REG - CEPS PLC - Directorate Change

CepsAnnouncement

26/07/2024 07:00

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RNS Number : 8695X  CEPS PLC  26 July 2024

26 July 2024

CEPS PLC

 

 ("CEPS" or the "Company")

 

Appointment of Director

 

 

CEPS is pleased to announce the appointment of Mr Kevin John Allen as a
Non-Executive Director of the Company and Chairman of the Audit Committee and
member of the Remuneration Committee with immediate effect.

 

Mr Allen is a qualified accountant with over 30 years' experience working as a
director in both public and private companies across a range of sectors.  Mr
Allen currently serves as a director at Bovingdon Aviation Ltd, his family
consultancy vehicle since 2017 (also previously from 2012 to 2015).  He was
also a director and chairman at Chelverton Growth Trust PLC ("CGT") between
November 1994 and November 2023.  CGT is currently in the process of
undergoing a members' voluntary liquidation which commenced in November
2023.  Mr Allen was a director at Bakabo PLC from 2002 to 2010, director at
Globalwave Group PLC from 2000 to 2002, Chief Financial Officer at Brockbank
Group PLC from 1994 to 2000 and a similar role at Kellock Ventures Ltd from
1991 to 1993.

 

Mr Allen graduated from Imperial College London in 1977 with a BSc(Eng) in
Mechanical Engineering following which he was employed at
PricewaterhouseCoopers, qualifying as a chartered accountant and admitted to
the Institute of Chartered Accountants in England & Wales (ICAEW) in
1980.  Mr Allen is also a qualified commercial pilot having gained his
Commercial Pilots Licence (CPL) in 2004 and remains active in the industry,
most recently being employed as a pilot with Jet2.com between 2013 and 2020.

 

Pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies, the
following information is disclosed in respect of Mr Kevin John Allen (aged
68):

 

 Current Directorships       Previous Directorships held in the past five years
 Bovingdon Aviation Limited  Chelverton Growth Trust PLC

Mr Allen holds 221,762 ordinary shares in the Company, representing
approximately 1.06% of the Company's issued ordinary share capital, and no
options or warrants over ordinary shares in the Company. There is no further
information regarding Mr Allen required to be disclosed under the AIM Rules.

 

Commenting on the appointment of Mr Allen, David Horner, Chairman of the
Company said: "I am delighted to welcome Kevin to the Board and I know that
his experience and wise counsel will be of great benefit to CEPS in the next
phase of its development and growth."

 

The Directors of the Company take responsibility for the content of this
announcement.

 

For further information, please contact:

 

 

 CEPS PLC

 Vivien Langford, Group Finance Director          +44 1225 483030

 Cairn Financial Advisers LLP

 James Caithie / Sandy Jamieson / Emily Staples   +44 20 7213 0880

 

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