CEPS PLC Interims 2020 correction (0618W)
20 April 2021 - 10:10PM
UK Regulatory
TIDMCEPS
RNS Number : 0618W
CEPS PLC
20 April 2021
20 April 2021
CEPS PLC
("CEPS" or the "Company")
Interims 2020 correction
The Board of CEPS announces that it has come to light during the
audit of CEPS' full year results for the year ended 31 December
2020 that a material non-cash error of approximately GBP1.732
million, in relation to the exceptional profit on disposal, was
made in the unaudited half-yearly report for the six months ended
30 June 2020 that was released on 25 September 2020 ("Interims").
The Interims showed an exceptional profit on the disposal of two
loss-making subsidiaries, CEM Press Limited and Travelfast Limited
(trading as Sampling International), of GBP2.555 million. The
results for the full year are currently anticipated to show an
exceptional profit on disposal of approximately GBP825,000.
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
/
Ludovico Lazzaretti +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
identi ed 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 re ect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors .
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END
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