Original
RNS Number : 8916N
Ceres Power Holdings plc
04 October 2012
 



4 October 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")

 

Funding Update

 

Following recent announcements regarding Ceres' funding requirements, the Company announces that, despite extensive efforts it has been unsuccessful in securing sufficient funding for the business going forward. The Company will continue to explore all strategic options including a sale of the business, cancellation of the listing and in the absence of any alternative proposals commencement of an orderly wind down of the business. A further announcement will be made in due course.

 

 

 

Enquiries:

 

Ceres Power Holdings plc                                  Tel. +44 (0)1403 273 463

David Pummell, Chief Executive Officer

Rex Vevers, Finance Director

 

Investec Bank plc                                              Tel. +44 (0)20 7597 4000

Chris Sim/James Ireland

 

Kreab Gavin Anderson & Company                   Tel. +44 (0)20 7074 1800

Ken Cronin/Deborah Walter

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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