Sale Of Ordinary Shares In Ceres Power
Bosch Group selling 3.3% stake in Ceres Power to institutional investor at £0.94 per share.
- Shares being sold 6,394,765 ordinary shares
- Sale price per share £0.94
- Stake being sold 3.3%
- Bosch Group stake after sale 14.1%
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Robert Bosch GmbH ("Bosch GmbH"), together with its wholly owned subsidiary Robert Bosch Investment Nederland B.V. ("Bosch Investment Nederland B.V.", together with Bosch GmbH, the "Bosch Group"), today announces that it has agreed to sell, subject to completion, 6,394,765 ordinary shares of £0.10 each in the share capital of Ceres (the "Ordinary Shares"), representing 3.3% of Ceres' existing issued Ordinary Share capital, at a price of £0.94 per Ordinary Share to a single institutional investor (the "Sale").
Completion of the Sale is expected to take place on 9 July 2025.
Bosch Group currently owns 33,790,880 Ordinary Shares, representing approximately 17.4% of Ceres' existing issued ordinary share capital. Following the Sale, the Bosch Group will own 27,396,115 Ordinary Shares representing approximately 14.1% of Ceres' existing issued Ordinary Share capital (the "Retained Shares").
The Retained Shares held by the Bosch Group following the Sale will be subject to a lock-up which ends 60 days following completion of the Sale (subject to waiver by Deutsche Bank Aktiengesellschaft (which is trading for these purposes as 'Deutsche Numis') ("Deutsche Numis")).
Ceres will not receive any proceeds from the Sale.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.