Original
RNS Number : 0628W
Ceres Power Holdings plc
27 July 2018
 

27 July 2018

Ceres Power Holdings plc

 

Admission to trading of new ordinary shares

 

Ceres Power (AIM: CWR, "Ceres Power", "Ceres") is pleased to announce the admission to trading on AIM of 260,952,269 new Ordinary Shares, which took place at 8.00 am today. These include the shares relating to Weichai Power's investment of £17m for a 10% equity holding in the Company and £20m raised from new and existing shareholders.  The issue of new shares was approved by shareholders at the General Meeting on 20 July 2018. 

 

The Company is delighted to welcome Weichai as a shareholder and partner to the Company and looks forward to signing the further commercial agreements by 30 November 2018, which will trigger Weichai's second investment in the Company, at 16.45p, to reach an aggregate 20% equity holding.

 

 

Total Voting Rights

 

Following the admission of the new ordinary shares, the Company's issued share capital will consist of 1,283,262,926 Ordinary Shares. There are no Ordinary Shares held in treasury. Therefore, in accordance with the FCA's Disclosure and Transparency Rule 5.6.1, the Company confirms that following Admission, the total number of voting rights in the Company will be 1,283,262,926.

 

Accordingly, these figures may be used by shareholders as a denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the Company, under the Disclosure and Transparency Rules.

 

Directors' Interests and PDMR notification

 

Following Admission, IP2IPO Portfolio (GP) Limited, a wholly owned as subsidiary of IP Group Plc and a person closely associated with Alan Aubrey, Chairman of the Ceres Power, will become the beneficial owner of 26,525,100 Ordinary Shares in the Company. This will increase IP2IPO Portfolio (GP) Limited shareholding to 284,063,394 Ordinary Shares which represents approximately 22.1 per cent of the issued ordinary share capital of the Company.

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

IP2IPO Portfolio (GP) Limited

2

Reason for the notification

a)

Position/status

Person closely associated with Person Discharging Managerial Responsibilities (Alan Aubrey, Chairman)

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ceres Power Holdings plc

b)

LEI

213800N7AAHSXQUOA733

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

1p ordinary shares                                                            

ISIN GB00B0351429

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

15.08 pence

26,525,100

d)

Aggregated information

 

Price(s)

Volume(s)

15.08 pence

26,525,100

e)

Date of the transaction

 

27 July 2018

 

f)

Place of the transaction 

N/A

 

Following Admission, Aidan Hughes, Non-Executive Director, will become the beneficial owner of 265,200 Ordinary Shares in the Company. This will increase Mr Hughes shareholding to 265,200 Ordinary Shares which represents approximately 0.02 per cent of the issued ordinary share capital of the Company.

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Aidan Hughes

2

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ceres Power Holdings plc

b)

LEI

213800N7AAHSXQUOA733

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

1p ordinary shares                                                            

ISIN GB00B0351429

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

15.08 pence

265,200

d)

Aggregated information

 

Price(s)

Volume(s)

15.08 pence

265,200

e)

Date of the transaction

 

27 July 2018

 

f)

Place of the transaction 

N/A

Unless otherwise defined, all capitalised terms in this announcement are with reference to the announcement made by Ceres Power at 7.00 a.m. on 4 July 2018.

- Ends -

 

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

 

For further information, please contact: 

Ceres Power Holdings plc

Dan Caesar

 

Tel: +44 (0)1403 273 463

 

 

Zeus Capital - Nominated Adviser and Joint Broker

Giles Balleny / Andrew Jones / Dominic King

 

Berenberg - Joint Broker

Ben Wright / Mark Whitmore / Laure Fine

 

 

Tel: +44 (0) 20 3829 5000

 

 

Tel: +44 (0) 203 207 7800

 

 

 

Powerscourt

Peter Ogden / Andy Jones

 

 

 

Tel: +44 (0) 20 7250 1446

 



 

 

About Ceres Power

Ceres Power is a world leader in low cost, next generation fuel cell technology for use in distributed power products that reduce operating costs, lower CO2, SOx and NOx emissions, increase efficiency and improve energy security. The Ceres Power unique patented SteelCell® technology generates power from widely available fuels at high efficiency and is manufactured using standard processing equipment and conventional materials such as steel, meaning that it can be mass produced at an affordable price for domestic and business use. Ceres Power offer its partners the opportunity to develop power systems and products using its unique SteelCell® technology and know-how, combined with the opportunity to supply the SteelCell® in volume through its manufacturing partners. For further information please visit: http://www.cerespower.com/

 

 


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