Source - LSE Regulatory
RNS Number : 8249M
01 May 2024

1 May 2024


 ("CEPS" or the "Company")


Share Capital Reduction and

Cancellation of the Share Premium Account


Further to the announcement released by the Company on 1 March 2024, concerning the proposed share capital reduction and proposed cancellation of the share premium account, the Company confirms that on 30 April 2024, an order of the High Court of Justice, Chancery Division confirmed the reduction of the share capital in the Company and the cancellation of its share premium account, which was approved by a special resolution of the Company passed on 20 March 2024.  As a result, following the share capital reduction becoming effective, which is expected to take place on 2 May 2024 when the order has been registered by the Registrar of Companies, the nominal amount of each ordinary share in issue in the Company of £0.10 will be reduced by £0.097 to £0.003.

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.





Vivien Langford, Group Finance Director


+44 1225 483030


Cairn Financial Advisers LLP

James Caithie / Sandy Jamieson / Emily Staples


+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 identified 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 reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.

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