Ceres Power Holdings plc Block Admission Application (5357C)
June 18 2019 - 2:01AM
UK Regulatory
TIDMCWR
RNS Number : 5357C
Ceres Power Holdings plc
18 June 2019
18 June 2019
Ceres Power Holdings plc
("Ceres Power" or the "Company")
Block Admission Application
The Company has made an application to the London Stock Exchange
Plc for a block admission of 2,009,591 Ordinary Shares of 10 pence
each ("Ordinary Shares"). These Ordinary Shares will be allotted in
accordance with the exercise of options under the Company's
Long-Term Incentive Plan ("LTIP") and are subject to achieving
certain share price and commercial targets at the point of
vesting.
A two-year holding period applies to LTIP options vesting and
subsequently exercised by PDMRs.
It is expected that the block admission will become effective on
21 June 2019. 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.
The Company expects to publish its next 6 monthly Block Listing
Interim Review on or around 21 June 2019, before this block
admission is effective.
For further information, please contact:
Ceres Power Holdings plc Tel: +44 (0)1403 273 463
Phil Caldwell, CEO
Richard Preston, CFO
Investec Bank plc (Nominated Tel: +44 (0) 20 7597 4000
Adviser and Broker)
Jeremy Ellis / Patrick Robb
/ Richard Short
Berenberg (Joint Broker) Tel: +44 (0) 20 3207 7800
Ben Wright / Mark Whitmore
Powerscourt Tel: +44 (0) 207 250 1446
Peter Ogden/James White/Niall
Walsh
Notes to Editors:
About Ceres Power
Ceres Power is a world leader in low cost, next generation fuel
cell technology for use in distributed power products that reduce
operating costs, lower CO2, SOx and NOx emissions, increase
efficiency and improve energy security. Ceres Power's unique,
patented SteelCell(R) technology generates power from widely
available fuels at high efficiency and is manufactured using
standard processing equipment and conventional materials such as
steel, meaning that it can be mass produced at an affordable price
for domestic and business use. Ceres Power offers its partners the
opportunity to develop power systems and products using its unique
SteelCell(R) technology and know-how, combined with the opportunity
to supply the SteelCell(R) in volume through its manufacturing
partners. For further information please visit:
http://www.cerespower.com/
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.
END
ALSGGUCWQUPBGMM
(END) Dow Jones Newswires
June 18, 2019 02:01 ET (06:01 GMT)
Ceres Power (LSE:CWR)
Historical Stock Chart
From Apr 2024 to May 2024
Ceres Power (LSE:CWR)
Historical Stock Chart
From May 2023 to May 2024