London, June 30, 2026, 22:03 BST
- Ceres Power gained 7.44% to 509.50p and led the Hargreaves Lansdown delayed FTSE 250 risers. The FTSE 250 finished the day 0.01% lower.
- Ceres Power said in its June 30 RNS it had 213,797,576 voting shares outstanding and didn’t hold any shares in treasury.
- Ceres shares ended the day 10.6% under the 570p level from their June £103 million raise.
- The company brought in about £100 million in net proceeds. That’s against £83.3 million in cash and short-term investments it reported at Dec. 31, 2025.
Ceres Power Holdings plc (CWR:LON) climbed 35.30p to 509.50p on Tuesday, up 7.44% and leading Hargreaves Lansdown’s FTSE 250 risers list. The FTSE 250 closed at 23,013.45, off 1.40 points, or 0.01%.
The daily climb wasn’t the main issue for holders. The bigger move came after this month’s equity raise. Ceres put the share count at 213.8 million in its latest notice. The stock keeps trading below the 570p price set for the placing, retail and director buyers.
| Measure | Ceres on June 30 | Comparator |
|---|---|---|
| Share price | 509.50p | up 7.44% for the day |
| FTSE 250 | 23,013.45 | off 0.01% |
| Volume | 2.45 mln shares | average volume 3.09 mln |
| June raise price | 570p | 10.6% higher than Tuesday’s close |
| Equity value on new share count | £1.09 bln | £1.22 bln at 570p |
| Value gap versus raise price | £129 mln | using 213.8 mln shares |
Trading volume came in lighter than the price move. Google Finance had 2.45 million shares changing hands, roughly 21% below the average of 3.09 million. Shares still touched an intraday high of 516.50p.
Ceres on Tuesday put out an RNS updating voting rights, not a trading update. The filing said 3,171 share-plan shares were admitted this month. That’s on top of 18 million shares admitted June 12 after the raise. All 213,797,576 ordinary shares now have one vote each, the company said.
This is relevant for funds close to UK disclosure thresholds. The company said holders can use the number to check if they need to report any changes under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
| Ownership marker | Shares on new denominator |
|---|---|
| 1% | 2.14 mln |
| 3% | 6.41 mln |
| 5% | 10.69 mln |
| 10% | 21.38 mln |
Ceres pulled in £103 million gross by selling 18 million new shares at 570p apiece. That total comes from 17,788,949 shares placed, 180,000 through a retail offer, and 31,051 via director subscription. CEO Phil Caldwell said the money should help Ceres “capitalise on commercial momentum” and stay locked on “absolute focus on commercial execution.” Investegate
Investors who stuck with the June offering are under water after Tuesday’s close, with the shares finishing 60.5p under the placing price. That discount, on the bigger share count, wipes around £129 million from the company’s market value.
The new cash raise is big compared to Ceres’ last balance sheet. At the end of 2025, Ceres had £83.3 million in cash and short-term investments, posted a £47.5 million post-tax loss, and used £20.1 million in cash for operating activities. Net proceeds of about £100 million come out to around five times what Ceres spent on operating cash in 2025.
Ceres’ royalty revenue is still small. For 2025, the company reported £110,000 in royalties—just 0.34% of £32.6 million in total revenue. Caldwell said one partner had scaled output, which “unlock[ed] Ceres’ first royalties.” The company guided to about £45 million in contracted group revenue for 2026 before adding in new business, per its March update. Investegate
Ceres hasn’t put out any trading update since the June 30 voting rights notice on its RNS feed. Earlier, the company reported a June 12 admission and director dealing, a June 11 holding notice, and on June 10, the result of its capital raise.
