REG - CEPS PLC - Pension Scheme Update

CepsAnnouncement

18/04/2024 07:00

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RNS Number : 0397L  CEPS PLC  18 April 2024

18 April 2024

CEPS PLC

 ("CEPS" or the "Company")

 

Pension Scheme Update

 

Further to the announcement made on 5 February 2024, the Company received a
payment on account on 17 April 2024 amounting to £345,000 in relation to the
surplus from the wind-up of the Company's defined benefit scheme (Dinkie Heel
plc Retirement Benefits Scheme ("the Scheme")).

 

The total surplus net of tax at 25% was estimated to be £402,815.  This
amount is subject to final deductions for professional fees and other costs.
A further announcement will be made when the final payment is received.

 

 

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.

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