THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION IS UNLAWFUL. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER TO SELL OR ACQUIRE SECURITIES IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR IN ANY OTHER JURISDICTION.
Robert Bosch GmbH announces result of Reverse Accelerated Bookbuild to acquire shares in Ceres Power Holdings plc at a price of 320 pence per share
Following the announcement earlier today, Robert Bosch Investment Nederland B.V. ("Bosch", the "Purchaser"), a wholly owned subsidiary of Robert Bosch GmbH ("Bosch Group"), is pleased to confirm that it has purchased approximately 12.3 million ordinary shares of Ceres Power Holdings plc (AIM: CWR, "Ceres Power", the "Company") at a price of 320 pence per share via a reverse accelerated bookbuild ("RABB").
This RABB was executed in conjunction with a subscription by Bosch for new ordinary shares of Ceres Power (the "Primary Placing") announced in a separate announcement earlier today. The number of new ordinary shares to be issued pursuant to the Primary Placing is 11,888,070 representing approximately 7.7 per cent. of the Company's existing issued ordinary share capital.
On completion of the Primary Placing, and combined with the RABB and the previous holding by Bosch Group, the Bosch Group and its subsidiaries will hold a total of approximately 30.1 million ordinary shares in Ceres Power, equivalent to a holding of approximately 17.8% of the enlarged issued share capital (assuming Weichai Power exercises its anti-dilution rights).
Deutsche Bank AG ("Deutsche Bank") is acting as Sole Bookrunner for the RABB on behalf of Bosch.
For further information contact:
Robert Bosch GmbH
+49 711 811 55508
Deutsche Bank AG (Sole Bookrunner)
+44 (0) 20 7545 8000
This announcement and the information contained herein is not for release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States, Australia, Canada or Japan or any other jurisdiction in which such publication or distribution is unlawful. This announcement is for information purposes only and the information contained herein does not constitute or form part of an offer to buy, sell, issue, acquire or subscribe for, or the solicitation of an offer to buy, sell, issue, acquire or subscribe for, any securities in the United States, Australia, Canada, Japan or in any other jurisdiction, nor shall there be any offer, solicitation, sale or purchase of securities in any jurisdiction in which such offer, solicitation, sale or purchase would be unlawful. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdictions.
The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction.
Deutsche Bank AG is authorised under German Banking Law (competent authority: European Central Bank) and, in the United Kingdom, by the Prudential Regulation Authority. It is subject to supervision by the European Central Bank and by BaFin, Germany's Federal Financial Supervisory Authority, and is subject to limited regulation in the United Kingdom by the PRA and the FCA. Details about the extent of Deutsche Bank's authorisation and regulation by the PRA, and regulation by the FCA, are available on request.
Deutsche Bank is acting exclusively for Bosch and no other person in connection with the RABB. Deutsche Bank will not regard any other person as its client in relation to the RABB and will not be responsible to any other person for providing the protections afforded to its clients, nor for providing advice in relation to the contents of this announcement or any transaction, arrangement or other matter referred to herein (including, without limitation, the RABB).
Neither Deutsche Bank nor any of its affiliates nor any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to, the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to Bosch or the Company or any of its or their subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.
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