CEPS PLC Extends Loan Term, Raises Interest Rate

 

CEPS PLC (LSE:CEPS) has extended the maturity of a third-party loan originally arranged in 2021, now set for repayment by June 2026. As part of the new terms, the loan’s annual interest rate will increase from 7% to 9%. The extension constitutes a related party transaction, as the loan is backed by a personal guarantee from company director David Horner. Importantly, Horner receives no direct benefit from the arrangement.

Following consultation with its nominated adviser, Cairn Financial Advisers LLP, the company’s independent directors have concluded that the terms of the guarantee are fair and in the best interests of shareholders.

About CEPS PLC

CEPS PLC operates through its subsidiary ICA Group Limited, providing inspection, audit, and compliance services within the construction industry. The company seeks to enhance shareholder value through strategic acquisitions and business restructuring, with a particular focus on the UK building control sector.

• Average Daily Trading Volume: 25,064

• Technical Sentiment: Strong Sell

• Market Capitalization: £4.52 million

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Ltd. ADVFN Ltd does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Comments are closed

WHAT IS ADVFN?

ADVFN covers all things stock market.

From the news and opinion pieces on pages like this to share discussion forums, charting tools, financials, live share prices and Level 2, order book data

If you trade or invest ADVFN has the tools you need to make the right decisions.

• 

  101 Ways to Pick Stock Market Winners

  You need the number one bestselling investment guide, the definitive text for day traders, investors and stock pickers.

• 

  The Death of Wealth

  Dissecting the global economy and the financial markets, the book lays out the evidence for the next economic game changer: the Death of Wealth.

• 

  IQ Option

• 

  getbux

• 

  John Williams

• 

  Faraday Research