Ceres Power Holdings PLC (LON:CWR) confirms that 5.97mln shares have, as per the August 21 announcement, been allotted to Robert Bosch GmbH.
Bosch subscribed for the shares at 150.8p a pop, which means it has paid around £9mln for a 4.4% stake in the UK fuel cell technology company.
READ: Ceres Power Holdings unveils collaboration deal with Bosch
In early afternoon trading, Ceres Power shares were 2% higher at 200p
Ceres Power and Bosch announce strategic collaboration & equity investment - https://t.co/HGJ0Bix4zL pic.twitter.com/TyqnTbTj8p
— Ceres Power (@CeresPower) August 21, 2018
As a result of the increase in the share capital of Ceres following the Bosch equity investment, Weichai Power has stumped up a further £1mln for 663,740 shares to maintain its holding at 10%.
-- Adds share price --