Block Admission Application

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

Elizabeth Skerritt


Tel: +44 (0)7932 023 283

 

Investec Bank PLC (NOMAD & Joint Broker)

Jeremy Ellis / Patrick Robb/ Ben Griffiths


 

Tel: +44 (0)207 597 5970

 

Berenberg (Joint Broker)

Ben Wright / Mark Whitmore


 

Tel: +44 (0)203 207 7800

 

Madano

Harry Spencer/ Lewis Popplewell


 

Tel: +44 (0)20 7250 1446

 

 

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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