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LONDON - Robert Bosch (NSE:BOSH) GmbH and its wholly owned subsidiary Robert Bosch Investment Nederland B.V. have agreed to sell 6,394,765 ordinary shares in Ceres Power Holdings PLC, representing 3.3% of the company’s existing issued share capital, according to a press release issued Monday.
The shares are being sold at £0.94 per share to a single institutional investor, with the transaction expected to complete on July 9, 2025.
The Bosch Group currently owns 33,790,880 ordinary shares in Ceres Power, representing approximately 17.4% of the company’s existing issued ordinary share capital. Following the sale, Bosch’s ownership will decrease to 27,396,115 shares, or about 14.1% of Ceres Power’s existing issued ordinary share capital.
The remaining shares held by Bosch Group after the sale will be subject to a 60-day lock-up period following completion of the transaction, subject to waiver by Deutsche Numis, which is acting as the financial advisor for the transaction.
Ceres Power will not receive any proceeds from the sale, the press release stated.
Deutsche Bank AG (ETR:DBKGn) is acting exclusively for the Bosch Group in connection with the sale and related matters.
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