RNS Number : 8033Q
Ceres Power Holdings plc
17 October 2013

Ceres Power Holdings plc ("Ceres" or the "Company")

Change of significant shareholder ownership with Lock-Up Deed maintained


ORA Capital Partners Limited ("ORA") has announced that the distribution to its shareholders of its 28.2% interest in the issued share capital of Ceres (as previously held through its wholly owned subsidiary ORA (Guernsey) Limited) completed today 17 October 2013. This comprises part of the distribution in specie by ORA of its entire quoted portfolio company equity holdings, following shareholder approval at the ORA General Meeting on 14 October 2013.


A Lock-Up Deed was put in place between ORA (Guernsey) and Ceres Power in December 2012, whereby ORA (Guernsey) agreed not to dispose of the shares it acquired in the Placing in December 2012 until 17 December 2013.  The Ceres Power Board has consented to release ORA (Guernsey) from the Deed, however replacement Lock-Up Deeds have been put in place with the largest shareholders of ORA representing 93.3% of its holding in Ceres. 


Consequent to the above distribution by ORA, Ceres has today also been notified of the following change in interests in the issued share capital of the Company:


Shares received as part of distribution in specie by ORA

Resultant interest in shares of the Company

Resultant % of issued share capital of the Company

*Richard Griffiths




*Included within Richard Griffiths' 23.03% interest in the Company is a 21.98% holding by Blake Holdings Limited, which is controlled by him.

For further information contact:

Ceres Power Holdings plc

Tel. +44 (0)1403 273463

Phil Caldwell, Chief Executive

Richard Preston, Finance Director

Nplus1 Singer Advisory LLP

 Tel. +44 (0) 20 7496 3000

Andrew Craig/Ben Wright

Tavistock Communications

Mike Bartlett / James Collins

 Tel.  +44 (0) 20 7920 3150


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