REG - Ceres Power Holdings - Block Admission Application

Ceres Power HoldingsAnnouncement

18/12/2020 07:00

RNS Number : 0838J
  
Ceres Power Holdings plc
  
18 December 2020
  
 

18 December 2020
 
Ceres Power Holdings plc
("Ceres Power" or the "Company")
 
Block Admission Application
 
Block Admission Application
The Company has made an application to the London Stock Exchange Plc for a block admission of 1,664,482 Ordinary Shares of 10 pence each ("Ordinary Shares"). The Ordinary Shares will be allotted in accordance with the exercise of options under the Company's 2004 Employees Share Option (as to 1,007,500 ordinary shares) and Sharesave Share Option Schemes (as to 213,982 ordinary shares) and the Company's Long-Term Incentive Plan "LTIP" (as to 443,000) which are subject to achieving certain share price and commercial targets at the point of vesting.
It is expected that the block admission will become effective on 23 December 2020. The Ordinary Shares, when issued, shall rank equally with the Company's existing issued Ordinary Shares.
The Company's current issued share capital will not change as a result of the block admission. 
 

For further information, please contact:




Ceres Power Holdings plc
Richard Preston, CFO


 


Tel: +44 (0)1403 273 463




 
Investec (NOMAD & Joint Broker)
Jeremy Ellis/ Patrick Robb


 


 
Tel: +44 (0) 207 597 5970




 
Berenberg (Joint Broker)
Ben Wright / Mark Whitmore 


 


 
Tel: +44 (0) 203 207 7800




 
Powerscourt
Peter Ogden/ James White


 


 
Tel: +44 (0) 20 7250 1446




 


 


 


 




 


 


 


 


 




Notes to Editor:
About Ceres Power
Ceres is a world-leading developer of next generation solid oxide fuel cell (SOFC) and electrochemical technology. 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 South Korea, to develop systems and products that address climate change and air quality challenges for 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
ALSGPGPPPUPUGRM