Source - LSE Regulatory
RNS Number : 5328M
CEPS PLC
22 January 2021
 

22 January 2021

CEPS PLC

("CEPS" or the "Company")

 

Related Party Transaction

 

CEPS plc announces that David Horner, a director of the Company, agreed on 21 January 2021 to provide a loan facility (the "Loan Facility") to the Company of an additional £100,000 (in addition to the loan of £125,000 announced on 14 May 2020, the loan of £100,000 announced on 28 August 2020 and the loan of £425,000 announced on 1 October 2020) for general working capital for the Company due to the ongoing current COVID-19 situation

 

 

The Loan Facility, which is unsecured, carries zero interest and has no fixed repayment date, is deemed to be a Related Party Transaction pursuant to AIM Rule 13 as David Horner is a director of the Company.  The directors of the Company who are considered independent for the purposes of the Loan Facility, having consulted with the Company's nominated adviser, Cairn Financial Advisers LLP, consider the terms of the Loan Facility to be fair and reasonable insofar as the Company's shareholders are concerned.

 

The announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

The Directors of the Company accept responsibility for the content of this announcement.

 

Enquiries

 

CEPS PLC

David Horner, Chairman

 

+44 1225 483030

 

Cairn Financial Advisers LLP

James Caithie / Sandy Jamieson / Ludovico Lazzaretti

 

+44 20 7213 0880

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCSEWESFEFSESF
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Ceps PLC (CEPS)

0p (0.00%)
delayed 06:50AM