REG - CEPS PLC - NED retirement and repayment of a Director’s loan

CepsAnnouncement

17/06/2024 07:15

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RNS Number : 5776S  CEPS PLC  17 June 2024

17 June 2024

CEPS PLC

 

 ("CEPS" or the "Company")

 

Retirement of a Non-Executive Director and repayment of a Director's loan

 

Retirement of a Non-Executive Director

 

The Board of CEPS will announce at the Annual General Meeting to be held at
11.30 a.m. today that Geoff Martin will be retiring as a Non-Executive
Director with immediate effect.  Geoff joined CEPS in 1981 and was appointed
Finance Director in 1986.  He retired as Finance Director on 28 February 2010
and became a Non-Executive Director with effect from 1 March 2010.  The
Directors would like to thank Geoff for his significant contribution during
his time at CEPS and wish him well for his retirement.

 

The Company is in advanced talks with his replacement and intends to announce
the details in due course.

 

Repayment of a Director's loan

In accordance with the terms of the loan agreement with David Horner, a
director of the Company, the balance of the loan from him to the Company will
be repaid today.  As announced on 17 September 2021, the quantum of the loan
facility remaining between David Horner and the Company is £191,924.

 

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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