Result of Placing

RNS Number : 8252S

CEPS PLC

28 June 2018

 

CEPS PLC

("CEPS" OR THE "COMPANY")

Result of Placing

Total Voting Rights

Result of Placing

Pursuant to the announcement on 27 June 2018 by the Company regarding a proposed placing ("Placing"), the Company is pleased to announce that it has successfully placed 3,800,060 new ordinary shares at a price of 35 pence per share to raise £1,330,021 (before expenses) with a CEPS director, an institutional investor and a private investor all being the related parties identified in the Company's announcement of 27 June 2018. A PDMR notification form for the CEPS director who participated in the Placing has been included as an appendix to this announcement.

Application for Admission to AIM

Application will today be made to the London Stock Exchange to admit the Placing Shares to trading on AIM and admission is expected to occur on or around 3 July 2018. The Placing Shares will when issued rank pari passu with the Company's existing ordinary shares.

Total Voting Rights

Following the issue of the Placing Shares, the enlarged issued share capital of the Company will comprise 17,000,000 ordinary shares of 10 pence each. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

This notification contains Inside Information for the purposes of Article 7 of EU Regulation 596/2014. Upon publication of this notification, this information is now considered to be in the public domain.

Enquiries

CEPS PLC David Horner, Chairman	[phone]
Cairn Financial Advisers LLP Tony Rawlinson, James Caithie, Richard Nash	[phone]

David Horner - PDMR Notification Form

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	David Horner
2	Reason for notification
a.	Position/Status	Chairman of CEPS plc
b.	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	CEPS plc
b.	LEI	213800OL8W8NIPSMFN59
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a.	Description of the financial instrument, type of instrument Identification Code	Ordinary Shares of 10 pence GB00B86TNX04
b.	Nature of the transaction	Acquisition of Shares
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			35 pence	881,310
d.	Aggregated information - Aggregated Volume - Price	£308,458.50
e.	Date of the transaction	28 June 2018
f.	Place of the transaction	AIM

 

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