Source - LSE Regulatory
RNS Number : 7000P
CEPS PLC
11 October 2023
 

 

11 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 27 September 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"), has, on 9 October 2023, filed a 2nd Notice of Intention to Appoint Administrators.  This will allow the company and the proposed administrators additional time to progress the sale of the business and assets of the company.

 

A further announcement will be made as matters progress.

 

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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