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Pin to quick picksCeps Regulatory News (CEPS)

Ceps Information

Share Price Information for Ceps (CEPS)

London Stock Exchange
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Share Price: 21.50
Bid: 18.00
Ask: 25.00
Change: 0.00 (0.00%)
Spread: 7.00 (38.889%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 21.50
CEPS Live PriceLast checked at -

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Related Party Transaction

28 Aug 2020 07:00

RNS Number : 3880X
CEPS PLC
28 August 2020
 

CEPS PLC

 ("CEPS" or the "Company")

 

Related Party Transaction

 

CEPS plc announces that David Horner, a director of the Company, agreed on 27 August 2020 to provide a loan facility (the "Loan Facility") to the Company of £100,000 (in addition to the loan of £125,000 announced on 14 May 2020) for general working capital for the Company due to the 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.

 

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
 
 
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10th Jun 20131:40 pmRNSResult of AGM & GM
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3rd Nov 20107:00 amPRNChange of Name of Nominated Adviser and Broker
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