CEPS Ceps Plc

TIDMCEPS

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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(END) Dow Jones Newswires

October 19, 2023 10:46 ET (14:46 GMT)

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