Ceres Power proposing raising 9.7m pounds through placing

Alternative energy company Ceres Power, is proposing to undertake a placing and open offer to raise up to approximately 9.7m pounds.

Alternative energy company Ceres Power, is proposing to undertake a placing and open offer to raise up to approximately 9.7m pounds.

This represents approximately £9.5m net of expenses in aggregate through the issue of up to 120.9m new ordinary shares in aggregate at 8.0p per new ordinary share.

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