REG - CEPS PLC - Related Party Transaction

CepsAnnouncement

14/05/2020 13:40

RNS Number : 9495M
  
CEPS PLC
  
14 May 2020
  
 

CEPS PLC
 ("CEPS" or the "Company")
 
Related Party Transaction
 
CEPS plc announces that David Horner, a director of the Company, has today made a loan (the "Loan") to the Company of £125,000 to provide additional working capital during the current COVID-19 situation.  This is in addition to the measures taken to reduce overheads set out in the announcement of 15 April 2020.
 
The Loan, which is unsecured, carries zero interest and has no fixed repayment date, is deemed to be a Related Party Transaction pursuant to AIM Rule 13 as David Horner is a director of the Company.  The directors of the Company who are considered independent for the purposes of the Loan, having consulted with the Company's nominated adviser, Cairn Financial Advisers LLP, consider the terms of the Loan to be fair and reasonable insofar as the Company's shareholders are concerned.
 
The announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
 
Enquiries
 



CEPS PLC
David Horner, Chairman


 
+44 1225 483030
 




Cairn Financial Advisers LLP
James Caithie / Tony Rawlinson / Ludovico Lazzaretti


 
+44 20 7213 0880



 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
  END
 
 
MSCSFEFELESSEDI