Business
Admission to trading of new ordinary shares
Admission to trading of new ordinary shares.
About this update from Ceres Power Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 0628W Ceres Power Holdings plc 27 July 2018 \n\n27 July 2018\nCeres Power Holdings plc \n \nAdmission to trading of new ordinary shares \n \nCeres Power (AIM: CWR, \"Ceres Power\", \"Ceres\") is pleased to announce the admission to trading on AIM of 260,952,269 new Ordinary Shares, which took place at 8.00 am today. These include the shares relating to Weichai Power's investment of £17m for a 10% equity holding in the Company and £20m raised from new and existing shareholders. The issue of new shares was approved by shareholders at the General Meeting on 20 July 2018. \n \nThe Company is delighted to welcome Weichai as a shareholder and partner to the Company and looks forward to signing the further commercial agreements by 30 November 2018, which will trigger Weichai's second investment in the Company, at 16.45p, to reach an aggregate 20% equity holding.\n \n \nTotal Voting Rights\n \nFollowing the admission of the new ordinary shares, the Company's issued share capital will consist of 1,283,262,926 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 1,283,262,926.\n \nAccordingly, 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.\n \nDirectors' Interests and PDMR notification\n \nFollowing Admission, IP2IPO Portfolio (GP) Limited, a wholly owned as subsidiary of IP Group Plc and a person closely associated with Alan Aubrey, Chairman of the Ceres Power, will become the beneficial owner of 26,525,100 Ordinary Shares in the Company. This will increase IP2IPO Portfolio (GP) Limited shareholding to 284,063,394 Ordinary Shares which represents approximately 22.1 per cent of the issued ordinary share capital of the Company. \n \nThe notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.\n \n\n\n\n1\n\n\nDetails of the person discharging managerial responsibilities/person closely associated\n\n...