RNS Number : 0862C
Ceres Power Holdings plc
06 October 2025
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB00BG5KQW09
Issuer Name
CERES POWER HOLDINGS PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights; An acquisition or disposal of financial instruments
3. Details of person subject to the notification obligation
Name
Covalis Capital LLP
City of registered office (if applicable)
Country of registered office (if applicable)
GB
4. Details of the shareholder
Name
City of registered office
Country of registered office
Funds and accounts managed by Covalis Capital LLP
5. Date on which the threshold was crossed or reached
01-Oct-2025
6. Date on which Issuer notified
03-Oct-2025
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8.A)
% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)
Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached
0.140000
9.560000
9.700000
18806603
Position of previous notification (if applicable)
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
Class/Type of shares ISIN code(if possible)
Number of direct voting rights (DTR5.1)
Number of indirect voting rights (DTR5.2.1)
% of direct voting rights (DTR5.1)
% of indirect voting rights (DTR5.2.1)
GB00BG5KQW09
273728
0.140000
Sub Total 8.A
273728
0.140000%
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
Type of financial instrument
Expiration date
Exercise/conversion period
Number of voting rights that may be acquired if the instrument is exercised/converted
% of voting rights
Sub Total 8.B1
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
Type of financial instrument
Expiration date
Exercise/conversion period
Physical or cash settlement
Number of voting rights
% of voting rights
Contract for differences
Cash
18532875
9.560000
Sub Total 8.B2
18532875
9.560000%
9. Information in relation to the person subject to the notification obligation
2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)
Ultimate controlling person
Name of controlled undertaking
% of voting rights if it equals or is higher than the notifiable threshold
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold
Total of both if it equals or is higher than the notifiable threshold
Zilvinas Mecelis
Zilvinas Mecelis
IGE Investments Limited
Zilvinas Mecelis
Covalis Capital GP Limited
Zilvinas Mecelis
Covalis Capital LP
Zilvinas Mecelis
Covalis Capital (Cayman) Limited
Zilvinas Mecelis
Covalis Capital (UK) Limited
Zilvinas Mecelis
Covalis Capital LLP
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
Covalis Capital LLP expressly disclaims beneficial ownership of the shares held by the funds and managed accounts.
12. Date of Completion
03-Oct-2025
13. Place Of Completion
United Kingdom
For further information visit www.ceres.tech or contact:
Ceres Power Holdings plc Dominic Murray (Company Secretary)
Tel: +44 (0)7526 196529
MHP Group (PR Adviser) James McFarlane/Matthew Taylor/Hugo Harris
Tel: +44 (0)7827662831 Email:ceres@mhpgroup.com
About Ceres
Ceres is a leading developer of clean energy technology: fuel cells for power generation and electrolysers for the production of green hydrogen. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest companies, such as Doosan, Delta, Denso, Shell, Weichai and Thermax. Ceres' solid oxide technology supports greater electrification of our energy systems and produces green hydrogen at high efficiencies as a route to decarbonise emissions-intensive industries such as steelmaking, ammonia and future fuels. Ceres is listed on the London Stock Exchange ("LSE") (LSE: 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. Read more on our website www.ceres.tech or follow us on LinkedIn.
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