REG - Ceres Power Holdings - Publication of Prospectus

Ceres Power HoldingsAnnouncement

26/06/2023 13:00

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RNS Number : 9303D  Ceres Power Holdings plc  26 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.

 

26 June 2023

Ceres Power Holdings plc

("Ceres", the "Company")

Publication of Prospectus

Further to the announcement made on 1 June 2023, Ceres is pleased to announce
the publication of a prospectus (the "Prospectus") in relation to the proposed
admission of its ordinary shares (the "Ordinary Shares") to the premium
listing segment of the Official List of the Financial Conduct Authority (the
"FCA") and to trading on the main market for listed securities (the "Main
Market") of London Stock Exchange plc (the "London Stock Exchange") (together,
"Admission").

It is expected that: (i) the Ordinary Shares will be admitted to the premium
listing segment of the Official List and to trading on the Main Market at 8.00
a.m. on 29 June 2023; and (ii) admission of the Ordinary Shares to trading on
AIM will be cancelled at 7.00 a.m. on 29 June 2023. The last day of trading of
the Company's Ordinary Shares on AIM is therefore expected to be 28 June 2023.

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 ticker symbol will continue to be CWR.

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.

The Prospectus has been approved by the FCA and will shortly be available to
view on Ceres' website, https://www.ceres.tech/investors/. A copy of the
Prospectus will be submitted to the National Storage Mechanism and will be
available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

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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