Stake Transaction

On 15 November 2023, the ownership control structure of CERULEAN WINDS BEECH PROJECT LIMITED changed as recorded in Companies House filings. A PSC07 filing shows the cessation of Frontier Power International Limited as a person with significant control (PSC) of the company with effect from that date, while a PSC05 filing records a change of details for Cerulean Winds (Ukcs) Limited as a PSC, also effective on 15 November 2023. These paired filings indicate that Frontier Power International Limited no longer held a controlling interest from that point, with control consolidated or restructured around Cerulean Winds (Ukcs) Limited. The mechanism for this change is documented through the UK statutory PSC regime, which requires companies to notify Companies House when there is a change in who exercises significant influence or control, such as a major shareholding or voting control. Both PSC forms were submitted and recorded by Companies House on 19 November 2023, providing the official timestamp of the reporting, while clearly specifying 15 November 2023 as the effective date of the change. This marks a notable shift in the controlling ownership interest of the Cerulean Beech project’s dedicated project company and has implications for future governance, decision‑making, and strategic direction as the project continues through its early development phase under the revised control structure.