REG - CEPS PLC - Share Capital Reduction Update

CepsAnnouncement

01/05/2024 11:00

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RNS Number : 8249M  CEPS PLC  01 May 2024

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.

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