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%
Power Holdings PLC () 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.
It agreed with 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.
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