Ceres Power Regulatory News (CWR)

1 Feb 2008 12:13

Ceres Power Holdings plc01 February 2008 For immediate release1 February 2008 Ceres Power Holdings plc ("Ceres" or the "Company") Result of Meeting and Issue of Equity Further to the Company's announcement of 14 January 2008 that it had enteredinto a subscription agreement and a development, supply and distributionagreement with certain members of the Centrica plc group on 12 January 2008, theCompany announces that the special resolution of the Company's shareholdersrequired in order to complete both of these agreements was proposed at today'sGeneral Meeting of the Company and was duly passed on a show of hands by therequisite majority. Consequently, in accordance with the terms of the subscription agreement, theCompany will allot and issue a total of 6,671,838 new Ordinary Shares of 5 penceeach ("New Shares") to GB Gas Holdings Limited ("GB Gas"), a wholly ownedsubsidiary of Centrica plc, upon receipt by the Company of the sum of£20,015,514, being the aggregate subscription amount due on the New Shares atthe subscription price of £3.00 per share. The allotment and issue is expectedto take place on 6 February 2008. Application will shortly be made for the New Shares to be admitted to trading onAIM, which, subject to the allotment and issue taking place on or before 6February 2008, is expected to occur on 7 February 2008. For further information contact: Matt Stride, Company Secretary +44 (0) 1293 400 404 This information is provided by RNS The company news service from the London Stock Exchange