which are subject to achieving
certain share price and commercial targets at the point of
vesting.
It is expected that the block admission will become effective on
21 June 2021. 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 June
2021.
For further information visit ceres.tech or contact:
Ceres Power Holdings plc Tel: +44 (0)7932 023
Elizabeth Skerritt 283
Investec Bank PLC (NOMAD & Joint Tel: +44 (0)207 597 5970
Broker)
Jeremy Ellis / Patrick Robb/ Ben
Griffiths
Berenberg (Joint Broker) Tel: +44 (0)203 207 7800
Ben Wright / Mark Whitmore
Madano Tel: +44 (0)20 7250 1446
Harry Spencer/ Lewis Popplewell
About Ceres
Ceres is a world-leading developer of next generation solid
oxide fuel cell (SOFC) and electrochemical technology. Its
asset-light, licensing model has seen it establish partnerships
with some of the world's largest engineering and technology
companies, such as Weichai in China, Bosch in Germany, Miura in
Japan, and Doosan in South Korea, to develop systems and products
that address climate change and air quality challenges for
transportation, industry, data centres and everyday living. Ceres
is listed on the AIM market of the London Stock Exchange ("LSE")
(AIM: CWR) and is classified by the LSE Green Economy Mark, which
recognises listed companies that derive more than 50% of their
activity from the green economy.
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