CEPS

CEPS · AIM · Financial Services · mcap £8.2m · 39.0p

CEPS is a small UK holding company that owns controlling stakes in unrelated private businesses, with Aford Awards now its main remaining operating group. It buys, builds and sells these subsidiaries rather than running a single business.

Target	Promise	Said	Status
2024
2 May 2024	Seek shareholder approval for share capital reduction to create distributable reserves for future dividends	5 Feb 2024	✓ Kept
	“will put the Company in a position to pay dividends more quickly than it would have done had it not requested Shareholder approval” Also stated 1 Mar 2024 How it developed 5 Feb 2024 Said “To put the Company in a position to pay dividends in the future, the Company intends to convene a General Meeting to seek shareholder approval.” 1 Mar 2024 Said “will put the Company in a position to pay dividends more quickly than it would have done had it not requested Shareholder approval” 1 May 2024 ✓ Kept “on 30 April 2024, an order of the High Court of Justice, Chancery Division confirmed the reduction of the share capital in the Company and the cancellation...” 14 May 2024 ✓ Kept “the share capital reduction is now expected to become effective on or around the 15 May 2024.” Result High Court confirmed the reduction and it became effective in mid-May 2024, slightly later than the 2 May date first expected. “on 30 April 2024, an order of the High Court of Justice, Chancery Division confirmed the reduction of the share capital in the Company and the cancellation of its share premium account, which was approved by a special resolution of the Company passed on 20 March 2024.”1 May 2024 · Share Capital Reduction Update “the share capital reduction is now expected to become effective on or around the 15 May 2024.”14 May 2024 · Further re: Share Capital Reduction Update