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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

 

Powerscourt

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

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Market: LSE
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