Ceres Power Holdings plc Holding(s) in Company (6070W)
February 10 2017 - 5:26AM
UK Regulatory
TIDMCWR TIDMIPO
RNS Number : 6070W
Ceres Power Holdings plc
10 February 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
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1. Identity of the issuer or Ceres Power Holdings plc
the underlying issuer
of existing shares to which
voting rights are
attached: (ii)
----------------------------------------------------------- -----------------------------------
2 Reason for the notification (please tick the appropriate
box or boxes):
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An acquisition or disposal of voting rights
------------------------------------------------------------- ---------------------------------
An acquisition or disposal of qualifying financial
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached
------------------------------------------------------------- ---------------------------------
An acquisition or disposal of instruments with
similar economic effect to qualifying financial
instruments
------------------------------------------------------------- ---------------------------------
An event changing the breakdown of voting rights
------------------------------------------------------------- ---------------------------------
Other (please specify): Acquisition of Parkwalk x
Advisors Limited by IP Group plc
------------------------------------------------------------- ---------------------------------
3. Full name of person(s) IP Group plc
subject to the
notification obligation:
(iii)
--------------------------------------------------------- -------------------------------------
4. Full name of shareholder(s) See section 9
(if different from 3.):(iv)
--------------------------------------------------------- -------------------------------------
5. Date of the transaction 1 February 2017
and date on
which the threshold is
crossed or
reached: (v)
--------------------------------------------------------- -------------------------------------
6. Date on which issuer 9 February 2017
notified:
--------------------------------------------------------- -------------------------------------
7. Threshold(s) that is/are Direct interests: unchanged
crossed or Indirect interests: <3% reached
reached: (vi, vii) Combined direct and indirect
interests: 27% reached
--------------------------------------------------------- -------------------------------------
8. Notified details:
------------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
------------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------- ---------------------------------- ---------------------------------------------------------------------
Number Number Number Number of voting % of voting
of of of shares rights rights (x)
Shares Voting
Rights
------------- ---------------- ---------------- -------------- ---------------------------- -----------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ------------ ------------ -------------- -------------- ------------ ---------- -----------
Ordinary
1p 257,538,294 257,538,294 257,538,294 257,538,294 16,571,428 25.55% 1.64%
---------------- ---------------- -------------- -------------- ------------ ---------- -----------
GB00B0351429
------------- ------------ ------------ ------------ ------------ ------------ -------- -----------
B: Qualifying Financial Instruments
------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
------------------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion Period rights that rights
instrument (xiii) (xiv) may be
acquired if
the
instrument
is
exercised/
converted.
----------------- -------------- -------------------------------- ---------------------------- ---------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments (xv, xvi)
------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
------------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights (xix,
instrument (xvii) period refers to xx)
(xviii)
--------------- -------------- -------------- ---------------- ---------------------------- -----------------------
Nominal Delta
--------------- -------------- -------------- ---------------- ---------------------------- ---------- -----------
Total (A+B+C)
------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
--------------------------------------------------- -------------------------------------------------------------------
274,109,722 27.19%
--------------------------------------------------- -------------------------------------------------------------------
9. Chain of controlled undertakings through which
the voting rights and/or the
financial instruments are effectively held, if applicable:
(xxi)
------------------------------------------------------------------------------------------------
Direct interests:
IP2IPO Limited: 257,538,294
IP2IPO Limited is a 100%-owned subsidiary of IP Group
plc.
Indirect interests:
Share Nominees Limited: 16,571,428
Share Nominees Limited is the legal nominee for shares
owned by investors in certain Parkwalk Advisors Limited
("Parkwalk") EIS funds. Parkwalk has the discretion
to instruct Share Nominees Limited to exercise the
voting and other rights attaching to such shares.
Parkwalk is a 100%-owned subsidiary of IP Group plc
following its acquisition on 1 February 2017.
Proxy Voting:
------------------------------------------------------------------------------------------------
10. Name of the proxy holder:
------------------------------------------------------------- ---------------------------------
11. Number of voting rights proxy
holder will cease to hold:
------------------------------------------------------------- ---------------------------------
12. Date on which proxy holder will
cease to hold voting rights:
------------------------------------------------------------- ---------------------------------
13. Additional information: This notification relates
to the acquisition of Parkwalk
Advisors Limited by IP Group
plc.
Based on 1,008,040,924 Ordinary
Shares in issue
------------------------------------------------------------- ---------------------------------
14. Contact name: Greg Smith
------------------------------------------------------------- ---------------------------------
15. Contact telephone number: 02074440050
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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