17th Oct 2013 16:51
LONDON (Alliance News) - Fuel-cell technology group Ceres Power Holdings PLC said Thursday that Richard Griffiths holds 123.7 million shares, 23.03% of the total, following a distribution of Ceres shares owned by ORA Capital Partners Limited to ORA shareholders.
Griffiths is executive chairman of ORA.
ORA had held 28.2% of Ceres after acquiring shares as part of a Ceres share placement in December 2012. ORA had agreed to not dispose of the Ceres shares until December 17, but Ceres said it had agreed to replace that lock-in with new lock-in agreements directly with the largest shareholders of ORA, representing 93.3% of ORA's holding in Ceres.
Included in Griffiths' holding in Ceres is a 21.98% holding by Blake Holdings Limited, which is controlled by him, Ceres said.
Ceres shares closed down 3.4% Thursday at 8.33 pence per share.
By Tom Waite; [email protected]; @thomaslwaite
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