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Ceres Power HoldingsAnnouncement

06/09/2014 22:32

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RNS Number : 6183N
Ceres Power Holdings plc
29 July 2014 
 
29 July 2014 
 
Ceres Power Holdings PLC 
 
("Ceres", the "Group" or the "Company") 
 
Result of General Meeting and Directors' Interests 
 
Ceres Power Holdings plc is pleased to announce that at the General Meeting of
the Group held earlier today, all resolutions were duly passed. 
 
Accordingly, the conditional Placing, first announced on 11 July 2014, is now
unconditional in all respects save for the admission to trading on AIM of the
235,705,868 Placing Shares. 
 
Application has been made to AIM for the admission of the Placing Shares and
it is expected that Admission will become effective on 30 July 2014 and that
dealings will commence at 8.00 a.m. on 30 July 2014. 
 
Following Admission, the Group will have 772,537,841 Ordinary Shares, with one
voting right each, in issue. The Group does not hold any shares in treasury.
Accordingly, the figure of 772,537,841 Ordinary Shares may be used by
shareholders in the Group as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Group under the
Financial Services Authority's Disclosure and Transparency Rules. 
 
Directors' Interests 
 
Following Admission, the Directors' interest in the Ordinary Shares of the
Group will be as follows: 
 
                  Shareholding prior to the Placing  % of issued share capital held prior to the Placing  Number of Placing Shares subscribed for  Shareholding following Admission  % of issued share capital held following Admission  Number of options held over Ordinary Shares  
 Alan Aubrey1     Nil                                Nil                                                  Nil                                      Nil                               Nil                                                 Nil                                          
 Phil Caldwell    Nil                                Nil                                                  117,646                                  117,646                           0.02%                                               16,143,312                                   
 Steve Callaghan  2,723,298                          0.51%                                                882,352                                  3,605,650                         0.47%                                               1,500,000                                    
 Richard Preston  222,645                            0.04%                                                Nil                                      222,645                           0.03%                                               4,743,312                                    
 Mike Lloyd       312,500                            0.06%                                                470,588                                  783,088                           0.10%                                               920,000                                      
 Robert Trezona1  6,898                              0.00%                                                117,646                                  124,544                           0.02%                                               Nil                                          
 
 
1Alan Aubrey and Robert Trezona are appointees of IP2IPO Limited who have an
interest in 179,558,822 ordinary shares, representing approximately 23.2% of
the Company's issued share capital. 
 
This announcement should be read in conjunction with the full text of the
circular posted to Shareholders on 11 July 2014, copies of which are available
on the Company's website at www.cerespower.com. Unless stated otherwise,
capitalised terms in this announcement have the same meaning as given in the
circular. 
 
Enquiries: 
 
 Ceres Power Holdings plc                               Phil Caldwell, Chief Executive OfficerRichard Preston, Finance Director  Tel. +44 (0)1403 273 463   
 N+1 Singer  (Nominated Adviser and Broker)Andrew Craig / Ben Wright / Alex Wright                                               Tel: +44 (0)20 7496 3000   
 Tavistock CommunicationsMike Bartlett / James Collins                                                                           Tel: +44 (0) 20 7920 3150  
 
 
Notes to editors: 
 
Ceres Power (www.cerespower.com) is a world leading developer of low cost,
next generation fuel cell technology for use in decentralised energy products
that reduce operating costs, lower CO2 emissions, increase efficiency and
improve energy security.  The Ceres unique patented Steel Cell technology
operates on mains natural gas and is manufactured using standard manufacturing
processes and conventional materials such as steel, meaning that it can be
mass produced at an affordable price for domestic and business use. 
 
www.cerespower.com 
 
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