Movement in Company share price

RNS Number : 1984K

Ceres Power Holdings plc

16 August 2012

 



16 August 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")

The Board of Ceres Power notes the recent movement in the Company's share price. As mentioned in the interim results announcement, the Group will need to raise an initial tranche of funding before the end of Q3 2012 to continue to meet the Company's planned expenditure. The Company continues to explore funding options and will update shareholders in due course on progress in this regard.

As announced on 26 July, the Company remains on-track to delivering its target of a global cost leadership mass market micro-CHP product.

Enquiries:

Ceres Power Holdings plc                                  Tel. [phone]

David Pummell, Chief Executive Officer

Rex Vevers, Finance Director

Investec Bank plc                                              Tel. [phone]

Chris Sim/James Ireland

Kreab Gavin Anderson & Company                   Tel. [phone]

Ken Cronin/Deborah Walter

 

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