25 January 2024
Ceres Power Holdings plc
("Ceres Power" or "the Company")
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB00BG5KQW09
Issuer Name
CERES POWER HOLDINGS PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
BNP Paribas Asset Management UK Limited
City of registered office (if applicable)
London
Country of registered office (if applicable)
United Kingdom
4. Details of the shareholder
| Name | City of registered office | Country of registered office |
| BNP PARIBAS ASSET MANAGEMENT Luxembourg S.A. | | |
5. Date on which the threshold was crossed or reached
23-Jan-2024
6. Date on which Issuer notified
25-Jan-2024
7. Total positions of person(s) subject to the notification obligation
|
| % of voting rights attached to shares (total of 8.A) | % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer |
| Resulting situation on the date on which threshold was crossed or reached | 4.916600 | 0.000000 | 4.916600 | 9487381 |
| Position of previous notification (if applicable) | 5.053700 | 0.000000 | 5.053700 | |
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
| Class/Type of shares ISIN code(if possible) | Number of direct voting rights (DTR5.1) | Number of indirect voting rights (DTR5.2.1) | % of direct voting rights (DTR5.1) | % of indirect voting rights (DTR5.2.1) |
| GB00BG5KQW09 | | 9487381 | | 4.916600 |
| Sub Total 8.A | 9487381 | 4.916600% | ||
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
| Type of financial instrument | Expiration date | Exercise/conversion period | Number of voting rights that may be acquired if the instrument is exercised/converted | % of voting rights |
| | | | | |
| Sub Total 8.B1 | | | | |
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
| Type of financial instrument | Expiration date | Exercise/conversion period | Physical or cash settlement | Number of voting rights | % of voting rights |
| | | | | | |
| Sub Total 8.B2 | | | | ||
9. Information in relation to the person subject to the notification obligation
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)
| Ultimate controlling person | Name of controlled undertaking | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | BNP PARIBAS ASSET MANAGEMENT Luxembourg S.A. | | | |
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
This notification has been submitted to inform you of a sale of voting rights. The current holdings is 4.9166%, with the following percentage detail of total voting rights under BNP PARIBAS ASSET MANAGEMENT Holding S.A.:
BNP PARIBAS ASSET MANAGEMENT UK Limited is exercising 4.9166% for BNP PARIBAS ASSET MANAGEMENT Luxembourg S.A. with legal personalities.
12. Date of Completion
25-Jan-2024
13. Place Of Completion
London, UK
For further information visit www.ceres.tech or contact:
| Ceres Power Holdings plc Marianne Millard, Deputy Company Secretary
| Tel: +44 7752 470802 |
| FTI Consulting (PR Adviser) Dwight Burden | Tel: +44 (0)203 727 1000 |
About Ceres Power
Ceres is a leading developer of clean energy technology; electrolysis for the creation of green hydrogen and fuel cells for power generation. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest companies, such as Bosch, Doosan, Shell and Weichai. Ceres' solid oxide platform technology supports greater electrification of our energy systems and produces green hydrogen at high-efficiencies as a route to decarbonise emissions-intensive industries such as steelmaking, cement and future fuels. Ceres is listed on the London Stock Exchange ("LSE") (LSE: CWR) and is classified by the LSE Green Economy Mark, which recognises listed companies that derive more than 50% of their activity from the green economy.
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