Last checked at 17 Oct 2013 17:15
Ceres Power Holdings plc ("Ceres" or the "Company")
Change of significant shareholder ownership with Lock-Up Deed maintained
ORA Capital Partners Limited ("ORA") has announced that the distribution to its shareholders of its 28.2% interest in the issued share capital of Ceres (as previously held through its wholly owned subsidiary ORA (Guernsey) Limited) completed today 17 October 2013. This comprises part of the distribution in specie by ORA of its entire quoted portfolio company equity holdings, following shareholder approval at the ORA General Meeting on 14 October 2013.
A Lock-Up Deed was put in place between ORA (Guernsey) and Ceres Power in December 2012, whereby ORA (Guernsey) agreed not to dispose of the shares it acquired in the Placing in December 2012 until 17 December 2013. The Ceres Power Board has consented to release ORA (Guernsey) from the Deed, however replacement Lock-Up Deeds have been put in place with the largest shareholders of ORA representing 93.3% of its holding in Ceres.
Consequent to the above distribution by ORA, Ceres has today also been notified of the following change in interests in the issued share capital of the Company:
Shares received as part of distribution in specie by ORA | Resultant interest in shares of the Company | Resultant % of issued share capital of the Company | ||
*Richard Griffiths | 123,654,360 | 123,654,360 | 23.03% | |
*Included within Richard Griffiths' 23.03% interest in the Company is a 21.98% holding by Blake Holdings Limited, which is controlled by him.
For further information contact:
Ceres Power Holdings plc | Tel. +44 (0)1403 273463 |
Phil Caldwell, Chief Executive | |
Richard Preston, Finance Director | |
Nplus1 Singer Advisory LLP | Tel. +44 (0) 20 7496 3000 |
Andrew Craig/Ben Wright | |
Tavistock Communications Mike Bartlett / James Collins | Tel. +44 (0) 20 7920 3150 |