SALE OF ORDINARY SHARES IN CERES POWER
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA OR JAPAN.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR IN ANY JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER FOR SALE OF, OR THE SOLICITATION OF AN OFFER TO BUY, THE SECURITIES REFERRED TO HEREIN IN ANY JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended).
7 July 2025
SALE OF ORDINARY SHARES IN CERES POWER HOLDINGS PLC ("CERES")
Robert Bosch GmbH ("Bosch GmbH"), together with its wholly owned subsidiary Robert Bosch Investment Nederland B.V. ("Bosch Investment Nederland B.V.", together with Bosch GmbH, the "Bosch Group"), today announces that it has agreed to sell, subject to completion, 6,394,765 ordinary shares of £0.10 each in the share capital of Ceres (the "Ordinary Shares"), representing 3.3% of Ceres' existing issued Ordinary Share capital, at a price of £0.94 per Ordinary Share to a single institutional investor (the "Sale").
Completion of the Sale is expected to take place on 9 July 2025.
Bosch Group currently owns 33,790,880 Ordinary Shares, representing approximately 17.4% of Ceres' existing issued ordinary share capital. Following the Sale, the Bosch Group will own 27,396,115 Ordinary Shares representing approximately 14.1% of Ceres' existing issued Ordinary Share capital (the "Retained Shares").
The Retained Shares held by the Bosch Group following the Sale will be subject to a lock-up which ends 60 days following completion of the Sale (subject to waiver by Deutsche Bank Aktiengesellschaft (which is trading for these purposes as 'Deutsche Numis') ("Deutsche Numis")).
Ceres will not receive any proceeds from the Sale.
Contacts / Enquiries
Robert Bosch GmbH
Joern Ebberg +49 711 811 26223
Deutsche Numis 020 7260 1000
Mark Hankinson
William Baunton
Philipp Leising
Derek Shakespeare
Michael Stocker
Important Notice:
'Deutsche Numis' is a trading name used by certain investment banking businesses of Deutsche Bank AG and Numis Securities Limited in the United Kingdom and Ireland. Numis Securities Limited is a member of the group of companies controlled by Deutsche Bank AG. Deutsche Bank AG is a stock corporation (Aktiengesellschaft) incorporated under the laws of the Federal Republic of Germany with its principal office in Frankfurt am Main. It is registered with the local district court (Amtsgericht) in Frankfurt am Main under No HRB 30000 and licensed to carry on banking business and to provide financial services. It is subject to supervision by the European Central Bank (ECB), Sonnemannstrasse 22, 60314 Frankfurt am Main, Germany, and the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht or BaFin), Graurheindorfer Strasse 108, 53117 Bonn and Marie-Curie-Strasse 24-28, 60439 Frankfurt am Main, Germany.
Deutsche Bank AG is acting exclusively for the Bosch Group and no one else in connection with the Sale, the content of this Announcement and any other matter described in this Announcement. Deutsche Bank AG will not regard any other person as its client in relation to the Sale, the content of this Announcement and other matters described in this Announcement and will not be responsible to anyone other than the Bosch Group for providing the protections offered to the clients of Deutsche Bank AG or for providing advice to any other person in relation to the Sale, the content of this Announcement or any other matters referred to in this Announcement. Any other person in receipt of this Announcement should seek their own independent legal, investment and tax advice as they see fit.
This announcement is not for publication or distribution in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.
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