RNS
Number : 8916N
Ceres Power Holdings
plc
04
October 2012
4 October
2012
For
immediate release
Not for
release, publication or distribution, directly or indirectly, in whole or in
part in, into, or from, any jurisdiction where to do the same would constitute
a violation of the relevant laws of such jurisdiction.
Ceres
Power Holdings plc
("Ceres",
"Ceres Power" or "the Company
")
")
Funding
Update
Following
recent announcements regarding Ceres' funding requirements, the Company
announces that, despite extensive efforts it has been unsuccessful in securing
sufficient funding for the business going
forward. The Company will continue to explore all strategic options including a
sale of the business, cancellation of the listing and in the absence of any
alternative proposals commencement of an orderly wind down of the business. A
further announcement will be made in due course.
going
forward. The Company will continue to explore all strategic options including a
sale of the business, cancellation of the listing and in the absence of any
alternative proposals commencement of an orderly wind down of the business. A
further announcement will be made in due course.