TIDMCEPS
RNS Number : 0766M
CEPS PLC
17 September 2021
17 September 2021
CEPS PLC
("CEPS" or the "Company")
Result of Placing
Total Voting Rights
Result of Placing
Pursuant to the announcement on 16 September 2021 made by the
Company regarding a proposed placing ("Placing"), the Company is
pleased to announce that it has successfully placed 4,000,000 new
ordinary shares at a price of 40 pence per share ("Placing Price")
to raise gross proceeds of GBP1,600,000 (approximately GBP 1.58
million net of expenses) with a number of investors. These include
David Horner, Vivien Langford and David Johnson (Directors of CEPS)
and Chelverton Growth Trust plc (a Substantial Shareholder, as
defined in the AIM Rules for Companies) all of which are the
Related Parties as identified in the Company's announcement of 16
September 2021. PDMR notification forms for the CEPS directors who
participated in the Placing have been included as an appendix to
this announcement. The Placing is being conducted at a 16.7%
discount to the closing middle market price per ordinary share of
10 pence each in the issued share capital of CEPS ("Ordinary
Share") on 16 September 2021, being 48 pence and which is at a
discount of approximately 1.9% to the average mid- market price of
a CEPS Ordinary Share for the 30 business days ended 16 September
2021. The gross proceeds of the Placing, excluding the subscription
by David Horner, are GBP1,041,924 and together with the exclusion
of expenses, are approximately GBP1,022,874.
The payment for Placing Shares in respect of the subscription of
GBP558,076 by David Horner was effected by the release by him of
part of a loan made by him to the Company at the Placing Price.
Following the Placing the quantum of the loan facility remaining
between David Horner and the Company is now GBP191,924.
Application for Admission to AIM
Application will today be made to the London Stock Exchange to
admit the Placing Shares to trading on AIM and admission is
expected to occur on or around 24 September 2021. The Placing
Shares will when issued rank pari passu with the Company's existing
ordinary shares of 10 pence each.
Total Voting Rights
Following the issue of the Placing Shares, the enlarged issued
share capital of the Company will comprise 21,000,000 Ordinary
Shares, each with one voting right. The Company does not hold any
Ordinary Shares in treasury. Therefore, the total number of voting
rights in the Company will be 21,000,000.
The above figure of 21,000,000 should be used by shareholders in
the Company as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the share capital of the Company
under the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.
Directors' Dealings
The final confirmed participation of David Horner, David
Johnson, and Vivien Langford, directors of the Company, in the
Placing is as set out in the table below.
Director Ordinary Number of Value Ordinary % of Enlarged
Shares in Placing of Placing Shares in Share Capital
which the Shares subscribed Shares which the
Placee was for subscribed Placee is
interested for interested
prior to following
the Placing the Placing
David Horner(1) 4,903,810 1,395,190 GBP558,076.00 6,299,000 29.995%
------------- ------------------- -------------- ------------- ---------------
David Johnson 97,000 153,000 GBP61,200.00 250,000 1.190%
------------- ------------------- -------------- ------------- ---------------
Vivien Langford 41,667 108,333 GBP43,333.20 150,000 0.714%
------------- ------------------- -------------- ------------- ---------------
(1.) David A Horner's existing shareholding is held through
Charles Stanley & Co Ltd and Rock (Nominees) Ltd on behalf of
David A Horner and close family members (1,477,838 Ordinary
Shares), by David A Horner personally (2,225,972 Ordinary Shares)
and by Mary C Horner (1,000,000 Ordinary Shares).
The final confirmed participation of Chelverton Growth Trust
plc, a substantial shareholder (as defined in the AIM Rules) in the
Placing is as set out in the table below.
Substantial Ordinary Number of Value of Ordinary % of Enlarged
Shareholder Shares in Placing Placing Shares in Share Capital
which the Shares subscribed Shares which the
Placee is for subscribed Placee is
interested for interested
prior to following
the Placing the Placing
Chelverton
Growth Trust
plc(1) 5,060,000 400,301 GBP160,120.40 5,460,301 26.001%
------------- ------------------- -------------- ------------- ---------------
(1) Chelverton Growth Trust Plc's existing shareholding is held
through Jim Nominees Ltd. The Placing Shares subscribed for will be
held through Jim Nominees Ltd
Related Party Transactions
The proposed subscriptions for Placing Shares by David Horner,
David Johnson, Vivien Langford and Chelverton Growth Trust plc
constitute related party transactions as defined by the AIM Rules.
The Independent Director of the Company in relation to these
transactions is Geoff Martin. The Independent Director of the
Company considers, having consulted with Cairn Financial Advisers
LLP, the Company's nominated adviser, that the terms of the
transaction are fair and reasonable insofar as the Company's
shareholders are concerned.
The proposed payment for Placing Shares in respect of the
subscription of GBP558,076 by David Horner being effected by the
release by him of part of a loan made by him to the Company, at 40
pence per Ordinary Share (being the Placing Price) constitutes a
related party transaction as defined by the AIM Rules. The
Independent Director of the Company in relation to this transaction
is Geoff Martin. The Independent Director of the Company considers,
having consulted with Cairn Financial Advisers LLP, the Company's
nominated adviser, that the terms of the transaction are fair and
reasonable insofar as the Company's shareholders are concerned.
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
/
Ludovico Lazzaretti +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
identi ed 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 re ect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors .
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
---- ------------------------------------------------------------------------------------
a. Name David Horner
-------------------------------------------------------
2 Reason for notification
--------------------------- -------------------------------------------------------
a. Position/Status Chairman of CEPS plc
--------------------------- -------------------------------------------------------
b. Initial notification/ Initial notification
Amendment
--------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a. Name CEPS plc
---------------------------
b. LEI 213800OL8W8NIPSMFN59
--------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
------------------------------------------------------------------------------------
a. Description of Ordinary Shares of 10pence
the financial
instrument, type
of instrument
GB00B86TNX04
Identification
Code
--------------------------- -------------------------------------------------------
b. Nature of the Acquisition of Shares
transaction
--------------------------- -------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
--------------------------- ------------
40 pence 1,395,190
-------------------------------------------------- -----------
d. Aggregated information
- Aggregated Volume
- Price GBP558,076.00
--------------------------- -------------------------------------------------------
e. Date of the transaction 17 September 2021
--------------------------- -------------------------------------------------------
f. Place of the transaction AIM
--------------------------- -------------------------------------------------------
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
---- ------------------------------------------------------------------------------------
a. Name David Johnson
-------------------------------------------------------
2 Reason for notification
--------------------------- -------------------------------------------------------
a. Position/Status Director of CEPS plc
--------------------------- -------------------------------------------------------
b. Initial notification/ Initial notification
Amendment
--------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a. Name CEPS plc
---------------------------
b. LEI 213800OL8W8NIPSMFN59
--------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
------------------------------------------------------------------------------------
a. Description of Ordinary Shares of 10pence
the financial
instrument, type
of instrument
GB00B86TNX04
Identification
Code
--------------------------- -------------------------------------------------------
b. Nature of the Acquisition of Shares
transaction
--------------------------- -------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
--------------------------- ------------
40 pence 153,000
-------------------------------------------------- -----------
d. Aggregated information
- Aggregated Volume
- Price GBP61,200.00
--------------------------- -------------------------------------------------------
e. Date of the transaction 17 September 2021
--------------------------- -------------------------------------------------------
f. Place of the transaction AIM
--------------------------- -------------------------------------------------------
Notification of a Transaction pursuant to Article 19(1) of Regulation
(EU) No. 596/2014
1 Details of the person discharging managerial responsibilities/person
closely associated
---- ------------------------------------------------------------------------------------
a. Name Vivien Langford
-------------------------------------------------------
2 Reason for notification
--------------------------- -------------------------------------------------------
a. Position/Status Director of CEPS plc
--------------------------- -------------------------------------------------------
b. Initial notification/ Initial notification
Amendment
--------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------------
a. Name CEPS plc
---------------------------
b. LEI 213800OL8W8NIPSMFN59
--------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
------------------------------------------------------------------------------------
a. Description of Ordinary Shares of 10pence
the financial
instrument, type
of instrument
GB00B86TNX04
Identification
Code
--------------------------- -------------------------------------------------------
b. Nature of the Acquisition of Shares
transaction
--------------------------- -------------------------------------------------------
c. Price(s) and volume(s) Price(s) Volume(s)
--------------------------- ------------
40 pence 108,333
-------------------------------------------------- -----------
d. Aggregated information
- Aggregated Volume
- Price GBP43,333.20
--------------------------- -------------------------------------------------------
e. Date of the transaction 17 September 2021
--------------------------- -------------------------------------------------------
f. Place of the transaction AIM
--------------------------- -------------------------------------------------------
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END
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(END) Dow Jones Newswires
September 17, 2021 01:59 ET (05:59 GMT)
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