Business
Statement re: Bosch holding increase
Statement re: Bosch holding increase.
About this update from Ceres Power Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 5976A Ceres Power Holdings plc 22 January 2020 \n\n22/01/2020 \n \nCeres Power Holdings plc\n \nStatement re: Bosch holding increase\n \nHorsham, UK: Following the announcement made at 07.00 on 22 January, Ceres Power Holdings plc (AIM: CWR, \"Ceres\", \"the Company\"), a world-leading developer of low cost, next generation solid oxide fuel cell (SOFC) technology, is pleased to confirm that Robert Bosch GmbH (\"Bosch\") has increased its equity shareholding in Ceres from c.4% to c.18% through a combination of new and existing Ceres shares. \n \nThe investment by Bosch in the new Ceres shares has raised gross proceeds of £38.0m for Ceres which will provide sufficient capital for the Company to both consolidate its position as a leader in fuel cell systems and also expand its technology into complementary areas including potential solid oxide electrolysis applications.\n \nA call for investors and analysts will take place at 11.30 this morning. A presentation outlining the transaction is available for download from https://www.cerespower.com/media/1766/bosch-increases-its-stake-in-ceres.pdf. \n \nPlease register for the call via https://www.speakservecloud.com/register-for-call/12778c3d-7cbb-47f1-a3ba-d32a2111d5a1, after which you will be sent a unique participation pin. To then access the call please dial 0800 408 7373, enter the room number 053573 and the participation pin.\n \n Ends\n \n \nFor further information please contact:\n \n\n\n\nCeres Power Holdings plc\nElizabeth Skerritt, Director of Communications \n\n\nTel: +44 (0)1403 273 463\n\n\n\n\n\n\n\n\n\n\n\n\nInvestec Bank plc (Nominated Adviser and Broker to Ceres)\nJeremy Ellis / Patrick Robb / Ben Griffiths\n\n\nTel: +44 (0)20 7597...