Ceres Power Regulatory News (CWR)

4 November 2019

Ceres Power Holdings plc (AIM:CWR)

Change of auditor

Ceres Power Holdings plc (the "Company") announces that, following the conclusion of a formal tender process led by the Company's Audit Committee, the Board has approved the proposed appointment of BDO LLP as the Company's auditor for the financial year ending 30 June 2020. BDO's appointment will be subject to approval by the Company's shareholders at the Annual General Meeting to be held on 4 December 2019.

KPMG LLP, the Company's current auditor, has resigned and has confirmed that there are no matters connected with it ceasing to hold office that should be brought to the attention of the members or creditors of the Company. 

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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 SteelCell® technology generates power from widely available fuels such as natural gas and future fuels such as hydrogen enabling a transition from low to zero carbon power generation at high efficiency. The SteelCell® is manufactured using standard processing equipment and conventional materials such as steel, meaning that it can be mass produced at an affordable price. Ceres Power offers its partners the opportunity to develop power systems and products using its unique technology and know-how, as well as the opportunity to manufacture the SteelCell® in volume.