REG - Ceres Power Holdings JPMorgan Chase & Co - Holding(s) in Company

Ceres Power HoldingsAnnouncement

18/12/2025 16:30

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RNS Number : 1818M  Ceres Power Holdings plc  18 December 2025

CWR.L

Ceres Power Holdings plc

("Ceres Power" or "the Company")

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 financial instruments

3. Details of person subject to the notification obligation

Name

JPMorgan Chase & Co.

City of registered office (if applicable)

 

Country of registered office (if applicable)

US

4. Details of the shareholder

 Name                        City of registered office  Country of registered office
 J.P. Morgan Securities plc

5. Date on which the threshold was crossed or reached

16-Dec-2025

6. Date on which Issuer notified

18-Dec-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  0.443555                                              5.053823                                                                   5.497378                        10702120
 Position of previous notification (if applicable)                          0.555743                                              4.547814                                                                   5.103557

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                                                                          863457                                                                           0.443555
 Sub Total 8.A                                863457                                                                                0.443555%

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  % of voting rights
                                                                               exercised/converted
 Right to recall shares lent out                                               8684431                                                            4.460975
 Sub Total 8.B1                                                                8684431                                                            4.460975%

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
 Cash-settled Equity Swap      03/02/2026       03/02/2026                  Cash                         4473                     0.002295
 Cash-settled Equity Swap      02/04/2026       02/04/2026                  Cash                         2904                     0.001489
 Cash-settled Equity Swap      20/04/2026       20/04/2026                  Cash                         182000                   0.093489
 Cash-settled Equity Swap      28/04/2026       28/04/2026                  Cash                         614619                   0.315706
 Cash-settled Equity Swap      05/05/2026       05/05/2026                  Cash                         5237                     0.002684
 Cash-settled Equity Swap      08/05/2026       08/05/2026                  Cash                         627                      0.000322
 Cash-settled Equity Swap      04/08/2026       04/08/2026                  Cash                         8134                     0.004171
 Cash-settled Equity Swap      02/10/2026       02/10/2026                  Cash                         2103                     0.001077
 Cash-settled Equity Swap      03/11/2026       03/11/2026                  Cash                         5116                     0.002625
 Cash-settled Equity Swap      30/11/2026       30/11/2026                  Cash                         119187                   0.061221
 Cash-settled Equity Swap      02/12/2026       02/12/2026                  Cash                         22331                    0.011470
 Cash-settled Equity Swap      03/12/2026       03/12/2026                  Cash                         22130                    0.011362
 Cash-settled Equity Swap      07/12/2026       07/12/2026                  Cash                         55740                    0.028629
 Cash-settled Equity Swap      11/12/2026       11/12/2026                  Cash                         26421                    0.013570
 Cash-settled Equity Swap      19/01/2027       19/01/2027                  Cash                         67                       0.000034
 Cash-settled Equity Swap      20/01/2027       20/01/2027                  Cash                         4                        0.000002
 Cash-settled Equity Swap      02/02/2027       02/02/2027                  Cash                         3                        0.000001
 Cash-settled Equity Swap      15/02/2027       15/02/2027                  Cash                         69066                    0.035477
 Cash-settled Equity Swap      16/06/2027       16/06/2027                  Cash                         4859                     0.002495
 Cash-settled Equity Swap      04/06/2030       04/06/2030                  Cash                         1583                     0.000812
 Cash-settled Equity Swap      02/07/2030       02/07/2030                  Cash                         7628                     0.003917
 Sub Total 8.B2                                                                                          1154232                  0.592848%

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  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                          than the notifiable threshold
 JPMorgan Chase & Co.         J.P. Morgan Securities plc                                                                                  5.053823                                                                    5.497378%

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

Chain of controlled undertakings:

JPMorgan Chase & Co.

JPMorgan Chase Bank, National Association (100%)

J.P. Morgan International Finance Limited (100%)

J.P. Morgan Capital Holdings Limited (100%)

J.P. Morgan Securities plc (100%)

12. Date of Completion

18-Dec-2025

13. Place Of Completion

London, United Kingdom

 

 

For further information visit www.ceres.tech (http://www.ceres.tech/)  or
contact:

 Ceres Power Holdings plc                  Tel: +44 (0)7884 654179

 Patrick Yau/Merryl Black                  Email: investors@cerespower.com

 Ceres Power Holdings plc                  Tel: +44 (0)7526 196529

 Dominic Murray (Company Secretary)

 About Ceres

Ceres is a leading developer of clean energy technology: fuel cells for power
generation and electrolysers to produce 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, including AI data centres, commercial and industrial applications,
and produces green hydrogen at high efficiencies as a route to decarbonise
emissions-intensive industries such as ammonia, steelmaking and electrofuels.
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
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 or follow us on LinkedIn
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.

 

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