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Ceres Power Holdings - Block Admission Application

RNS Number : 0838J
Ceres Power Holdings plc
18 December 2020

18 December 2020


Ceres Power Holdings plc

("Ceres Power" or the "Company")


Block Admission Application


Block Admission Application

The Company has made an application to the London Stock Exchange Plc for a block admission of 1,664,482 Ordinary Shares of 10 pence each ("Ordinary Shares"). The Ordinary Shares will be allotted in accordance with the exercise of options under the Company's 2004 Employees Share Option (as to 1,007,500 ordinary shares) and Sharesave Share Option Schemes (as to 213,982 ordinary shares) and the Company's Long-Term Incentive Plan "LTIP" (as to 443,000) which are subject to achieving certain share price and commercial targets at the point of vesting.

It is expected that the block admission will become effective on 23 December 2020. The Ordinary Shares, when issued, shall rank equally with the Company's existing issued Ordinary Shares.

The Company's current issued share capital will not change as a result of the block admission.




For further information, please contact:

Ceres Power Holdings plc

Richard Preston, CFO


Tel: +44 (0)1403 273 463


Investec (NOMAD & Joint Broker)

Jeremy Ellis/ Patrick Robb



Tel: +44 (0) 207 597 5970


Berenberg (Joint Broker)

Ben Wright / Mark Whitmore



Tel: +44 (0) 203 207 7800



Peter Ogden/ James White



Tel: +44 (0) 20 7250 1446










Notes to Editor:

About Ceres Power

Ceres is a world-leading developer of next generation solid oxide fuel cell (SOFC) and electrochemical technology. 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 South Korea, to develop systems and products that address climate change and air quality challenges for 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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Quick facts: Ceres Power Holdings PLC

Price: -

Market: LSE
Market Cap: -

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