CEPS PLC Vale Brothers - associate company corporate update (7176Q)
October 19 2023 - 9:46AM
UK Regulatory
TIDMCEPS
RNS Number : 7176Q
CEPS PLC
19 October 2023
19 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 10 October
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"), was, on 18
October 2023, placed into administration.
CEPS has been informed by the administrator of Vale that the
administrator has sold the business and assets of Vale to a company
funded by Baaj Capital LLP.
At this time, the Board believes there will be no impact on
CEPS.
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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