6th Oct 2025 07:00
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; An acquisition or disposal of financial instruments
3. Details of person subject to the notification obligation
Name
Covalis Capital LLP
City of registered office (if applicable)
Country of registered office (if applicable)
GB
4. Details of the shareholder
Name | City of registered office | Country of registered office |
Funds and accounts managed by Covalis Capital LLP |
5. Date on which the threshold was crossed or reached
01-Oct-2025
6. Date on which Issuer notified
03-Oct-2025
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 | 0.140000 | 9.560000 | 9.700000 | 18806603 |
Position of previous notification (if applicable) |
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 | 273728 | 0.140000 | ||
Sub Total 8.A | 273728 | 0.140000% | ||
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 |
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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 |
Contract for differences | Cash | 18532875 | 9.560000 | ||
Sub Total 8.B2 | 18532875 | 9.560000% | |||
9. Information in relation to the person subject to the notification obligation
2. 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 |
Zilvinas Mecelis | ||||
Zilvinas Mecelis | IGE Investments Limited | |||
Zilvinas Mecelis | Covalis Capital GP Limited | |||
Zilvinas Mecelis | Covalis Capital LP | |||
Zilvinas Mecelis | Covalis Capital (Cayman) Limited | |||
Zilvinas Mecelis | Covalis Capital (UK) Limited | |||
Zilvinas Mecelis | Covalis Capital LLP |
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
Covalis Capital LLP expressly disclaims beneficial ownership of the shares held by the funds and managed accounts.
12. Date of Completion
03-Oct-2025
13. Place Of Completion
United Kingdom
For further information visit www.ceres.tech or contact:
Ceres Power Holdings plc Dominic Murray (Company Secretary)
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Tel: +44 (0)7526 196529
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MHP Group (PR Adviser) James McFarlane/Matthew Taylor/Hugo Harris | Tel: +44 (0)7827662831 Email: [email protected] | |
About Ceres
Ceres is a leading developer of clean energy technology: fuel cells for power generation and electrolysers for the production of green hydrogen. Its asset-light, licensing model has seen it establish partnerships with some of the world's largest companies, such as Doosan, Delta, Denso, Shell, Weichai and Thermax. Ceres' solid oxide 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, ammonia 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. Read more on our website www.ceres.tech or follow us on LinkedIn.
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