REG - CEPS PLC - Vale Brothers - associate company corporate update

CepsAnnouncement

19/10/2023 16:00

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RNS Number : 7176Q  CEPS PLC  19 October 2023

 

19 October 2023

 

CEPS PLC

('CEPS' OR THE 'COMPANY')

 

Update on Notice of Intention to appoint Administrator filed by Vale Brothers
Limited

 

Further to the announcement made by the Company on 10 October 2023, the Board
of CEPS announces that it has been informed that Vale Brothers Limited
("Vale"), a subsidiary of CEPS's associate company Vale Brothers Group Limited
("Vale Group"), was, on 18 October 2023, placed into administration.

 

CEPS has been informed by the administrator of Vale that the administrator has
sold the business and assets of Vale to a company funded by Baaj Capital LLP.

 

At this time, the Board believes there will be no impact on CEPS.

 

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

 

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