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Ceres Power Holdings PLC

Weichai Power invests further £1mln in Ceres Power to keep stake at 10%

As a result of the increase in Ceres’ share capital following the Bosch’s recent equity investment, Weichai Power has stumped up a further £1mln for 663,740 shares to maintain its holding at 10%

pound coins and pound notes
The number of Ceres shares in circulation now stands at 135,001,693

Ceres Power Holdings PLC (LON:CWR) has confirmed that one of its largest shareholders has paid up £1mln to keep its overall shareholding at 10%.

As a result of Bosch’s £9mln investment at the end of September, Weichai Power’s stake in the AIM-quoted fuel cell developer fell slightly.

READ: Ceres unveils collaboration deal with Bosch

It agreed with Ceres that it would buy 664,000 new shares at 150.8p apiece to top-up its investment and maintain its 10% holding.

The funds have been received and the shares issued, Ceres confirmed on Friday.

Quick facts: Ceres Power Holdings PLC

Price: 212 GBX

Market: LSE
Market Cap: £324.63 m
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