Wind down of Business

RNS Number : 4553Q

Ceres Power Holdings plc

06 November 2012

 

6 November 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 Company notes the recent movement in the share price. Following the announcement by the Company on 4^th October 2012 regarding its funding position, the Company has continued to explore various strategic options and these discussions are on-going. In the event, the Company is not able to progress any proposals to a successful conclusion, it will as previously announced commence an orderly wind down of the business. The Company will update shareholders in due course.

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

 

END

 

 

MSCUNVORUKAARAA