REG - Ceres Power Holdings - Admission to Main Market premium segment

Ceres Power HoldingsAnnouncement

29/06/2023 07:00

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RNS Number : 3008E  Ceres Power Holdings plc  29 June 2023

 

THIS ANNOUNCEMENT IS MADE FOR INFORMATION PURPOSES ONLY AND DOES NOT
CONSTITUTE AN OFFER TO SELL OR ISSUE OR SOLICITATION TO BUY, SUBSCRIBE FOR OR
OTHERWISE ACQUIRE SHARES IN CERES POWER HOLDINGS PLC IN ANY JURISDICTION IN
WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

 

29 June 2023

Ceres Power Holdings plc

("Ceres", the "Company")

Admission to Premium Listing Segment of the Official List and to Trading on
the Main Market of the London Stock Exchange

Further to the announcement made on 26 June 2023, Ceres announces that it is
expected that the ordinary shares of the Company (the "Ordinary Shares") will
be cancelled from trading on the AIM market of the London Stock Exchange at
8.00am today and simultaneously admitted to listing on the premium listing
segment of the Official List maintained by the Financial Conduct Authority
("FCA") (the "Official List") and to trading on the London Stock Exchange
plc's (the "London Stock Exchange") main market for listed securities (the
"Main Market") (together, "Admission") at 8.00am today.

The Company is not offering any new Ordinary Shares nor any other securities
in connection with the proposed Admission. Following Admission, the Company's
Ordinary Shares will continue to be registered with their existing ISIN of:
GB00BG5KQW09 and the Company's TIDM code on the London Stock Exchange will
continue to be CWR. At Admission, there will be 192,716,980 ordinary shares in
the Company in issue.

The Company's shareholders should consult their own tax advisers as to the tax
implications of the Company's proposed move to the Main Market.

Phil Caldwell, Chief Executive Officer of Ceres Power, said:

"As a UK technology business playing an important role in decarbonising the
global energy system, we are proud to graduate to the LSE's Main Market. We
are committed to realising our ambition to have multi-gigawatts of clean
energy technology under licence with global partners in the coming decade. A
huge thank you to the team at Ceres and beyond that has made today's milestone
achievement possible."

 

Enquiries and further information

 Ceres Power Holdings plc                         +44 (0) 7752 470802

 Marianne Millard (Deputy Company Secretary)

 Berenberg (Sponsor & Joint Broker)            ++44 (0)20 3207 7800
 Ben Wright/ Mark Whitmore/ Ciaran Walsh

 Investec Bank PLC (NOMAD & Joint Broker)      ++44 (0)207 597 5970
 James Rudd/ Patrick Robb/ Ben Griffiths

 FTI Consulting (PR Adviser)                   ++44 (0)203 727 1000
 Dwight Burden/ Ben Brewerton                  EEmail:ceres_power@fticonsulting.com

 

 

About Ceres

Ceres is a world-leading developer of electrochemical technologies: fuel cells
for power generation, electrolysis for the creation of green hydrogen and
energy storage. Its asset-light, licensing model has seen it establish
partnerships with some of the world's largest engineering and technology
companies, such as Weichai in China, Bosch in Germany, Miura in Japan, and
Doosan in Korea, to develop systems and products that address climate change
for power generation, transportation, industry, data centres and everyday
living. Ceres is listed on the AIM market of the London Stock Exchange ("LSE")
(AIM: 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.

 

 

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