Source - Alliance News

CEPS PLC - Bath, England-based investment company focussed on industrial sector - Says that equestrian products maker Vale Brothers Ltd, a subsidiary of CEPS’s 33%-owned investee company Vale Brothers Group Ltd, filed a second notice of intention to appoint administrators on October 9. Says this will allow the company and the proposed administrators additional time to progress the sale of the business and assets of the company.

Last week, CEPS said demand for Vale Brothers Ltd products had been ‘very weak’.

Current stock price: 41.90 pence

12-month change: up 6.1% on Wednesday

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