Holding(s) in Company
JPMorgan Chase & Co. has notified Ceres Power Holdings plc of a change in its major holding, crossing a threshold on December 11, 2025. The firm now holds a total of 5.103557% of voting rights, comprising 0.555743% directly attached to shares and 4.547814% through financial instruments, including a right to recall lent shares and various cash-settled equity swaps with expiration dates extending to July 2030. The total number of voting rights held amounts to 9,935,464.
Select text to share a quote on X · sign in to keep highlights & notes in your CWR notes
Issuer Details
ISIN
GB00BG5KQW09
Issuer Name
CERES POWER HOLDINGS PLC
UK or Non-UK Issuer
UK
Reason for Notification
An acquisition or disposal of voting rights
Details of person subject to the notification obligation
Name
JPMorgan Chase & Co.
City of registered office (if applicable)
Country of registered office (if applicable)
US
Details of the shareholder
| Name | City of registered office | Country of registered office |
J.P. Morgan Securities plc
Date on which the threshold was crossed or reached
11-Dec-2025
Date on which Issuer notified
15-Dec-2025
- 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 | 0.555743 | 4.547814 | 5.103557 | 9935464 |
| Position of previous notification (if applicable) | N/A | N/A | N/A | |
| 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 | 1081873 | 0.555743 | ||
| Sub Total 8.A | 1081873 | 0.555743% | ||
| 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 |
| Right to recall shares lent out | 7710200 | 3.960540 | ||
| Sub Total 8.B1 | 7710200 | 3.960540% | ||
- 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 |
|---|---|---|---|---|---|
| Cash-settled Equity Swap | 03/02/2026 | 03/02/2026 | Cash | 4473 | 0.002295 |
| Cash-settled Equity Swap | 02/04/2026 | 02/04/2026 | Cash | 2904 | 0.001489 |
| Cash-settled Equity Swap | 20/04/2026 | 20/04/2026 | Cash | 182000 | 0.093489 |
| Cash-settled Equity Swap | 28/04/2026 | 28/04/2026 | Cash | 630019 | 0.323616 |
| Cash-settled Equity Swap | 05/05/2026 | 05/05/2026 | Cash | 5237 | 0.002684 |
| Cash-settled Equity Swap | 04/08/2026 | 04/08/2026 | Cash | 8134 | 0.004171 |
| Cash-settled Equity Swap | 02/10/2026 | 02/10/2026 | Cash | 2103 | 0.001077 |
| Cash-settled Equity Swap | 03/11/2026 | 03/11/2026 | Cash | 5116 | 0.002625 |
| Cash-settled Equity Swap | 30/11/2026 | 30/11/2026 | Cash | 115600 | 0.059379 |
| Cash-settled Equity Swap | 02/12/2026 | 02/12/2026 | Cash | 22331 | 0.011470 |
| Cash-settled Equity Swap | 03/12/2026 | 03/12/2026 | Cash | 37717 | 0.019369 |
| Cash-settled Equity Swap | 07/12/2026 | 07/12/2026 | Cash | 50326 | 0.025848 |
| Cash-settled Equity Swap | 11/12/2026 | 11/12/2026 | Cash | 23613 | 0.012128 |
| Cash-settled Equity Swap | 19/01/2027 | 19/01/2027 | Cash | 418 | 0.000213 |
| Cash-settled Equity Swap | 04/06/2030 | 04/06/2030 | Cash | 8607 | 0.004418 |
| Cash-settled Equity Swap | 02/07/2030 | 02/07/2030 | Cash | 44793 | 0.023003 |
| Sub Total 8.B2 | 1143391 | 0.587274% |
- Information in relation to the person subject to the notification obligation
| 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 |
|---|---|---|---|---|
| JPMorgan Chase & Co. | J.P. Morgan Securities plc | 4.547814 | 5.103557% |
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
Additional Information
Chain of controlled undertakings:
JPMorgan Chase & Co.
JPMorgan Chase Bank, National Association (100%)
J.P. Morgan International Finance Limited (100%)
J.P. Morgan Capital Holdings Limited (100%)
J.P. Morgan Securities plc (100%)
Date of Completion
15-Dec-2025
Place Of Completion
London, United Kingdom
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.