SAYE Share Option Scheme Admission Application

RNS Number : 4119U

Ceres Power Holdings plc

18 January 2017

 

18 January 2017

Ceres Power Holdings Plc

("Ceres Power" or the "Company")

SAYE Share Option Scheme Block Admission Application

Ceres Power Holdings PLC (AIM: CWR) announces that an application has been made by the Company to the London Stock Exchange Plc for a block admission of 1,902,603 Ordinary Shares of 1p each ("Ordinary Shares") which will be allotted from time to time in accordance with the exercise of options under the Company's SAYE Share Option Scheme.

It is expected that the Ordinary Shares will be admitted to trading on AIM on 20 January 2017. The Ordinary Shares, when issued, shall rank equally with the Company's existing issued ordinary shares.

The Company's current issued share capital is 1,008,040,924 and will not change as a result of the block admission. The Company expects to publish its first 6 monthly Block Listing Interim Review for the Company's SAYE Share Option Scheme on or around 20 July 2017.

For further information, please contact:

Ceres Power Holdings plc Dan Caesar, Communications & Marketing Director		Tel: [phone]
Zeus Capital (Nominated Adviser and Broker) Phil Walker/Andrew Jones		Tel: [phone]
Tavistock Mike Bartlett/James Collins		Tel: [phone]

Notes to Editor:

About Ceres Power

Ceres Power (http://www.cerespower.com/) 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 Steel Cell 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 offers its partners the opportunity to develop power systems and products using its unique Steel Cell technology and know-how, combined with the opportunity to supply the Steel Cell in volume through its manufacturing partners.

 

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