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
2025
29 May 2025	Be technically able to buy back and cancel shares by publication of audited results for next year	3 May 2024	◐ Partly kept
	“once the Company has sufficient distributable reserves, anticipated to be by the publication of the audited results for next year, the Company is expected to be in a position where it can technically buy back and cancel shares” How it developed 3 May 2024 Said “once the Company has sufficient distributable reserves, anticipated to be by the publication of the audited results for next year, the Company is expected...” 12 May 2026 ◐ Partly “Thirdly, recognising the fundamental change in the CEPS structure and scale following the disposal of ICA, the Board considers it may be appropriate to...” Result The reduction created distributable reserves, but no buyback was announced; in 2026 the Board only said it is considering a return of capital. “Thirdly, recognising the fundamental change in the CEPS structure and scale following the disposal of ICA, the Board considers it may be appropriate to propose a return of capital to shareholders. The Board is considering various options and will look to come forward with an appropriate strategy in due course.”12 May 2026 · Final Results