viewCeres 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: 492.5 GBX

Market: LSE
Market Cap: £840.33 m


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Ceres Power Holdings PLC named herein, including the promotion by the Company of Ceres Power Holdings PLC in any Content on the Site, the...



Full interview: Ceres Power eyes expansion following new Bosch deal

This month German engineering firm Bosch increased its stake in Ceres Power Holdings (LON:CWR) to around 18% from 4% following a share subscription, netting Ceres £38mln. It was Bosch that approached Ceres too, pinpointing Ceres steel fuel cell technology as potentially the best in the...

on 24/1/20

2 min read