1 May
2024
CEPS PLC
("CEPS" or the "Company")
Share Capital Reduction
and
Cancellation of the Share
Premium Account
Further to the announcement released
by the Company on 1 March 2024, concerning the proposed share
capital reduction and proposed cancellation of the share premium
account, the Company confirms that on 30 April 2024, an order of
the High Court of Justice, Chancery Division confirmed the
reduction of the share capital in the Company and the cancellation
of its share premium account, which was approved by a special
resolution of the Company passed on 20
March 2024. As a result, following the share capital
reduction becoming effective, which is expected to take place on 2
May 2024 when the order has been registered by the Registrar of
Companies, the nominal amount of each ordinary share in issue in
the Company of £0.10 will be reduced by £0.097 to
£0.003.
This announcement contains inside
information for the purposes of Article 7 of EU Regulation 596/2014
(which forms part of domestic UK law pursuant to the European Union
(Withdrawal) Act 2018).
The Directors of the Company accept
responsibility for the content of this announcement.
Enquiries
|
CEPS PLC
Vivien Langford, Group Finance
Director
|
+44 1225 483030
|
|
Cairn Financial Advisers LLP
James Caithie / Sandy Jamieson / Emily Staples
|
+44 20 7213 0880
|
Caution regarding forward looking statements
Certain statements in this
announcement, are, or may be deemed to be, forward looking
statements. Forward looking statements are identified by their
use of terms and phrases such as ''believe'', ''could'', "should"
''envisage'', ''estimate'', ''intend'', ''may'', ''plan'',
''potentially'', "expect", ''will'' or the negative of those,
variations or comparable expressions, including references to
assumptions. These forward-looking statements are not based
on historical facts but rather on the Directors' current
expectations and assumptions regarding the Company's future growth,
results of operations, performance, future capital and other
expenditures (including the amount, nature and sources of funding
thereof), competitive advantages, business prospects and
opportunities. Such forward looking statements reflect the
Directors' current beliefs and assumptions and are based on
information currently available to the Directors.