CEPS PLC Related Party Transaction (3880X)

TIDMCEPS

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 GBP100,000 (in addition to the loan of GBP125,000 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

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August 28, 2020 02:00 ET (06:00 GMT)

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