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CWR Ceres Power Holdings Plc

142.50
-1.10 (-0.77%)
Last Updated: 11:36:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ceres Power Holdings Plc LSE:CWR London Ordinary Share GB00BG5KQW09 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.10 -0.77% 142.50 142.10 143.50 146.10 140.20 145.50 96,155 11:36:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electric & Other Serv Comb 22.13M -45.12M -0.2339 -6.07 273.78M

Ceres Power Holdings plc Holding(s) in Company (6070W)

10/02/2017 10:26am

UK Regulatory


TIDMCWR TIDMIPO

RNS Number : 6070W

Ceres Power Holdings plc

10 February 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or                                      Ceres Power Holdings plc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-----------------------------------------------------------  ----------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
------------------------------------------------------------------------------------------------ 
 An acquisition or disposal of voting rights 
-------------------------------------------------------------  --------------------------------- 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
-------------------------------------------------------------  --------------------------------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
-------------------------------------------------------------  --------------------------------- 
 An event changing the breakdown of voting rights 
-------------------------------------------------------------  --------------------------------- 
 Other (please specify): Acquisition of Parkwalk                               x 
  Advisors Limited by IP Group plc 
-------------------------------------------------------------  --------------------------------- 
 3. Full name of person(s)                                              IP Group plc 
  subject to the 
  notification obligation: 
  (iii) 
---------------------------------------------------------  ------------------------------------- 
 4. Full name of shareholder(s)                                        See section 9 
  (if different from 3.):(iv) 
---------------------------------------------------------  ------------------------------------- 
 5. Date of the transaction                                           1 February 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  ------------------------------------- 
 6. Date on which issuer                                              9 February 2017 
  notified: 
---------------------------------------------------------  ------------------------------------- 
 7. Threshold(s) that is/are                                    Direct interests: unchanged 
  crossed or                                                   Indirect interests: <3% reached 
  reached: (vi, vii)                                            Combined direct and indirect 
                                                                   interests: 27% reached 
---------------------------------------------------------  ------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------ 
 Class/type     Situation previous                  Resulting situation after the 
  of             to the triggering                   triggering transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  ----------------------------------  --------------------------------------------------------------------- 
                Number            Number            Number          Number of voting              % of voting 
                 of                of                of shares       rights                        rights (x) 
                 Shares            Voting 
                                   Rights 
-------------  ----------------  ----------------  --------------  ----------------------------  ----------------------- 
                                                    Direct          Direct          Indirect      Direct      Indirect 
                                                                     (xi)            (xii) 
-------------      ------------    ------------    --------------  --------------  ------------  ----------  ----------- 
 Ordinary 
  1p            257,538,294       257,538,294       257,538,294     257,538,294     16,571,428    25.55%      1.64% 
               ----------------  ----------------  --------------  --------------  ------------  ----------  ----------- 
 GB00B0351429 
-------------      ------------    ------------      ------------    ------------  ------------    --------  ----------- 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------ 
 Type of            Expiration      Exercise/                         Number of voting              % of voting 
 financial           date            Conversion Period                 rights that                   rights 
 instrument          (xiii)          (xiv)                             may be 
                                                                       acquired if 
                                                                       the 
                                                                       instrument 
                                                                       is 
                                                                       exercised/ 
                                                                       converted. 
-----------------  --------------  --------------------------------  ----------------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------ 
 Type of          Exercise        Expiration      Exercise/         Number of voting              % of voting 
  financial        price          date            Conversion         rights instrument             rights (xix, 
  instrument                      (xvii)          period             refers to                     xx) 
                                                  (xviii) 
---------------  --------------  --------------  ----------------  ----------------------------  ----------------------- 
                                                                                                  Nominal     Delta 
---------------  --------------  --------------  ----------------  ----------------------------  ----------  ----------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                              Percentage of voting rights 
---------------------------------------------------  ------------------------------------------------------------------- 
 274,109,722                                          27.19% 
---------------------------------------------------  ------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which 
  the voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------------------ 
 
   Direct interests: 
 
   IP2IPO Limited: 257,538,294 
 
   IP2IPO Limited is a 100%-owned subsidiary of IP Group 
   plc. 
 
   Indirect interests: 
 
   Share Nominees Limited: 16,571,428 
 
   Share Nominees Limited is the legal nominee for shares 
   owned by investors in certain Parkwalk Advisors Limited 
   ("Parkwalk") EIS funds. Parkwalk has the discretion 
   to instruct Share Nominees Limited to exercise the 
   voting and other rights attaching to such shares. 
   Parkwalk is a 100%-owned subsidiary of IP Group plc 
   following its acquisition on 1 February 2017. 
 
 Proxy Voting: 
------------------------------------------------------------------------------------------------ 
 10. Name of the proxy holder: 
-------------------------------------------------------------  --------------------------------- 
 11. Number of voting rights proxy 
  holder will cease to hold: 
-------------------------------------------------------------  --------------------------------- 
 12. Date on which proxy holder will 
  cease to hold voting rights: 
-------------------------------------------------------------  --------------------------------- 
 
 13. Additional information:                                       This notification relates 
                                                                 to the acquisition of Parkwalk 
                                                                  Advisors Limited by IP Group 
                                                                              plc. 
 
                                                                Based on 1,008,040,924 Ordinary 
                                                                        Shares in issue 
-------------------------------------------------------------  --------------------------------- 
 14. Contact name:                                                         Greg Smith 
-------------------------------------------------------------  --------------------------------- 
 15. Contact telephone number:                                            02074440050 
-------------------------------------------------------------  --------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLURURRBSAUAAR

(END) Dow Jones Newswires

February 10, 2017 05:26 ET (10:26 GMT)

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