Business
Centrica deal approved
Centrica deal approved.
About this update from Ceres Power Holdings Plc
[{"type":"text","content":"\n Ceres Power Holdings plc\n01 February 2008\n\n\nFor immediate release\n1 February 2008\n\n\nCeres Power Holdings plc ('Ceres' or the 'Company')\n\n\nResult of Meeting and Issue of Equity\n\nFurther to the Company's announcement of 14 January 2008 that it had entered\ninto a subscription agreement and a development, supply and distribution\nagreement with certain members of the Centrica plc group on 12 January 2008, the\nCompany announces that the special resolution of the Company's shareholders\nrequired in order to complete both of these agreements was proposed at today's\nGeneral Meeting of the Company and was duly passed on a show of hands by the\nrequisite majority.\n\nConsequently, in accordance with the terms of the subscription agreement, the\nCompany will allot and issue a total of 6,671,838 new Ordinary Shares of 5 pence\neach ('New Shares') to GB Gas Holdings Limited ('GB Gas'), a wholly owned\nsubsidiary of Centrica plc, upon receipt by the Company of the sum of\n£20,015,514, being the aggregate subscription amount due on the New Shares at\nthe subscription price of £3.00 per share. The allotment and issue is expected\nto take place on 6 February 2008.\n\nApplication will shortly be made for the New Shares to be admitted to trading on\nAIM, which, subject to the allotment and issue taking place on or before 6\nFebruary 2008, is expected to occur on 7 February 2008.\n\n\nFor further information contact:\n\nMatt Stride, Company Secretary +44 (0) 1293 400 404\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1803,"tagName":"div"}]