Last checked at 11 Oct 2023 07:00
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 |