Publication of Prospectus

Ceres Power Holdings plc

26 June 2023

 

THIS ANNOUNCEMENT IS MADE FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE SHARES IN CERES POWER HOLDINGS PLC IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

26 June 2023

Ceres Power Holdings plc

("Ceres", the "Company")

Publication of Prospectus

Further to the announcement made on 1 June 2023, Ceres is pleased to announce the publication of a prospectus (the "Prospectus") in relation to the proposed admission of its ordinary shares (the "Ordinary Shares") to the premium listing segment of the Official List of the Financial Conduct Authority (the "FCA") and to trading on the main market for listed securities (the "Main Market") of London Stock Exchange plc (the "London Stock Exchange") (together, "Admission").

It is expected that: (i) the Ordinary Shares will be admitted to the premium listing segment of the Official List and to trading on the Main Market at 8.00 a.m. on 29 June 2023; and (ii) admission of the Ordinary Shares to trading on AIM will be cancelled at 7.00 a.m. on 29 June 2023. The last day of trading of the Company's Ordinary Shares on AIM is therefore expected to be 28 June 2023.

The Company is not offering any new Ordinary Shares nor any other securities in connection with the proposed Admission. Following Admission, the Company's Ordinary Shares will continue to be registered with their existing ISIN of: GB00BG5KQW09 and the Company's ticker symbol will continue to be CWR.

The Company's shareholders should consult their own tax advisers as to the tax implications of the Company's proposed move to the Main Market.

The Prospectus has been approved by the FCA and will shortly be available to view on Ceres' website, https://www.ceres.tech/investors/. A copy of the Prospectus will be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

Enquiries and further information                

Ceres Power Holdings plc Marianne Millard (Deputy Company Secretary)	[phone]
Berenberg (Sponsor & Joint Broker)	++44 (0)20 3207 7800
Ben Wright/ Mark Whitmore/ Ciaran Walsh
Investec Bank PLC (NOMAD & Joint Broker)	++44 (0)207 597 5970
James Rudd/ Patrick Robb/ Ben Griffiths
FTI Consulting (PR Adviser)	++44 (0)203 727 1000
Dwight Burden/ Ben Brewerton	EEmail:[e-mail]

About Ceres

Ceres is a world-leading developer of electrochemical technologies: fuel cells for power generation, electrolysis for the creation of green hydrogen and energy storage. 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 Korea, to develop systems and products that address climate change for power generation, 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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