Ceres Power Holdings plc Block Admission Application (0838J)
December 18 2020 - 2:00AM
UK Regulatory
TIDMCWR
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 Tel: +44 (0)1403 273
Richard Preston, CFO 463
Investec (NOMAD & Joint Broker) Tel: +44 (0) 207 597
Jeremy Ellis/ Patrick Robb 5970
Berenberg (Joint Broker) Tel: +44 (0) 203 207
Ben Wright / Mark Whitmore 7800
Powerscourt Tel: +44 (0) 20 7250
Peter Ogden/ James White 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.
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