TIDMCWR
RNS Number : 5736M
Ceres Power Holdings plc
14 October 2016
14 October 2016
This announcement contains inside information
Ceres Power Holdings PLC
("Ceres Power" or the "Company")
Result of General Meeting and Directors' Interests
Ceres Power Holdings plc (AIM: CWR), is pleased to announce that
at the General Meeting of shareholders held earlier today, on 14
October 2016, at 31 Finsbury Pavement London EC2A 1NT, all
resolutions were duly passed.
The results of the poll on the resolutions put at the General
Meeting were as follows:
Resolution For/ discretionary Against Votes Total % of issued
(number/%) (number/%) withheld votes share
(number) cast capital
exc. represented
withheld by the
(number) votes
cast
------------------- ------------------- ------------ ---------- ------------ -------------
1. Authority
to allot shares
pursuant to
the proposed
placing 615,534,652 44,013 3,556,610 615,578,665 79.11%
99.99% 0.01%
------------------- ------------------- ------------ ---------- ------------ -------------
2. Disapplication
of pre-emption
rights pursuant
to resolution
1 615,525,515 45,150 3,564,610 615,570,665 79.11%
99.99% 0.01%
------------------- ------------------- ------------ ---------- ------------ -------------
3. Additional
authority to
allot shares 619,063,033 44,013 726,434 619,107,046 79.56%
99.99% 0.01%
------------------- ------------------- ------------ ---------- ------------ -------------
4. Additional
disapplication
of pre-emption
rights 599,346,761 19,739,114 49,400 619,085,875 79.56%
96.81% 3.19%
------------------- ------------------- ------------ ---------- ------------ -------------
As a result, the Placing announced on 28 September 2016 of
228,603,083 new Ordinary Shares at 8.75 pence per Ordinary Share to
raise GBP20.0 million, is conditional only on Admission of the
16,571,428 First Placing Shares which is expected to take place on
17 October 2016 and of the 212,031,655 Second Placing Shares which
is expected to take place on 18 October 2016.
Following the recent issue of 270,000 Ordinary Shares as a
result of the exercise of employee share options, admission of the
First Placing Shares and of the Second Placing Shares, the
Company's issued share capital will consist of 1,006,730,924
Ordinary Shares. There are no Ordinary Shares held in treasury.
Therefore, in accordance with the FCA's Disclosure and Transparency
Rule 5.6.1, the Company confirms that following Admission, the
total number of voting rights in the Company will be
1,006,730,924.
Accordingly, these figures may be used by shareholders as a
denominator for the calculations by which they will determine if
they are required to notify their interest in, or change to their
interest in, the Company, under the Disclosure and Transparency
Rules.
Directors' Interests
Following Admission, the interests in the Ordinary Shares of the
Company Directors participating in the Placing will be as
follows:
% of issued Number
share capital of Placing
Shareholding held prior Shares Shareholding % of issued share
prior to to the subscribed following capital held
the Placing Placing for Admission following Admission
Steve Callaghan 3,605,650 0.46% 457,142 4,062,792 0.40%
Mike Lloyd 783,088 0.10% 285,714 1,068,802 0.11%
Unless otherwise defined, all capitalised terms in this
announcement are with reference to the announcement made by Ceres
Power at 1.36 p.m. on 28 September 2016.
For further information please contact:
Ceres Power Holdings plc Tel. +44 (0)1403
Phil Caldwell, Chief Executive 273 463
Officer
Richard Preston, Chief Financial
Officer
Zeus Capital Limited (Nominated Tel: +44 (0)20
Adviser and Broker) 3829 5000
Phil Walker/Andrew Jones/Hugh
Kingsmill Moore
Tavistock Tel: +44 (0)
Mike Bartlett/James Collins 20 7920 3150
Notes to editors:
About Ceres Power
Ceres Power (http://www.cerespower.com/) 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. The Ceres Power unique patented Steel Cell 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 Steel Cell technology and
know-how, combined with the opportunity to supply the Steel Cell in
volume through its manufacturing partners.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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