20 March 2024
CEPS PLC
(the "Company")
Result of General Meeting
At the General Meeting of the Company held earlier today, the special resolution was duly passed. As such the Company will be proceeding with the proposed share capital reduction and cancellation of its share premium account, as detailed in the announcement of 1 March 2024.
| | Special resolution ** | For (including discretionary) | % | Against | % | Total | % of ISC voted | Withheld* |
| 1. | THAT, subject to an appropriate Order of His Majesty's High Court of Justice in England:
(a) the share premium account of the Company be cancelled; and (b) the issued share capital be reduced by cancelling paid up capital to the extent of £0.097 on each issued ordinary share of £0.10 each thereby reducing the nominal value of each such share to £0.003 each. | 10,285,531 | 48.98 | 1,250 | 0.01 | 10,286,781 | 48.99 | Nil |
* A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" a resolution.
** A special resolution requires at least a 75% majority of votes cast by eligible shareholders. The percentage of votes cast in favour of the special resolution was 99.99%.
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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